CandleFocus

435 Trillion Shiba Inu (SHIB) Cluster: What Can Happen There?

Author: Content Editor
The price of the Shiba Inu token has the potential for significant growth based on the concentration of active addresses holding the token. More than 71% of the entire Shiba Inu supply is held by a small number of addresses, with over 50% of SHIB holders currently in profit. This suggests that if the price increases even slightly, many investors could profit and potentially drive further buying pressure. However, if a significant portion of investors choose to cash out, there is a risk of price stagnation due to the concentration of holders in a narrow price range. High transaction volume, particularly from institutional or whale investors, could support the price of SHIB in the near future. The actions of the small number of powerful investors who hold 73% of SHIB could either increase or decrease price volatility, depending on whether they maintain or increase their positions.

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