In past week, large holders of Shiba Inu have amassed roughly $100 million in the cryptocurrency, data from analytics firm IntoTheBlock reveals
and the large-scale buying by significant holders — could prove to be massive catalysts for future price action, capturing the attention of both retail and institutional investors.Data regarding ownership concentration shows that 11 whales hold a staggering 62.48% of the total SHIB supply, which translates to 613.85 trillion . On the other side of the spectrum, a broader pool of 48 investors holds about 14.83%, or 145.69 trillion SHIB.
A handful of investors have a significant say in the asset's direction, and it leaves the meme coin vulnerable to massive sell-offs should these Over the past week, large holder inflow has skyrocketed by 1,512.63%, though it is worth noting that the 30-day change has seen a dip of 10.08%.
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