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Number of Shiba Inu millionaires It continues to decline as recent market crashes dampen owners’ profits. In particular, the chain data reveals that the total number of Shiba inu billionaires is below 1,000. But they still control a significant portion of the supply of meme coins.
Shibu Millioniol is below 1,000
Next A broader market crash Such a meme coin had a major impact Shiv and Dogea new report reveals that the number of Shiba inu billionaires whose wallets range between $100,000 and $10 million has dropped significantly. There is IntotheBlock, a blockchain analysis company It has been reported This means that the number of addresses holding siv tokens worth $10 million has dropped to 2,470. these Deep Pocket Token Holder It manages shivs worth $3.5 billion in bulk.
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ITB data that broke this shows that wallets holding between $100,000 and $1 million have plummeted to 1,059 addresses. It emphasizes that for wallets with SHIBs worth between $1 million and $10 million, ITB only has 880.25 addresses remaining. This means that all addresses in SHIB, which exceed $1 million, have a total balance of $2.8 billion.
Earlier this week, 75 addresses held exactly $10 million worth of shiv tokens, with the total network exceeding $13 billion. However, at the time of writing, it has dropped to 74 with a $116.9 billion network. This incredible amount of addresses Shiv Token These investors, often called whales, tend to affect the market when they make big moves.
Furthermore, addresses for this number of selections Controls the supply of large amounts of Shiba Inu. It’s not even close to half the total supply of memecoin, but it’s still a pretty stash that could have an impact Market dynamics.
Recent decline Shiba Inu millionaires This is reflected in past ITB data. Just two weeks ago, it held 93 addresses and over $10 million in shiv tokens, exceeding its current count. Additionally, it holds SHIBs worth between $1 million and $10 million compared to the current 880.25 addresses that hold the same amount.
This significant decline in the number of Shiba inu billionaires, both in high and value SHIB holdings, suggests a change in the market, with owners selling shares held and selling positions to exit It may be. The decline is also due to recent Shiba inu price crash Continuous volatility.
Shiba Inu Price tries to recover
At the time of pressing, the Shiba Inu price is trading at $0.0000165. Despite experiencing a massive market decline, prices have been pushed down by more than 20% Shiba inu is resilientattempts to break through the bearish trend to begin recovery.
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Over the past week, Shiba Inu has grown by more than 9.8%, reflecting profits of almost half of its 22% loss last month. Based on CoinMarketCap data, Meme Coin is still green, recording a 1% increase. but, Siv’s trading volume It remains relatively low, marking a 41% decrease.
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