The blockchain analysis company, Santiment, has recently raised concerns about the distribution of Shiba Inu tokens, but there is more in history.
The company stressed that the 10 best portfolios an amazing 61.3% of The total shib offer. This concentration level Can increase price volatility because some major holders can influence the market by buying or selling large amounts.
However, the situation is not as alarming as it appears for the first time. A more in -depth look in these wallets reveals an important detail that Santiment did not mention.
Santiment: Risk of high concentration signals
In particular, shamefully health noted That when a small number of portfolios control a large part of the supply of a cryptographic asset, market risks increase. If these portfolios decide to sell, this could lead to a high price drop, harming small investors.
Conversely, the analysis platform noted that if they continue to keep or accumulate, this could point out confidence in the project. Be that as it may, Santiment stressed that the higher the concentration, the more the active can become volatile.
More specifically, the company compared the distribution of SHIB to other cryptographic active ingredients. For example, The 10 best portfolios in Ethereum Hold 46.1% of its supply, while ChainLink and Toncoin have only 33.1% and 32.8%, respectively.
According to Santiment, these lower concentrations are healthier because they prevent a single entity from having too much control over price movements. A more decentralized supply structure is preferable, as it strengthens investor confidence and reduces the risk of manipulation.
WHO Really Has these Shiba Inu portfolios?
Although the figures suggest that a few whales dominate Shib, reality is different. Most of the first 10 portfolios do not belong to individual investors but rather for exchanges and the Burn portfolio.
The largest SHIB portfolio contains 410.4 bowls of tokens, representing 41% of the total offer. However, it is the Shiba Inu Burn portfolioThis means that these tokens are permanently removed from traffic. They will never do it to put back The market, which makes them unimportant for price volatility concerns.
The second largest portfolio contains 44.8 billions of salaries, but this portfolio belongs South Korean crypto exchange upbit. Since the exchange contains these assets in the name of its users, this does not indicate control of a single entity.
The reason continues with the next portfolios on the list. The third portfolio, containing 44.19 Billions of Shib, belongs to the Binance. The fourth portfolio, with 39.27 Billions of Shib, is a property of leading Robinhood trading platform.
Crypto.com Has the fifth largest portfolio, which contains 33.29 Billions of Shib. The five remaining portfolios are also linked to exchanges, notably Binance, Robinhood, Bithumb, Okx and Bitgo.
This means that instead of individual whales controling these operations, most of the shib in these upper portfolios is In fact Distribute millions of users who exchange on these platforms.
Interestingly, the first portfolios that seem to belong to individual holders are ranked between 13 and 18th. Each of these portfolios contains 5 Billions of Shib, and they acquired the tokens between March and November 2021. Their owner remains unknown, and none of these portfolios has moved their funds since 2021.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.