Shiba Inu (SHIB) Price Analysis: Large Holder Concentration Triggers Distribution Concerns

Shiba Inu (SHIB) continues its sideways movement, with prices stuck within a tight band as large concentrations of tokens in just a handful of wallets spark new questions about the altcoin’s distribution and future trajectory.

Shiba Inu Price Stagnates Amid Shrinking Volatility

SHIB is currently trading at $0.00001158, reflecting a modest 0.35% dip over the past 24 hours and an 8.31% drop over the last week. The cryptocurrency’s price has remained confined between $0.00001142 and $0.00001229, a sign of limited volatility and persistent indecision among both bulls and bears. Even as momentum stalls, daily trading remains robust at $127.4 million, underscoring sustained interest in SHIB despite short-term losses.

Large Holders Dominate SHIB Supply, Raising Red Flags

Fresh data from IntoTheBlock reveals that nearly 129 trillion SHIB tokens are concentrated in just 45 wallets. These “investor” addresses each control between 0.1% and 1% of the circulating supply, making them major players but not the absolute largest whales (who hold over 1%). With a total supply exceeding 589 trillion, this cluster accounts for more than 20% of all SHIB in circulation. However, it’s unclear how much of this tally is held by exchanges, smart contracts, or large private holders since ownership data does not distinguish between custodial and individual accounts. This lack of transparency fuels debate over SHIB’s true decentralization and market risks tied to potential large-scale movements.

Key Stats & Figures

• Current SHIB Price: $0.00001158 (as of press time)
• 24-Hour Price Change: -0.35%
• 7-Day Price Movement: -8.31%
• Trading Volume (24H): $127.4 million
• Total Supply: Over 589 trillion SHIB tokens
• Tokens Held by 45 Addresses: 128.99 trillion (more than 20% of circulating supply)
• Support Zone (Market Cap): $6.7 billion
• Resistance Zone (Market Cap): $10 billion

Key Market Levels: Support and Resistance Define Next Moves

Analysts are closely watching SHIB’s support at a $6.7 billion market cap, a region that previously held firm during sharp sell-offs like those seen in April 2024. Back then, prices rebounded shortly after dipping to $6.08 billion. On the upside, resistance looms near the $10 billion cap; SHIB failed to establish sustained gains beyond this level in May, resulting in a retreat. Breaking above this threshold could signal a renewed upward momentum, while a fall below support may spark further declines.

Conclusion: What This Means for the Market

Shiba Inu remains one of the most widely held altcoins, but its tightly clustered ownership and recent price performance highlight ongoing uncertainties for investors. While parts of the community maintain a bullish outlook—emphasizing patience and accumulation—broader market caution prevails. The coming weeks may prove critical, as traders monitor whether SHIB can break free from its narrow range or whether concentration among major holders will amplify volatility when sentiment shifts.