80% of SHIB Supply Held by Few Hands: What Does it Mean for Future?

New data suggests that over 80% of Shiba Inu’s total supply is concentrated among a small group of long-term holders, according to IntoTheBlock. This phenomenon raises questions about the future trajectory of the meme coin as market uncertainty remains. While many SHIB holders remain optimistic despite recent market volatility, a significant portion of SHIB’s circulating supply is controlled by whales who hold more than 1% of the supply, indicating potential concentration risk in the short-term.