The influence of large investors in the Memecoin market becomes increasingly more and more prominent. According to the last chain data of the centimeter, the largest 10 SHIB wallet holds 61.3 percent of the total supply. This shows that the price of SHIB can fluctuate depending on the purchase and sale decisions of a small number of large investors.
Effect of Large Investors in the Memecoin market
According to centimeter data, a total of 613 trillion shibs are only in 10 large wallets. If these investors decide to sell SHIB, there may be a harsh wave of sales in the market. On the other hand, the fact that these whales continue to keep or increase their purchases may provide stability in the price of SHIB.
While the movements of these great owners are closely monitored in the market, the price of SHIB is shaped directly with these decisions. For small investors, this may mean both risk and opportunity. While the purchase of large owners can increase the price, the sales wave can lead to harsh decreases.
Dead wallets and market dynamics
Most of the Shıb supply has been changed due to the great burning process of Vitalik Butein. Butter, 90 percent of the SHIBs he possessed, reduced the total supply and donated the rest.
With this burning process, the wallet called “0xdead“ is currently 410 trillion shibs. If this wallet is taken into account, the total presence of the largest 10 SHIB owner reaches the level of 613 trillion SHIB.
SHIB Ownership and Mysterious Wallets
Shıb’s biggest owners include large stock exchanges such as Upbit, Binance, Robinhood, Crypto.com, Bithumb and OKX. However, the “0x2D7A” address, an unknown wallet, attracts attention by holding a 5 trillion shib.
There are five different addresses that this wallet has financed and has not been trading for three years. However, the 30 trillion Shıb’s identity at unknown addresses creates many questions about the ownership structure in the Shiba Inu ecosystem. With the disappearance of Ryoshi, the management of the project has been transferred to the community, but the influence of major investors continues to be decisive.
