Shiba Inu Whale Supply Concentration Triggers Potential Price Surge

Shiba Inu's (SHIB) whale-held supply could lead to a significant price surge, according to Pluang. The cryptocurrency has 94.5% of its circulating supply controlled by just 707 large wallets, creating a liquidity shortage on exchanges.

This concentration may trigger a sharp price rebound, potentially boosting SHIB's market cap by 39% to around $3.5 billion.

Such a rise could push SHIB from 31st to within the top 25 cryptocurrencies by market capitalization, overtaking several major coins.