Shiba Inu Billionaires: A Growing Phenomenon in the Crypto World

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CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2024/04/12/shiba-inu-billionaires-a-growing-phenomenon-in-the-crypto-world/ on 2024-04-12. Article ID: SD3295Te8ed4dae. Author: Saha Swatilakha. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2024/04/12/shiba-inu-billionaires-a-growing-phenomenon-in-the-crypto-world/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

In a recent turn of events, Shiba Inu has once again solidified its position as a favorite among crypto enthusiasts, boasting over 12,000 addresses holding at least 1 billion SHIB tokens despite recent market challenges. The crypto market has been experiencing turbulenсe, with Bitcoin’s upcoming halving and price corrections often affecting various assets, including Shiba Inu. Despite this, investor confidence in SHIB remains unwavering.

According to data from IntoTheBlock, these 12,176 addresses, collectively hold a staggering $15.32 billion worth of SHIB. Notably, most of these addresses, over 9,040, hold between 1 billion and 10 billion SHIB, with a cumulative balance of 20.38 trillion SHIB. Investors with holdings ranging from 10 billion to 100 billion SHIB possess $1.53 billion worth of Shiba Inu, spread across 1,450 addresses.

What sets Shiba Inu apart is the presence of addresses holding between 100 billion and 1 trillion SHIB, totaling $4.8 billion, and a select few addresses with holdings between 1 trillion and 100 trillion SHIB, amounting to $4.51 billion. This distribution highlights the optimism and anticipation among large SHIB holders for substantial price increases.

As projections suggest a potential surge in Shiba Inu’s value to $0.0001, the data also reveals that the majority of SHIB investors are long-term holders, with over 1 million addresses hodling the asset for more than a year. This trend showcases the enduring appeal and confidence in Shiba Inu’s future growth and the confidence among shark and whale addresses, with investors patiently anticipating significant price surges.

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SAHA

Saha is a cryptocurrency journalist specializing in blockchain technology and digital finance.

Saha holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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