Post
taishiro
SHIB is getting closer to 1.7M Ethereum holding addresses, but the market hasn't shown the same enthusiasm.
Five days after my initial observation, price action remains weak, with SHIB struggling to build a meaningful recovery despite the broader market rebound.
The supply distribution is still an important part of this picture. The top 100 wallets reportedly hold over 83% of the supply, meaning the headline holder count doesn't necessarily reflect broad ownership.
taishiro
SHIB is approaching 1.7M Ethereum holders, but the ownership distribution deserves more attention than the milestone itself.
According to current CryptoRank data, $SHIB has approximately 1.696M holding addresses on Ethereum.
There's another side to that number, though.
The top 100 addresses control approximately 83.29% of the total supply, while the top 5 alone account for roughly 57.7%.
That is a significant concentration of supply.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$73,078.3+0.00%
ETH/USDTEthereum
$2,025.83+0.00%
SOL/USDTSolana
$82.32+0.00%
Today’s market buzz
1#BTC fell below $75,000 before the US October CPI release
2#AI stocks pull back: UBS says position reset, Bank of England warns of crash risk
3#Trump says the possibility of a large-scale strike on Iran is low, oil prices plummet
