Shiba Inu (SHIB) Whales Accumulate 6.33 Trillion Tokens in 2025 as Mid-Tier Holders Reduce Stakes

The price of Shiba Inu dropped 3.87% in 24 hours, while whales added 6.33 trillion tokens in 2024 as mid-tier holders reduced stakes.

The price of Shiba Inu (SHIB) has dropped 3.87% in 24 hours, as large SHIB whales continue accumulating tokens.

According to IntoTheBlock data, large Shiba Inu whales, defined as those holding 10 trillion to 100 trillion SHIB, have added 6.33 trillion SHIB to their holdings so far in 2024.

Out of this total accumulation, 840 billion SHIB were acquired by large whales in February alone. Their cumulative balance now amounts to 161.49 trillion SHIB.

As large whales ramp up their SHIB acquisitions, mid-tier investors, specifically those holding 100 billion to 1 trillion SHIB, have been reducing their stakes.

These mid-tier investors sold 3.16 trillion SHIB during this period. Additionally, holders with 1 trillion to 10 trillion SHIB also sold 2.05 trillion SHIB.

Among retail investors, those holding 0 to 1 million SHIB engaged in minimal buying activity, adding 4.34 billion SHIB to their holdings.

On the other hand, smaller retail categories, including those holding 10 million to 100 million SHIB and 100 million to 1 billion SHIB, experienced slight decreases in their SHIB holdings.

Shiba Inu Price Analysis

SHIB's price has shown weakness in recent times, failing to gain significant momentum despite the large whale accumulation.

As of today, SHIB is trading at $0.00001526, reflecting an 18.38% drop over the past week and a 7.4% decrease in the last 30 days.

The token ranks 14th on the cryptocurrency list with a market capitalization of $8.37 billion.

Shiba Inu Holder Distribution Raises Concerns

Further data from Santiment highlights concerns regarding the concentration of SHIB's supply.

The platform's analysis reveals that the top 10 largest wallets currently hold 61.3% of the total SHIB supply.

This high level of concentration can lead to increased market volatility, as large holders have the capacity to influence price movements by accumulating or selling substantial quantities of SHIB.

However, a deeper analysis of the data reveals that the situation may not be as alarming as it initially appears.

Despite the concerns, the largest whale category, consisting of addresses holding over 100 trillion SHIB, has remained largely stable, holding 410.43 trillion SHIB tokens.

Comparing SHIB Distribution with Other Cryptos

For perspective, Santiment also compared SHIB's token concentration with other major cryptocurrencies.

The analysis shows that the top 10 wallets in Chainlink (LINK) hold 33.1% of its supply, while Toncoin (TON) has a more decentralized distribution with the top 10 wallets accounting for 32.8% of the total token supply.

In contrast, Ethereum (ETH) has a token concentration of 46.1% among its top 10 wallets.

According to the firm, lower concentration levels contribute to price stability, as they reduce the likelihood of single entities controlling significant portions of supply.

A more decentralized distribution structure builds investor confidence by minimizing risks associated with price manipulation and sudden market shifts.