This group represents largest category among holders
According to data from IntoTheBlock, more Shiba Inu millionaire holders are emerging. The Holdings Distribution Matrix indicator, which shows a breakdown of the different groups of addresses according to the balance they hold, shows that over 497,000, or 42.58% of the total addresses, are in the range of 1 to 10 million SHIB.
This group represents the largest category among holders, with those owning 10-100 million SHIB (26.36%) and those holding 0-1 million SHIB (23.15%) following closely.
Altogether, Shiba Inu addresses range from 1 to 100 million SHIB making up 68.94% of the total holder number, or 805,210 addresses.
According to WhaleStats, the Shiba Inu holder count is given as 1,208,838. This suggests the impact of these Shiba Inu millionaire holders on the market.
IntoTheBlock’s Address By Holdings indicator is used to understand how holders of each cryptocurrency, large or small, are doing by increasing or decreasing their balance over time. Using this, addresses with 100 billion to 1 trillion Shiba Inu tokens increased their balance by 3.48%. Meanwhile, addresses holding 0 to 1 million SHIB and those holding 100 million to 1 billion SHIB have demonstrated growth of 2.20% and 2.37% over the past 30 days.
Large Shiba Inu holder transaction activity reaches monthly highs
In the last 24 hours, WhaleStats’ Shiba Inu transaction chart of the top 100 holders saw the highest transfer amount (54,859,350) recorded since early July, with transfer counts numbering 111, which is the highest in more than a month.
The Shiba Inu topped the market on August 14, rising almost 40% from a low of $0.0000126. Although the price action has calmed down, SHIB is down 8.42% over the past 24 hours at $0.0000148. However, the meme cryptocurrency is up 18.51% on the weekly, outperforming the top 20.
On-chain analytics firm Santiment noted a run-up in whale activity leading to Shiba Inu’s latest price rise: “Shiba Inu has been on the move this weekend, and is up +34% in the past 24 hours while #crypto has been fairly flat. Not so coincidentally, whales have been very active on $SHIB. There have been 433 transactions valued at $100k+, the most in 4 months.”
