Who Owns The Most Shiba Inu (SHIB) Coins?

2 years ago · Updated 2 years ago

✍️ 28 December, 2022 - 15:47 👤 Editor: Jakub Motyka

The largest Shiba Inu (SHIB) holding address is a dead wallet with 410 trillion tokens.
Below we explore Shiba Inu whale accounts.

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Shiba Inu (SHIB) was created in 2020 by a pseudonymous individual named Ryoshi to ''bring the power of a decentralized community-led currency to millions across the globe.'' The project’s native cryptocurrency SHIB is an Ethereum-based ERC-20 token used for powering transactions in the meme ecosystem. So who owns the most Shiba Inu? This article will look at SHIB addresses with some of the highest crypto holdings.

The Shiba Inu ecosystem includes ShibaSwap, a decentralized exchange, other cryptocurrencies LEASH and BONE, and non-fungible token Shiboshi. According to its website, Shiba Inu claims to have millions of supporters worldwide, which have come to be known as 'ShibArmy.' Some of the notable backers include Elon Musk, whose tweets are known for accelerating the price of the dog-themed crypto.

Shiba Inu Entered The Market With 1 Quadrillion Tokens

Shiba Inu was founded with a total supply of a quadrillion tokens – where the project’s developer locked 50% of the supply on Uniswap DEX and sent the remaining 50% to Vitalik Buterin, Ethereum’s co-founder. Buterin donated 50 trillion tokens, then valued at $931 million, to India’s Covid-19 relief fund and burned 90% of his remaining tokens, saying he intended not to control crypto projects.

The developers of the meme token also introduced a burn portal on April 23 following a community request. The platform lets token holders voluntarily burn their digital assets to reduce the circulating supply. According to Shiba Inu burn tracker, Shibburn, 410 trillion SHIB tokens have been removed from circulation, leaving 549,063,278,876,302.

The Largest SHIB Holding Address Is A Dead Wallet With 410 Trillion Tokens

Data from CoinCarp shows the largest address holding Shiba Inu is a dead wallet used by Buterin to burn his stash of the meme token – equivalent to 40% of the total supply. The second wallet address is based on Binance and holds 55,926,053,916,777 SHIB Inus or 5.59% of the total supply.

In the third position, it is followed by another whale with 32,772,261,996,001 or 3.28% of the total circulating supply. The top 5 Shiba Inu investors have a total holding of 55.36% of the circulating supply, equivalent to more than 300 trillion tokens.

Take a look into the Shiba Inu (SHIB) price prediction for 2025.

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Jared Kirui

EN: Jared Kirui is an experienced financial writer with a passion for all things blockchain technology. Previously, he was into stock markets and forex, providing asset managers with top-notch content. With a flair for producing high-quality articles, he started covering crypto news in 2021. He is open-minded, trades for fun, and enjoys sports.

ES: Jared Kirui es un escritor financiero experimentado apasionado por todo lo relacionado con la tecnología blockchain. Anteriormente, estuvo en los mercados bursátiles y forex, brindando a los administradores de activos contenido de primer nivel. Con un don para producir artículos de alta calidad, comenzó a cubrir noticias crypto en 2021. Tiene una mente abierta, comercia por diversión y disfruta de los deportes.