{"id":44638,"date":"2025-02-14T17:00:48","date_gmt":"2025-02-14T17:00:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44638"},"modified":"2025-02-14T17:00:48","modified_gmt":"2025-02-14T17:00:48","slug":"shiba-inu-millionaire-numbers-fall-below-1000-after-market-crash-how-much-do-they-control","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44638","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<\/a>. 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<\/a>.\u00a0<\/p>\n

The recent decline in Shiba Inu millionaires<\/a> 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>","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":0,"featured_media":44639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44638"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44638"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/44639"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}