Shiba Inu (SHIB), a widely held cryptocurrency, is facing scrutiny over the concentration of its holdings. The top five non-exchange holders control 7% of SHIB tokens, with the largest holding valued at $426 million. Additionally, the ‘Null’ wallet holds 41% of SHIB supply, while major exchanges like Binance and Robinhood are significant SHIB holders. These factors raise questions about decentralization and market influence.
read more