Etherscan, a prominent blockchain explorer, has recently released data unveiling the top 50 wallets with the most substantial holdings of Shiba Inu tokens. This list encompasses significant entities such as major trading platforms and individual whales, among others. These wallets collectively possess trillions of SHIB tokens, amounting to millions of dollars in value.
Notably, the top 50 wallets command nearly 40% of the total circulating supply of Shiba Inu, leaving the remaining tokens in the hands of ordinary investors. This article will shed light on the identities of the major holders and delve into who possesses the largest quantities of Shiba Inu tokens.
Shiba Inu Token Showcase
According to the latest data from Etherscan, the ‘Null’ wallet, serving as the dead wallet for burned and removed SHIB tokens, possesses 41% of the total SHIB supply, valued at $3.95 billion. Although the ‘Null’ wallet is ownerless, its role in removing tokens from circulation contributes to the scarcity of SHIB.
Among the major holders, the Binance cryptocurrency exchange owns several wallets containing trillions of SHIB. Specifically, Binance controls three significant wallets, each holding SHIB tokens worth $765,852,247 ($765 million). The top 50 Shiba Inu holders collectively represent a substantial portion of the token’s ownership.
Notably, Robinhood, the popular exchange, holds an impressive 27 trillion SHIB tokens, valued at $258 million, securing its position as the fifth largest SHIB holder. Additionally, the OKX exchange ranks as the seventh largest SHIB holder, possessing 10.7 trillion SHIB worth $107 million. Crypto.com claims the 16th spot with ownership of 7.3 trillion SHIB, equivalent to $70.5 million. KuCoin and Kraken hold $31.4 million and $29.5 million worth of SHIB, respectively.