Shiba Inu price recovery boosts the number of millionaires holding SHIB, with significant gains seen in whale portfolios.
Shiba Inu is recovering quickly from the recent downturn that almost added a zero to the coin’s value. As of press time, Shiba Inu is up 3% today, trading at $0.00001632. Today’s uptrend has improved SHIB’s weekly performance, which is now in the green.
While SHIB remains down significantly by 24% on the monthly chart, the holdings of whales and retail investors are gradually improving.
Shiba Inu Millionaires at Current Price
Notably, at its current price of $0.00001632, Shiba Inu millionaires hold at least a portfolio of 62 billion SHIB tokens. According to data from the analysis platform IntoTheBlock, 1,580 wallets currently hold between $100,000 and $1 million in SHIB. Cumulatively, these SHIB holders control a collective net worth of over $600 million.
Meanwhile, those with a portfolio worth $1 million to $10 million in Shiba Inu now number 880 addresses. Remarkably, these holders command a massive portfolio collectively worth over $3 billion.
For those holding above $10 million, IntoTheBlock shows just 75 addresses in this category. Interestingly, despite their smaller number, their collective worth exceeds $13 billion.
Shiba Holders chart | IntoTheBlock
Notably, as of two weeks ago, the number of addresses in this millionaire threshold was slightly higher. For instance, those holding $1 million to $10 million numbered 905 wallets, while those above this range totaled 93 addresses.
The reduction follows Shiba Inu’s price dip to $0.0000123 in the first week of February, with holders cutting their losses by selling some of their holdings. Nonetheless, with Shiba Inu’s price rebounding by over 32% from its low, whales’ holdings are gradually improving.
Wallets with 1 Million SHIB Holdings
On the retail side, those holding 1 million to 10 million SHIB tokens now number over 572,000 addresses. However, in dollar terms, these 572,000 wallets hold an average of only $16 to $162 in SHIB.
Meanwhile, about 494,000 wallets hold fewer than 1 million SHIB tokens. This large pool of SHIB wallets (0 to 10 million) cumulatively possesses 2.14 trillion tokens worth $37 million.
The third-largest tier of SHIB wallets is those holding between 10 million and 100 million tokens. IntoTheBlock data shows 303,000 addresses in this range, collectively holding $159 million worth of SHIB.
Ultimately, these statistics show that only a handful of addresses fall within the millionaire threshold. Despite their density, the overwhelming majority make up a smaller fraction of the Shiba Inu holder spectrum.
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