Blockchain data indicates that large investors, often referred to as whales, currently control approximately 74% of Shiba Inu's circulating tokens. This concentration of SHIB tokens presents both opportunities and potential risks for smaller traders.
Despite minimal recent price movement, with SHIB around $0.000012, over $120 million in large trades (each exceeding $100,000) have occurred in the past week. This substantial trading volume suggests sustained interest from institutional investors and large holders.
While significant holdings by whales can reflect confidence in Shiba Inu's future, they can also introduce instability. Sudden shifts in positions by these major holders could lead to rapid price fluctuations, emphasizing the importance for investors to closely monitor whale activity.