Shiba Inu Holders List Out; Check Out Top Contributors

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As an experienced analyst, I have closely observed the cryptocurrency market and its trends for several years. Shiba Inu’s recent surge to its month-high of $0.00002874 indicates a returning trend for this meme coin, which is next in line after Dogecoin for popularity and community support. However, over the past few days, Shiba Inu has been struggling in the market due to the overall downfall of the crypto market.

As a researcher studying the cryptocurrency market, I’ve observed that Shiba Inu reached its peak price of $0.00002874 earlier this month, signaling a potential resurgence for this digital asset. This coin currently ranks second in terms of popularity and community backing among meme coins, following closely behind Dogecoin.

Over the recent stretch, the crypto market has seen a slump, negatively impacting Shiba Inu’s value. Despite this market trend, there’s been a surge in the number of Shiba Inu investors, indicating growing interest in this meme coin. An uplifting statistic: In just one year, the community of Shiba Inu holders has expanded from 1,309,128 to 1,394,440 – a significant growth for a meme coin that peaked some time ago.

In this blog, let us discuss the top contributors holding the Shiba Inu token.

Top 10 Shiba Inu Holders Have 60% of Total SHIB

According to CoinCarp’s findings, approximately 1.39 million individual holders are in control of about 589 trillion Shiba Inu coins, representing 58.96% of the total supply. Among these top ten address holders, they account for 60.41% of the circulating coins. Furthermore, the top fifty addresses collectively possess an even larger portion, holding 71.83% of the Shiba Inu tokens. Notably, there is a minimal difference in ownership between the top hundred addresses, as they jointly manage 74.97% of the SHIB supply. Consequently, the significance of the top fifty addresses significantly outweighs that of the remaining holders.

It’s worth mentioning that the proportion of the top ten holders in the supply has diminished noticeably over time. A year ago, these top ten entities controlled approximately 61.2% of the total amount. However, their influence has now shrunk to 60.41%.

Shiba Inu Holders List Out; Check Out Top Contributors

Among all the holders, the one with the address “0xdead000000000000000042069420694206942069” is in charge of 41.04% (approximately 410,418,914,164,300 tokens) of the Shiba Inu supply. Notably, this individual has acquired an additional 17,180,220 SHIB tokens within the past week. The total value of their SHIB holdings amounts to a staggering $10.9 Billion.

As a crypto investor, I can observe that the second largest Shiba Inu address “0xf3b0073e3a7f747c7a38b36b805247b222c302a3” doesn’t come close to competing with the first one in terms of supply, holding only 3.6%. However, its significance cannot be ignored since it boasts a substantial value of 36,920,048,515,596 SHIB, equivalent to a whopping $983.9 million.

Shiba Inu Exchange Holder List

It’s no marvel that Binance Exchange, the largest centralized cryptocurrency exchange globally, owns a substantial 23.9% of the Shiba Inu (SHIB) token supply. Following closely behind is gate.io with a 3.5% holding of the SHIB tokens.

The fees for the Bybit exchange are 1.9%, OKX charges 0.99%, and Crypto.com only has a fee of 0.75%. The remaining 68.96% is distributed among various other smaller exchanges.

As a crypto investor, I’d say: The crypto market dip has caused Shiba Inu’s price to drop, currently sitting at $0.00002665 after a 20% surge. But despite the market downturn, Shiba Inu has shown impressive growth this month. When the market recovers and altcoins take center stage, Shiba Inu is expected to bounce back strongly, potentially aiming for a rally in March or even beyond.

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2024-05-30 20:10