Shiba Inu Concentration Alert: Top 10 Wallets Control Over 62% of SHIB Supply

Whale dominance hits alarming levels as Santiment data reveals extreme concentration in Shiba Inu holdings.

Supply Distribution Shock

The top ten addresses now command over 62% of SHIB's total circulating supply—creating a centralized grip on what's supposed to be a decentralized meme asset. That's right, the 'people's crypto' is looking more like a whale's playground.

Market Manipulation Risks

Such concentration gives massive holders unprecedented power to sway prices, trigger volatility, and exit liquidity at will. Retail investors? Essentially along for the ride—or the rug.

Just another day in crypto—where decentralization is the slogan, but consolidation is the game.

Top 10 Shiba Inu largest holdersTop 10 Shiba Inu largest holders Shiba Inu Concentrated Ownership Surpasses UNI and ETH Meanwhile, Santiment also provided insights into the top 10 ownership of other leading Ethereum-based cryptocurrencies. For example, the top 10 Uniswap holders control about 52.2% of UNI’s supply, while the top 10 Ethereum addresses hold around 51% of ETH’s supply. With 62.3% of SHIB supply held by its top 10 holders, Shiba Inu shows a higher concentration of ownership compared to Uniswap (52.2%) and Ethereum (51%). While such concentrated holdings pose a theoretical risk—where a major sell-off could trigger a sharp price decline—this outcome remains unlikely. The largest SHIB holder is a null (burn) wallet, and most of the remaining top wallets are associated with centralized exchanges rather than individual holders.