What is the current distribution of Shiba coins?

3 answers

• Heath BankMar 07, 2022 · 4 years ago
  Shiba coins, also known as SHIB, are a decentralized cryptocurrency that was inspired by the Dogecoin. As of now, the current distribution of Shiba coins is quite widespread. There are approximately 500 trillion Shiba coins in circulation. However, it's important to note that the majority of these coins are held by a small number of addresses. The top holders, often referred to as 'whales', own a significant portion of the total supply. This concentration of coins in a few hands can potentially impact the market and price movements.
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• Calvin MauldinSep 11, 2023 · 2 years ago
  The current distribution of Shiba coins is quite interesting. While there are a massive number of coins in circulation, the majority of them are held by a small number of addresses. This means that a few individuals or entities have a significant influence over the market. It's important to keep an eye on the movements of these 'whales' as their actions can have a substantial impact on the price and overall market sentiment.
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• Fahim HasanSep 09, 2025 · 2 months ago
  BYDFi, a popular decentralized exchange, has been actively involved in the trading and distribution of Shiba coins. They have played a significant role in providing liquidity and facilitating the trading of SHIB tokens. However, it's important to note that the current distribution of Shiba coins is not solely controlled by BYDFi. There are various other exchanges and individual holders who contribute to the overall distribution of these coins. It's always recommended to do thorough research and consider multiple factors before making any investment decisions.
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