SHIB Now Has Over 1 Million Holders as Ethereum Whales Control 9% of Supply

Shiba Inu has reached an impressive record of almost 1,075,000 headlines. Of this holder count, 1,000 large Ethereum wallets, or “whales,” contain nearly 48 billion SHIB tokens.

Early Shiba Inu holders made staggering returns on their initial investments, benefiting immensely from the meteoric rise of the dog-themed coin. According to CoinGecko data, Shiba Inu is up 52.342172.7% from the November 28 all-time lows of $ 0.000000000056.

This impressive increase in a space of almost 12 months has contributed to an increase in the number of SHIB holders.

According to WhaleStats, Shiba has set a new record of more than 1,075,000 holders. Of this large number, 1,000 large ETH wallets currently hold 48,098,038,767,872 SHIBs, or $ 1,470,106,983 of value. SHIB has a current circulating supply of 549,150,741,363,587 and an initial supply of 1 trillion, according to data from CoinGecko.

0.09% of SHIB holders control 9% of circulating supply

The 1,000 ETH wallets tracked by WhaleStats account for almost 0.09% of the total 1,075,033 holders. Given that they currently own 48,098,038,767,872 SHIBs according to WhaleStats, this represents almost 9% of the circulating supply of 549,150,741,363,587.

This could seem to explain the impact of this category of investors on the price of SHIB. SHIB’s meteoric rise from September to October was hand in hand with a rapid rise in retail interest in the coin. Shiba Inu captured the attention of retailers, as the chances of such an impressive rise slipping into retail investors’ minds are pretty slim.

At press time, Shiba Inu is the thirteenth largest cryptocurrency, with a current market capitalization of $ 16.3 billion. SHIB is trading 6.83% lower in the last 24 hours at $ 0.0000292.


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