& nbsp & nbsp
The concerns emerged on the distribution of Shiba Inu (SCH) tokens after analysts revealed that several portfolios have a significant part of its supply.
Friday, the Crypto Santiment Analysis Company reported that the 10 best SHIB portfolios collectively hold 61.3% of the total offer. In comparison, the 10 best portfolios in Ethereum hold 46.1% of its diet, while ChainLink and Toncoin have even lower concentrations at 33.1% and 32.8%, respectively.
In particular, depending on the company, such a high concentration for SHIB raises fears of manipulation and price volatility.
“When the 10 best portfolios contain a large part of the total supply of a cryptocurrency, such as Shiba Inu 61%, this means that a small number of holders have a significant market control. If these portfolios decide to sell, this can cause net price reductions, creating greater risks for small investors. »» The company tweeted.
On the other hand, cryptocurrencies with a more uniformly distributed property are considered to be more stable, because they are less sensitive to market manipulation by some major players.
& nbspHowever, a more in -depth examination of the nature of these portfolios reveals that the situation may not be as worrying as initially fearing. While the figures suggest that a small number of entities controls the Shib offer, the company noted that many of these upper portfolios do not belong to investors or individual whales, but are controlled by exchanges and the Burn wallet.
In particular, the official Burn portfolio is the largest SHIB portfolio, which holds 41% of the total supply. These tokens have been permanently removed from traffic, which means that they cannot be sold or reintroduced on the market. This considerably reduces concerns about the potential sales of this particular address.
The second largest portfolio, containing 44.72 Billions of Shib, belongs to the Upbit of South Korean exchange. Likewise, Binance contains 44.19 Billions of Shib as the third portfolio, while Robinhood controls the fourth largest with 39.27 Billions of Shib.
Other major exchanges such as Crypto.com, OKX and Bitgo also hold substantial amounts. Since these exchanges hold Shib in the name of millions of retail investors rather than for personal investments, the probability of coordinated price manipulation is much lower than the initial perception.
It is also important to note that these entities, in particular robination, continued to accumulate shib, signaling an increasing interest in the memes piece. According to Santiment, such purchases indicate confidence in the future of memes pieces.
“If these major holders continue to hold or accumulate, this generally signals confidence in the project and can really reward traders who collectively hold less power and count more heavily on the behavior of some major key stakeholders.” Santly wrote.
SHIB exchanged $ 0.0000,1569 at the time of the press, reflecting an increase of 1.10% in the last 24 hours.