- Shiba Inu’s top ten wallets hold 62% of the total supply.
- The centralization raises concerns about price volatility.
- No public statement from SHIB leaders on concentration risks.
Shiba Inu’s supply is highly centralized with 62% held by ten wallets, as monitored by on-chain analytics in July 2025.
This concentration presents a risk of volatility and manipulation, prompting market speculation without addressing concerns.

Shiba Inu’s Top 10 Wallets Dominate 62% Supply
Shiba Inu’s top 10 wallets control 62% of the token supply, compared to ETH’s 46%. This level of centralization is uncommon among major cryptocurrencies.
The anonymity of Shiba Inu’s founders persists, with no official comments on this centralization. Market participants are aware of potential risks due to the concentration.
Price Manipulation Concerns Loom Amid Whale Holdings
Market analysts warn of the elevated threat of price manipulation due to centralized holdings. The crypto community is concerned, but no leadership communication is evident.
Price volatility is expected as whale movements influence the market. There’s anxiety over an abrupt market impact should these holders decide to trade their large shares.
Historical Whale Trends Indicate Market Volatility Risks
Historically, whale-dominated assets have experienced significant price fluctuations. Similar situations in early crypto markets illustrated the fragility of such ecosystems.
“Such centralization increases tail risks and price shock potential.” – Santiment, On-chain Analytics Provider
Should these conditions persist, analysts suggest potential market instability , similar to past events with moon-shot tokens, impacting meme coin investments broadly.