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The well-known transaction tracker WhaleStats has published data according to which 10% of the total supply of Shiba Inu cryptocurrency (SHIB) is concentrated in the hands of large holders. The experts analyzed 2 thousand wallets of the leading Ethereum whales and found out that in addition to stablecoins and Ethereum itself, market participants own a large amount of a virtual asset dedicated to my Shiba Inu and my dog.
Their wallet balances hold just over 1/10th of the total supply, worth about $660 million. The market capitalization of the cryptocurrency itself was $6.59 billion as of 16:20 Moscow time on August 7, 2022. Many users were wary of such statistics. They said: the project is too decentralized. In their opinion, it is very dangerous when such a percentage of assets is owned by a small group of people. This can lead to market manipulation.
Many also pointed out that the total holdings of whales in SHIB tokens significantly exceed those of Decentraland (MANA), Chainlink (LINK) and Polygon (MATIC) cryptocurrencies.
Market experts said: the Shiba Inu project continues to develop. Not so long ago, the startup team celebrated its second anniversary. Also last week, the developers revealed details about the long-awaited new blockchain game Shiba Eternity, which will be released with the help of specialists from PlaySide Studios. In addition, Binance has added SHIB to the list of currencies that can be used to pay with Binance Card.
Earlier, the Crypto.ru editors reported that the Binance platform has integrated the Bone ShibaSwap (BONE) rate tracking function, which is the Shiba Inu ecosystem management token, into the BNB CHAIN. The BONE virtual asset is planned to be used as a native token in the SHIB Layer 2 scaling solution for paying commissions.
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