100 People Holding 10K BONE is Better Than 1 Person Holding 1M BONE

A Shiba Inu representative advocates for democratic token distribution in crypto for community empowerment.

In a recent tweet, Lucie, a Shiba Inu content specialist, expressed her perspective on the crypto market. She emphasized her preference for a more decentralized distribution of tokens as opposed to concentration in a few hands.

Lucie claimed to be unimpressed by individual entities accumulating Shiba Inu ecosystem tokens en masse. She said she would rather have more people hold Shiba Inu-themed digital assets than one person amassing a million units. 

Specifically, Lucie remarked, 

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“I don’t mind when whales sell because I’d rather see 100 people holding 10,000 Bone each than 1 person holding 1 million BONE.”

I don’t mind when whales sell because I’d rather see 100 people holding 10,000 $Bone each than 1 person holding 1 million $BONE.

Power to the people. Power to #SHIBARMY.

But, of course, whales are also part of the game.

It’s the balance of power, positive momentum, and good…

— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 13, 2023

Power to SHIBARMY

Furthermore, Lucie expressed that a democratic token distribution system gives the community more authority. She spotlighted the SHIB Army and the power it represents. 

Meanwhile, Lucie acknowledged the role of large token holders, whales, in the crypto ecosystem. She noted that they are a natural part of the system. Yet, she stressed the importance of balancing power within the crypto market as a few concentrated hands could potentially pull adverse movement.

BONE Holders

Notably, official records show that there are 91,580 BONE token holders. As The Crypto Basic reported, BONE holders surpassed 90k following the launch of Shibarium. Additionally, the report highlighted that 68% of the wallets holding BONE are in money.

Also, Lucie mentioned that digital assets grow in value with democratic distribution, positive momentum, and well-timed actions. CoinMarketCap data shows BONE at $0.8294, with a double-digit decline in the past week.

While the Shiba Inu representative cited her example using BONE, she clarified that her sentiment encompasses other Shiba Inu tokens, including SHIB and LEASH. She believes that regardless of the specific token, the market dynamics still rely on the intersection of power, momentum, and timing.