Shiba Inu Surges: Assessing Top Holders and Distribution
Shiba Inu (SHIB) recently reached a monthly high of $0.00002874, signaling a potential resurgence for this meme cryptocurrency. It remains the second most popular meme coin after Dogecoin, with strong community support.
Despite recent market setbacks, Shiba Inu has maintained a growing number of holders, reflecting increased demand. Over the past year, the number of Shiba Inu holders has risen from 1,309,128 to 1,394,440, demonstrating its enduring appeal.
Top 10 Shiba Inu Holders
According to CoinCarp data, approximately 60% of the total SHIB supply is held by the top 10 holders. Additionally, the top 50 addresses collectively hold 71.83% of the circulating supply. Notably, the top 100 holders account for 74.97% of the SHIB supply.
Interestingly, the top 10 holders' percentage has decreased over the past year. In 2022, they held 61.2% of the supply, which has since reduced to 60.41%. This suggests a gradual distribution of SHIB ownership among a wider investor base.