The five whale addresses now control a staggering 57% of the total supply, or 565 trillion Gray tokens, which is an interesting development in chain dynamics Shiba Inu. Given such a large concentration of funds in the hands of a small portion of investors, this raises questions ahead of potential market volatility.

The separation between high-activity addresses and low-activity addresses is quite clear in a Gray distribution, with one highly active portfolio containing 41.7% of the total supply. Understanding potential short-term price movements depends on the activity of these portfolios, although this centralization may increase the risk of market volatility.

In addition, recent on-chain data indicates that outflows to large holders have declined significantly, falling by 31% over the past seven days. This decline may indicate that there is less pressure on whales to sell, which would be beneficial for price stability. But as SHIB approached the 200 EMA support near $0.00002079, inflows rose 53%, indicating accumulation by larger players.

This ambiguity is reflected in the technical chart. since Gray The 50 and 100 EMA have broken below both the 50 and 100 EMA, and the 200 EMA is now the next crucial support level. Bulls still have difficulty reclaiming resistance at $0.00002250 and $0.00002325, while failure to hold here could push prices towards $0.00001900. The recent inflows may indicate increased interest from strategic investors looking to profit from lower prices despite the downward trend.

SHIB is particularly vulnerable to large-scale transactions due to these central holdings, meaning that any sudden movement of whales could dramatically change market dynamics. In the coming days, the support level at $0.00002079 is perhaps the most important threshold to watch. A prolonged defense of this area combined with continued flows could pave the way for a return. However, given the market's reliance on a small number of portfolios, caution is advised as volatility may return quickly.