SHIB ON SOLANA priceSHIB

Concerns have emerged over Shiba Inu’s (SHIB) token distribution after analysts revealed that several wallets hold a significant portion of its supply. On Friday, crypto analytics firm Santiment reported that the top 10 SHIB wallets collectively own 61.3% of the total supply. By comparison, Ethereum’s top 10 wallets hold 46.1% of its supply, while Chainlink and Toncoin have even lower concentrations at 33.1% and 32.8%, respectively. Notably, as per the firm, such a high concentration for SHIB raises fears of price manipulation and volatility. “When the top 10 largest wallets hold a big portion of a cryptocurrency’s total supply, like Shiba Inu at 61%, it means a small number of holders have significant control over the market. If these wallets decide to sell, it can cause sharp price drops, creating greater risks for smaller investors.” The firm tweeted. On the other hand, cryptocurrencies with more evenly distributed ownership are considered more stable, as they are less susceptible to market manipulation by a few large players. However, a closer look at the nature of these wallets reveals that the situation may not be as concerning as initially feared. While the numbers suggest that a small number of entities control SHIB’s supply, the firm noted that many of these top wallets do not belong to individual investors or whales but are controlled by exchanges and the SHIB burn wallet. Notably, the official burn wallet is the largest SHIB wallet, which holds an astounding 41% of the total supply. These tokens have been permanently removed from circulation, meaning they cannot be sold or reintroduced to the market. This significantly reduces concerns about potential sell-offs from this particular address. The second-largest wallet, containing 44.72 trillion SHIB, belongs to the South Korean exchange Upbit. Similarly, Binance holds 44.19 trillion SHIB as the third-largest wallet, while Robinhood controls the fourth-largest with 39.27 trillion SHIB. Other major exchanges like Crypto.com, OKX, and BitGo also hold substantial amounts. Since these exchanges hold SHIB on behalf of millions of retail investors rather than for personal investment, the likelihood of coordinated price manipulation is much lower than initially perceived. It’s also important to note that such entities, particularly Robinhood, have continued accumulating SHIB, signaling a growing interest in the meme coin. According to Santiment, such purchases indicate confidence in the meme coins future. “If these large holders continue to hold or accumulate, it generally signals confidence in the project and can actually reward traders who collectively hold less power and rely more heavily on the behavior of a few large key stakeholders.” Santiment wrote. SHIB traded at $0.00001569 at press time, reflecting a 1.10% surge in the past 24 hours.

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Shiba Inu’s Mystery: Who Controls 60% of SHIB’s Supply? Unraveling the Enigma Behind a Significant $SHIB Holding The Shiba Inu (SHIB) ecosystem has been the subject of intense speculation due to the discovery that 60% of its total supply is concentrated in a single wallet. Given SHIB’s position as one of the leading meme-based cryptocurrencies, this revelation has raised questions about market control, investor confidence, and long-term price stability. --- The Significance of This Large Holding 1. Potential Market Manipulation A single entity controlling 60% of SHIB’s supply has the power to influence price movements significantly. If the holder decides to sell a large portion, it could trigger a sharp decline in price. Conversely, continued holding or accumulation could lead to stability or price appreciation. 2. Investor Confidence and Market Perception Uncertainty about the wallet’s ownership can impact investor sentiment. Without clarity on whether this holding is tied to developers, a strategic burn mechanism, or an external entity, some investors may perceive increased risk and volatility. Transparency around major holdings is a critical factor in building trust within the cryptocurrency community. 3. The "Whale Effect" In crypto markets, individuals or entities holding large amounts of an asset are referred to as whales. These whales have the ability to cause significant price swings based on their trading activity. The presence of a major SHIB holder could lead to speculative trading, increasing market uncertainty and volatility. --- Potential Scenarios and Market Impact Short-Term Outlook: Volatility Expected If the wallet holder sells a significant portion, SHIB could experience a temporary price drop. If they continue to hold or increase their holdings, SHIB may see price stabilization or gradual appreciation as demand strengthens. Long-Term Considerations: Ecosystem Growth as a Key Factor Despite the concerns surrounding this large holding, Shiba Inu’s ecosystem continues to expand with key developments such as: ShibaSwap (Decentralized Exchange) Shiba Inu Metaverse Layer-2 Scaling Solutions (Shibarium) These initiatives could enhance SHIB’s utility and adoption, mitigating the potential risks associated with a single wallet holding a substantial portion of the supply. Speculation on the Holder’s Identity Several theories have emerged regarding the wallet’s ownership: Shiba Inu Development Team: The holding may belong to the founders or core developers, ensuring controlled supply distribution. Burn Mechanism: The wallet may be tied to a long-term strategic burn process to gradually reduce SHIB’s circulating supply. Institutional or Private Investor: A major investor or entity could be accumulating SHIB for future deployment or speculative gains. If this holding is linked to a structured and transparent initiative, the perceived risk may be mitigated, potentially benefiting the SHIB ecosystem. --- Investor Strategy: How to Navigate This Uncertainty 1. Maintain a Strategic Approach Rather than reacting impulsively, investors should monitor developments and avoid panic-driven decisions. The Shiba Inu community has previously weathered market fluctuations, demonstrating resilience in the face of speculation. 2. Stay Informed Regularly track news, official project updates, and on-chain analytics to assess how this wallet’s activity may influence market trends. 3. Implement Risk Management Practices For those holding SHIB, diversification and a well-defined risk strategy can help manage exposure to potential volatility. Avoid making investment decisions based solely on speculative concerns about whale activity. --- Final Thoughts While the identity of the 60% SHIB holder remains unknown, this does not necessarily indicate a threat to the project’s future. If Shiba Inu continues to expand its ecosystem, enhance utility, and drive adoption, its long-term potential could remain intact. As with any investment, patience, research, and strategic decision-making are key to navigating market uncertainties effectively. $SHIB

The meme coin market has been a rollercoaster lately, with many new tokens experiencing massive crashes—some dropping over 90% in value. In the middle of this chaos, Shiba Inu (SHIB) is standing its ground, and honestly, it’s starting to look like a potential breakout candidate. Over the past few weeks, the meme coin market has lost billions, yet SHIB is still holding key support levels. If it can push past its resistance near $0.000016, we might see a rally toward $0.000018 and even $0.00002. That might not sound like much, but in the meme coin world, small movements can lead to big gains. One thing I’ve noticed is that SHIB is reclaiming some important technical levels, which means there’s renewed buying interest. It’s hovering around a critical resistance zone, and if it breaks through, momentum could shift in a big way. Another factor to consider is how investors are reacting. With so many new meme coins crashing, people are looking back at established names like SHIB. The community is still strong, and liquidity is solid—two things that help keep a token relevant when newer projects start to fail. All in all, while the broader meme coin market is struggling, SHIB seems to be in a decent position for a potential rally. If it can maintain momentum and break key resistance levels, we might see some exciting moves ahead. I’ll be keeping a close eye on it. $SHIB

The recent turbulence in the market have significantly affected meme coins, causing their total market cap to fall below $70 billion. While some altcoins and meme coins have shown a lot of price fluctuations, Shiba Inu & Dogecoin, in particular, are having a hard time stabilizing their prices. However, some experts believe that the ongoing consolidation in the prices of $DOGE and $SHIB , especially during a dip, could trigger a strong recovery ahead. Dogecoin and Shiba Inu Silently Gain Momentum According to data from Coinglass, Dogecoin saw a significant amount of liquidation in the past 24 hours, with around $6.77 million in DOGE positions being closed. This included about $3.55 million sold by buyers and $3.22 million by sellers. Meanwhile, SHIB experienced about $137,000 worth of liquidation, with buyers accounting for $73.5K of that total. Despite these liquidations, the prices of both meme coins have remained stable, which could indicate a potential rally ahead. Analysts suggest that this stability might be the calm before a storm, as large investors continue to buy SHIB and DOGE during the recent price dip. This buying could strengthen support levels and potentially lead to a sharp increase in the prices of Dogecoin and Shiba Inu. Dogecoin Price Analysis Dogecoin price made a sharp decline from the $0.3 mark, which suggests that the bears have turned this level into resistance. Bears are dominating as DOGE struggles in surging above immediate resistance of $0.26. As of writing, DOGE price trades at $0.254, surging over 1.47% in the last 24 hours. The selling pressure continues to be dominating below the $0.30 level. However, buyers have built a strong support around $0.2 as it forms an accumulation zone. Any recovery is likely to encounter selling pressure at the previous support now turned resistance level of $0.30. If the price continues to hold below that level, the bears might push the DOGE/USDT pair below $0.20. Conversely, if Dogecoin breaks and holds above $0.30 following ongoing accumulation, it could indicate that the bears are losing control. This could mean that a bottom has been established, pushing the DOGE price toward $0.34. Shiba Inu Price Analysis SHIB price is attempting for a recovery as the price aims for a surge above the EMA50 trend line. However, the price of SHIB continues to face resistance. Currently, the SHIB price is at $0.000015, having surged over 0.24% in the last 24 hours. The SHIB/USDT trading pair remains under the downtrend line, showing strong selling pressure from bearish traders. This price level may continue to be a significant barrier, as short-term holders (STHs) might opt to sell off their positions at this level. However, we expect the SHIB price to retest its resistance at $0.00001717. If the price stays above the EMA20 trend line on the 1-hour chart, buyers could attempt to send it toward $0.000022. With the Relative Strength Index (RSI) remaining below the midline at 40, there could be a drop toward $0.000012.