Shiba Inu Price on the Rise: Why Whale Concentration Is Catching Investors' Attention

UnluckyMiner · 2026-01-20T10:44:53+00:00

The Shiba Inu meme coin exhibits significant volatility, surging 13% recently, driven by increased trading interest. However, on-chain data reveals that 63% of its supply is concentrated in the hands of the top ten wallets, raising concerns over market power and future stability amidst ongoing meme coin enthusiasm.

UnluckyMiner

2026-01-20 10:44:53

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The meme coin Shiba Inu has shown impressive volatility this week. With a 13% increase on Sunday, the positive momentum in the digital meme asset sector continues and sparks increased trading interest.

However, a closer look at the on-chain data reveals an interesting situation: According to analyses by Santiment, nearly two-thirds – specifically 63% – of the total Shiba Inu supply is held by the ten largest addresses. This concentration is remarkable, especially considering that the single top wallet holds about 41% of the total supply – a volume worth around $3.3 billion.

This high capital concentration raises important questions: On one hand, it demonstrates the trust of major investors in the project; on the other hand, the dominance of a few addresses indicates significant market power. What does this mean for the future of Shiba Inu? The current price movement is encouraging, but the wallet structure remains a factor that attentive traders should keep a close eye on.

With the ongoing meme coin boom in 2026 and such impressive price increases, the issue of market distribution becomes increasingly relevant for long-term growth.

SHIB-3,68%

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