Shiba

Dogecoin

CRYPTO

Shiba Inu

The most recent data show that the self-proclaimed Dogecoin killer has almost 1.7 million holders. However, less than 1,000 wallets own the vast majority of the supply: a concentration hard to ignore and which raises eyebrows.Shiba Inu’s price has been in a major decline over the past several months, yet some analysts believe a rebound could be on the way while certain factors support their bullish outlook.<h2 id="how-many-whales-and-shrimps">How Many Whales and Shrimps?</h2>Earlier this month, the total number of SHIB addresses <a href="https://cryptopotato.com/key-shiba-inu-metric-reaches-a-new-ath-yet-shibs-price-keeps-sliding-details/" rel="noopener noreferrer nofollow">reached</a> an all-time high of 1,676,535 after a sudden one-day increase of 75,000 new holders. The figure kept climbing and currently stands at 1,678,502.According to Etherscan, nearly a million of those are investors known as shrimps: wallets holding up to $10 worth of the meme coin. The second-largest group is crabs (477,871), who own between $10 and $100 in SHIB. Coming up next are fish, dolphins, and sharks.Interestingly enough, there are only 703 whales (addresses that hold more than $100K worth of the token each). They make up only 0.04% of the total figure but control staggering 94.5% of Shiba Inu’s supply.Such an extreme concentration means that theoretically a small group of investors could move the market with their actions. A coordinated sell-off, for instance, could lead to a substantial price crash, while sudden accumulation might have the opposite effect.<h2 id="shib-at-a-critical-stage">SHIB at a ‘Critical Stage’</h2>As of press time, the token is worth around $0.000004235 (per CoinGecko), translating into a massive 72% decline on a yearly scale. X user CRYPTO SHERIFF <a href="https://x.com/Gem_Sheriff/status/2079644821438791861" rel="noopener noreferrer nofollow">noted</a> that the asset has been consolidating below a 5-year downtrend, arguing that it is in “a critical stage” which could actually be a precursor to a huge pump.<blockquote>“There is an unwritten rule in crypto: the longer the consolidation lasts, the bigger the breakout! SHIB is at a critical stage! Unless there is a market downturn in the coming days, we could see a new rally for SHIB,” they stated.</blockquote>The declining amount of tokens stored on exchanges reinforces the bullish scenario. According to CryptoQuant, there are now approximately 86.2 trillion SHIB held on centralized platforms, a new five-year low that typically reduces immediate selling pressure.<figure id="attachment_1443580" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/07/SHIB-Exchange-Reserve-1.png" rel="noopener noreferrer nofollow"><img class="wp-image-1443580 size-full" src="https://cryptopotato.com/wp-content/uploads/2026/07/SHIB-Exchange-Reserve-1.png" alt="SHIB Exchange Reserve" width="1475" height="772"></a><figcaption id="caption-attachment-1443580" class="wp-caption-text"> SHIB Exchange Reserve, Source: CryptoQuant </figcaption></figure>At the same time, there are some warning signs. X user SHIBMortal <a href="https://x.com/SHIBMortal/status/2079634275599888774" rel="noopener noreferrer nofollow">said</a> that analysts have spotted a 91% match between SHIB’s recent performance and the 2023 bearish pattern, which could lead to a 20% drop to the $0.0000032–$0.0000033 range.The post <a href="https://cryptopotato.com/shiba-inu-holders-breakdown-heres-how-many-whales-control-95-of-the-supply/" rel="noopener noreferrer nofollow">Shiba Inu Holders Breakdown: Here’s How Many Whales Control 95% of the Supply</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Shiba Inu Holders Breakdown: Here’s How Many Whales Control 95% of the Supply

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