Shiba Inu has nearly 1.68 million holders, but only 703 whales (addresses holding over $100,000 each) control 94.5% of the total supply, representing just 0.04% of all holders. The SHIB price currently trades around $0.000004235, down 72% year-over-year. Some analysts forecast an upcoming rebound due to prolonged consolidation and a decline in tokens held on exchanges to a five-year low. Others, however, warn of a 91% match with the 2023 bearish pattern, which could trigger an additional 20% drop to the $0.0000032-$0.0000033 range.
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