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Shiba Inu investors holding between 10 million and 100 million tokens could see their holdings reach much higher values if SHIB only claimed a $30 billion market cap.
The crypto market is currently witnessing the second phase of the ongoing bull run, and Shiba Inu has leveraged the bullish phase to record substantial gains. As the uptrend prevailed, SHIB eventually crossed the much-coveted $0.00002 territory on Nov. 9.
Smaller Wallets Accumulating SHIB Amid Rebound
With Shiba Inu up 49.01% over the past week, smaller investors are returning to the market amid a period of FOMO. Data from IntoTheBlock suggests that this group of investors, especially those holding less than 100 million SHIB, has been accumulating more tokens.
Per the data, wallets holding between 10 million and 100 million Shiba Inu tokens currently amount to 302,660, representing 22.07% of total addresses. Notably, these addresses now hold a whopping 9.46 trillion SHIB tokens, about 0.95% of the total Shiba Inu supply.
Should these investors hold onto their tokens, their holdings could skyrocket if Shiba Inu reaches certain price milestones. For instance, most recently, market analyst Alex Clay suggested that SHIB could be looking to claim $0.00005685 as its next target.
Interestingly, this price level would bring Shiba Inu’s market valuation to value it has not attained in over three years. For context, a $0.00005 price would bring SHIB’s market cap to about $30 billion. The last time the meme coin’s market cap saw this level was in mid-November 2021.
The fact that Shiba Inu had attained this valuation in the past confirms the feasibility of the price target. Specifically, a $30 billion valuation translates to a price of $0.00005091 per SHIB. At this value, investors with 10 million to 100 million tokens could witness a rise in their investments.
Worth of 10M, 50M, 100M Shiba Inu at $30B Market Cap
Those holding 10 million tokens are currently sitting at $263 worth of tokens, as SHIB trades for $0.00002630. This value confirms that prospective investors could amass these tokens at a lower price. Notably, if Shiba Inu spikes to the $0.00005091 level, this holding would increase to $509.1, a 93% ROI.
Further, investors with 50 million SHIB tokens currently hold $1,315 worth of the crypto asset. A price rally to $0.00005091 would bring the value of these tokens to $2,545. This would mark an addition of $1,230 if SHIB’s market cap hit $30 billion.
Meanwhile, holders of 100 million Shiba Inu, currently worth $2,630, would witness more substantial gains should the $30 billion market cap materialize. At this position, these holdings would rise to $5,091, translating to a yield of about $2,461.