Whale of a Tale! 🐳 SHIB Controlled?

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Well, I’ll be hornswoggled! Seems like them long-term Shiba Inu (SHIB) fellers done hoarded more than 80% of all the SHIB there is, accordin’ to what them folks at IntoTheBlock are sayin’. That’s a heap of doggone coins, I tell ya! Shows they got faith, even when the market’s lookin’ like a Mississippi mud puddle.

As IntoTheBlock put it in one of them fancy “tweets,” and I reckon they know what they’re talkin’ about: “Long-term $SHIB holders collectively own more than 80% of the total supply. This indicates that even amid challenges in the memecoin market, many $SHIB holders remain optimistic.”

Long-term $SHIB holders collectively own more than 80% of the total supply.

This indicates that even amid challenges in the memecoin market, many $SHIB holders remain optimistic.

— IntoTheBlock (@intotheblock) April 2, 2025

Even when the whole crypto caboodle’s shakin’ like a hound dog passin’ a peach pit, these SHIB folks are stickin’ to their guns. Them long-term holders – folks holdin’ onto their SHIB for over a year – now make up 77% of all Shiba Inu addresses. That’s more loyal than a ol’ hound dog! 🐕

Now get this, Shiba Inu’s got a higher percentage of these here long-term holders than even the big boys like Bitcoin and Ethereum. Why, they’re only behind Litecoin (LTC) and Chainlink. Who’d a thunk it? 🤷‍♂️

But hold your horses! There’s a catch. Seems like these “whales,” as they call ’em – folks holdin’ a whole heap of SHIB – control a mighty 74% of the shebang.

IntoTheBlock’s fancy “concentration by large holders” thingamajig shows that these whales (holdin’ more than 1% of the supply) and investors (holdin’ 0.1% to 1%) got a death grip on the SHIB market. That’s like one feller ownin’ all the watermelons at the county fair! 🍉

Crypto market faces uncertainty

Bitcoin and them other cryptocurrencies done took a tumble, showin’ just how uncertain things are. All this wigglin’ and wagglin’ cost both the bulls and the bears somethin’ fierce, with crypto futures losin’ $505 million in the blink of an eye.

CoinGlass says that amounted to more than $290 million lost by them bullish fellers and $215 million by them bearish ones. BTC-tracked futures saw near $176 million in long and short liquidations, followed by ETH futures at $90.62 million and other smaller altcoins at $62.22 million.

Shiba Inu, poor feller, traded in the red as a result, down 2.26% in the last 24 hours to $0.000012 and 17% weekly. 

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2025-04-03 15:02