Shiba Inu Supply Concentration Exposes Market Risks

The concentration of Shiba Inu's (SHIB) supply is a significant concern for its risk profile. According to recent data, approximately 707 large wallets control close to 94.49% of SHIB's circulating supply as of July 2026.

This level of concentration places SHIB in an extreme position within the spectrum of high-market-capitalization digital assets.

The top ten largest wallets collectively hold 61.3% of the entire circulating supply, and a subset of five primary addresses aggregates approximately 57% of the total tokens.

The analysis reveals that a cluster of wallets has maintained its position unchanged since 2020, accumulating approximately 103 trillion SHIB, which constitutes 8.51% of the total issuance.