{"id":2954,"date":"2025-02-15T05:11:10","date_gmt":"2025-02-15T05:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/shiba-inu-millionaire-numbers-fall-below-1000-after-market-crash-how-much-do-they-control\/"},"modified":"2025-02-15T05:11:10","modified_gmt":"2025-02-15T05:11:10","slug":"shiba-inu-millionaire-numbers-fall-below-1000-after-market-crash-how-much-do-they-control","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/shiba-inu-millionaire-numbers-fall-below-1000-after-market-crash-how-much-do-they-control\/","title":{"rendered":"Shiba Inu Millionaire Numbers Fall Below 1,000 After Market Crash, How Much Do They Control?"},"content":{"rendered":"

The number of Shiba Inu millionaires<\/a> continues to decline as the recent market crash puts a damper on holder\u2019s profits. Notably, on-chain data reveals that the total number of Shiba Inu millionaires has fallen below 1,000. However, they still control a significant portion of the meme coin\u2019s supply.\u00a0<\/p>\n

SHIBMillionaires Drop Below 1,000<\/h2>\n

Following a broader market crash<\/a> that significantly impacted meme coins like SHIB and DOGE<\/a>, new reports reveal that the number of Shiba Inu millionaires, with wallets between $100,000 and $10 million, has declined severely. IntoTheBlock, a blockchain analytics company, has reported<\/a> that the number of addresses holding $10,000 to $10 million worth of SHIB tokens has dropped to 2,470. These deep-pocketed token holders<\/a> collectively control over $3.5 billion worth of SHIB.\u00a0<\/p>\n

Breaking this down, ITB\u2019s data shows that wallets holding over $100,000 to $1 million have plummeted to 1,059 addresses. For wallets with $1 million to $10 million worth of SHIB, ITB highlights that only 880.25 addresses remain. This would mean that all addresses with over $1 million in SHIB have a total balance of $2.8 billion.\u00a0<\/p>\n

Earlier this week, 75 addresses held exactly or above $10 million worth of SHIB tokens, with a combined network surpassing $13 billion. However, at the time of writing, it has declined to 74, with a network of $11.69 billion. While the number of addresses for this staggering amount of SHIB tokens<\/a> may appear small, these investors, often called whales, tend to impact the market when they make significant moves.<\/p>\n

Moreover, this select number of addresses controls a large amount of Shiba Inu\u2019s supply. While it doesn\u2019t even come close to half of the meme coin\u2019s total supply, it is still a considerable stash that could impact its market dynamics.\u00a0<\/p>\n

The recent decline in Shiba Inu millionaires is reflected in past data from ITB. Just two weeks ago, 93 addresses, 19 more than the current count, held SHIB tokens valued at over $10 million. Furthermore, 905 wallets held between $1 million and $10 million worth of SHIB, compared to the current 880.25 addresses holding the same amount.\u00a0\u00a0<\/p>\n

This notable decrease in the number of Shiba Inu millionaires in both high-value and mid-value SHIB holdings suggests a shift in the market, with holders possibly selling their holdings and exiting positions. The decline is also attributed to the recent Shiba Inu price crash<\/a> and ongoing volatility.\u00a0<\/p>\n

Shiba Inu Price Attempts A Recovery<\/h2>\n

At press time, the price of Shiba Inu is trading at $0.0000165. Despite experiencing major market declines that pushed its price down by more than 20%, Shiba Inu remains resilient<\/a>, attempting to break through the bearish trend to initiate a recovery.<\/p>\n

Over the past week, Shiba Inu has increased by over 9.8%, reflecting gains of almost half its 22% loss in the last month. Based on CoinMarketCap\u2019s data, the meme coin is still in the green, recording a 1% increase. However, SHIB\u2019s trading volume<\/a> remains relatively low, marking a 41% decline.<\/p>\n

\"Shiba<\/p>\n","protected":false},"excerpt":{"rendered":"

The number of Shiba Inu millionaires continues to decline as the recent market crash puts a damper on holder\u2019s profits. Notably, on-chain data reveals that the total number of Shiba Inu millionaires has fallen below 1,000. However, they still control a significant portion of the meme coin\u2019s supply.\u00a0 SHIBMillionaires Drop Below 1,000 Following a broader…<\/p>\n","protected":false},"author":1,"featured_media":2955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[516],"tags":[1453,922,141,100,294,295,101,296,297,298,299],"class_list":["post-2954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-coinmarketcap","tag-intotheblock","tag-meme-coins","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=2954"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2955"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}