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SHIB A small number of large households have high control over the market, and the supply concentration of Shiba Inu Coin (SHIB) is alarming.
The latest data shows that only 764 wallets control 94.64% of the total market value of Shiba Inu Coin (SHIB), showing that a group of large investors maintain overwhelming control over the supply of the token. According to recent information from Etherscan, the leading browser and analytics platform for the Ethereum blockchain that monitors transaction and network statistics in real time, including token movements and wallet activity, trading activity has surged significantly as the SHIB price approaches the key psychological threshold of $0.0000500.
Large households and retail investors follow up
On July 31, Whale Wallet conducted a large-scale collaborative operation and transferred 5.59 trillion SHIBs through 5057 transactions. The average size of these large transfers reached 1.1 billion SHIBs each, reflecting significant position adjustments among major holders. A day later, activity turned to retail investors. The number of SHIB transactions increased by 68.75% to 8517, but the cumulative transaction volume dropped to 4.08 trillion SHIBs, and the average size of each transaction shrank to 470 million SHIBs. Analysts believe this model suggests that large households first redistribute, and then retail investors respond with more but smaller transactions.
Tabular data: On July 31, the number of transactions (whale) was 5057, and the total number of transactions moved was 5.59 trillion, with an average of 1.1 billion per transaction; on August 1, the number of transactions (retail investors) was 8517, and the total number of transactions moved was 4.08 trillion, with an average of 470 million per transaction.
Despite the increase in the number of transactions, the data still highlights the concentration of SHIB supply. The top five holders alone accounted for US$2.76 billion of the total market value of US$4.8 billion. At the same time, 85.54% of wallets (mainly retail investors and small holders) together hold only 0.42% of supply. Therefore, the price trend of SHIB depends largely on the movements of this concentrated group.
Price consolidation and key scenarios
Entering August, the SHIB trading price is approximately US$0.0000497, up 3.26% in the past 24 hours. The 14th Relative Strength Index (RSI) is currently at 62.16, indicating that momentum continues, but there is still room to enter overbought territory. At this point, with activity gathering around $0.0000500, analysts pointed to two main scenarios for SHIB. Neither scenario is seen as clearly bullish or bearish, but depends on the behavior of large households and the reactions of retail participants. In a breakout scenario, a daily close above $0.0000500 could trigger dormant buy orders and create an opportunity for SHIB to retest the May high near $0.0000600. Another scenario is that if the whale takes advantage of the recent volume increase to take profits by sending SHIB to the exchange, the $0.0000500 mark could become resistance and push the price back to the support level of $0.0000440.
Only 0.05% of SHIB wallets (i.e., 764 whale addresses) hold 94.64% of the token supply, while most individual investors collectively control only 0.42%. Results in the coming days will depend on whether these large players choose to maintain momentum and encourage retail investors to increase their activity, or take advantage of the high trading volume after the 8% increase in SHIB since last Friday as a favorable condition to exit positions.
