The number of Shiba Inu trillionaires is decreasing in rapid fashion, which could be a signal for the rest of SHIB holders. The on-chain data is certainly not positive, and as large holders decrease their SHIB holdings, the market might see continuous selling pressure.
The latest data shows that there are now only 49 wallet addresses holding over a trillion SHIB. This represents a substantial reduction in large holders, which previously played a major role in market stability. The drop suggests that whales are either selling off their holdings or redistributing them among multiple addresses. A change in the market structure or a decline in confidence among significant investors could be the cause of this.
SHIB/USDT Chart by TradingView
Looking at the concentration of investor activity, the data suggests that only 15.76% of SHIB's total supply is concentrated in these large wallets. This drop may indicate greater market decentralization than at previous levels, but it also raises questions regarding price stability and liquidity. Interestingly, while large holders are exiting, smaller wallets have been increasing.
HOT Stories Shiba Inu Price in Red as First Major Death Cross in 2025 Appears Ex-Binance Boss CZ: 'There Is No Escape' From Bitcoin 'Excellent Chart': XRP Price Earns Emotional Praise From Top Trader 'Rich Dad Poor Dad' Author Calls Bitcoin One Answer to Fundamental Question
The number of addresses holding between one million and one billion SHIB has remained steady or increased slightly, suggesting that retail investors continue to accumulate tokens despite the declining presence of whale investors. On-chain charts indicate that SHIB wallets holding between $1 and $10 have grown by over 26%, while mid-tier holders with balances between $1,000 and $100,000 have dropped significantly.
Related
Thu, 02/20/2025 - 08:24 'Rich Dad Poor Dad' Author Calls Bitcoin One Answer to Fundamental Question
Yuri Molchan
This data suggests that high-net-worth investors are gradually offloading their holdings, likely contributing to the prolonged bearish pressure on SHIB's price. SHIB is still in a weak position technically, and the price is having trouble gaining traction. In addition to failing to break above significant resistance levels, the asset's potential bullish momentum is further undermined by a drop in the number of large holders.
Even though retail demand is increasing, it might not be enough to offset the pressure from former trillionaire holders to sell. SHIB may see higher volatility if the trend persists, making it difficult for smaller investors to withstand significant sell-offs. On the other hand, if new whales emerge or existing holders begin accumulating again, SHIB may stabilize and recover from its current levels.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
