Shocking Revelation: Top 10 Addresses Hold an Astounding Amount of Shiba Inu Cryptocurrency Reserves

In a recent update, the crypto analytics platform Santiment has shared an interesting insight about the Shiba Inu (SHIB) token. According to the report, a significant portion of the Shiba Inu supply is controlled by a small number of large wallets.

The top two wallets, believed to be related to decentralized exchanges, hold a substantial portion of the Shiba Inu supply. Binance Hot Wallet 20 contains 30.71 trillion SHIB, or 3.07% of the total supply, while another Binance address, Binance 28, holds 19.51 trillion SHIB, equal to 1.95%.

Robinhood and Crypto.com also feature on the list, with Robinhood currently holding 39.27 trillion SHIB, representing 3.92% of the total supply, and Crypto.com's wallet holding 29.83 trillion SHIB, which accounts for 2.98% of the supply.

The official Shiba Inu burn address, created by Ethereum co-founder Vitalik Buterin, is the largest single holder in the Shiba Inu ecosystem, containing 410.43 trillion SHIB. However, another large wallet, not associated with the burn address, holds about 53.37 trillion SHiba Inu tokens, equal to 5.33% of the total supply.

Other large wallets on the list include one with 12.04 trillion SHIB (1.2% of the total), another with 11.41 trillion tokens (1.14%), a separate wallet with 9.04 trillion SHIB (0.9%), and the tenth-largest holder with approximately 7.65 trillion tokens (0.76%).

This concentration of Shiba Inu supply in the hands of the top 10 wallets is striking. Out of Shiba Inu's original one quadrillion tokens, 62.3% are now controlled by only ten addresses, according to the Santiment report.

While the operators of the top 10 Shiba Inu token wallets are not explicitly identified in the available search results, the Shiba Inu project is known to be community-driven, with platforms like ShibaSwap playing a significant role.

Public blockchain data available on Etherscan offers an even closer look at these leading Shiba Inu addresses. Despite this, the identity of the individuals or entities controlling these large wallets remains unknown, adding a layer of mystery to the Shiba Inu ecosystem.

Shocking Revelation: Top 10 Addresses Hold an Astounding Amount of Shiba Inu Cryptocurrency Reserves