Leading blockchain explorer Etherscan recently unveiled data identifying the top 50 wallets with the largest holdings of Shiba Inu (SHIB) tokens. These wallets collectively control trillions of SHIB, valued at millions of dollars, and include major exchanges, institutional investors, and individual whales.
Key Insights: SHIB Ownership Distribution
- The top 50 wallets hold nearly 40% of all circulating SHIB.
- The remaining 60% is distributed among retail investors.
- The largest holder is the 'Null' wallet (dead address), containing 41% of total SHIB ($3.95 billion).
👉 Discover how major exchanges influence SHIB's market dynamics
Breakdown of Major SHIB Holders
1. Exchanges & Institutional Wallets
- Binance: Three wallets totaling $765 million in SHIB.
- Robinhood: Fifth-largest holder with 27 trillion SHIB ($258 million).
- OKX: Seventh-largest, holding 10.7 trillion SHIB ($107 million).
- Crypto.com: 7.3 trillion SHIB ($70.5 million).
- KuCoin & Kraken: Combined holdings exceeding $60 million.
2. The 'Null' Wallet Explained
- Function: A burn address where tokens are permanently removed from circulation.
- Impact: Reduces SHIB’s supply, increasing scarcity over time.
SHIB Market Performance (Latest Data)
- Price: $0.00000975 (down 3% in 24 hours).
- All-Time High: $0.00008616 (October 2021) – 89% below peak.
FAQs About SHIB Ownership
Q1: Who owns the most SHIB?
A: The 'Null' wallet (41%) and exchanges like Binance dominate holdings.
Q2: How does the 'Null' wallet affect SHIB’s price?
A: By reducing supply, it may create long-term scarcity pressure, potentially lifting prices.
Q3: Why do exchanges hold so much SHIB?
A: They custody tokens for users, enabling trading and liquidity.
👉 Explore SHIB’s future potential with expert analysis
Note: All figures based on Etherscan data and are subject to change with market fluctuations.