Shiba Inu

Against the backdrop of recent instability in the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a>, the decentralized token <a href="https://finbold.com/guide/how-to-buy-shiba-inu-coin-shib/" rel="noopener noreferrer nofollow">Shiba Inu</a> (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) has experienced a pronounced exodus, witnessing a substantial decrease in the number of its holders by nearly 40,000 within a mere three-day span.Notably, this decline coincided with a market-wide crash on June 10, triggering a mass departure of investors across various digital assets, particularly altcoins, as bearish sentiment pervaded the broader crypto space.Of significant interest is the fact that SHIB had demonstrated a relatively steady rise in holders over the previous month; however, June 10 marked a turning point as the number of the total number of unique addresses that hold assets in the network stood at 1,316,060, subsequently plummeting to as low as 1,276,678 on June 12, as reported by CoinMarketCap.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/86989beedee64734bbacff6c2c3d3b5c.jpg" />Total Addresses that hold SHIB. Source: CoinMarketCapAs of the latest data, the count stands at 1,277,353.<h2 id="header-0">SHIB holder statistics</h2>A noteworthy observation is that the distribution of Shiba Inu tokens is heavily skewed towards a select few. The top 10 holders alone possess a significant 60.74% of the total token supply, revealing a concentrated ownership structure.Further highlighting this trend, the top 100 holders collectively control 80.9% of the supply.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3e2d1f6d6b7340fd90936c1018ed94d9.jpg" />SHIB holder statistics. Source: CoinMarketCap<h2 id="header-1">Shiba Inu price analysis</h2>Shiba Inu has gained significant traction in the cryptocurrency market, currently ranking as the 18th largest asset by market capitalization, with a valuation of approximately $3.9 billion. As of the latest data, the price of SHIB stands at $0.000006771.Over the past 24 hours, SHIB has experienced a positive upward trend, recording a 2.05% increase in value. However, when considering the past week, the asset has faced a notable decline of 15.70%.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6807c3c79d824dd8aa1525a6fca86b9d.jpg" />SHIB 1-week price chart. Source: CoinMarketCapThese price fluctuations illustrate the inherent volatility of the cryptocurrency market, where rapid shifts in value are not uncommon. Investors and enthusiasts closely monitor these movements to gauge the short-term performance of SHIB and make informed decisions regarding their positions.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>

SHIB loses nearly 40,000 holders in less than a week

Table of Contents

Finbold

Other articles published on Jun 13, 2023

Sygnum Singapore gets approval to offer crypto services

Artificial Intelligence-Generated Media Poses a Critical Threat to Information Integrity, Warns t...

Polygon Introduces Version 2.0, Calls It The Value Layer Of The I

Sturdy Finance Extends Olive Branch: $100,000 Bounty for Attacker

U.S. SEC Chair Doubles Down on Crypto, Citing Criminal Activity and Calls for Increased Regulation

Bitcoin (BTC) and Crypto Market Expected to Receive Major Blow Soon: Details

Join our free newsletter for daily crypto updates!