Top 10 Shiba Inu (SHIB) Holders280

Shiba Inu (SHIB) is a decentralized cryptocurrency that has gained widespread popularity since its launch. The price of SHIB has skyrocketed by over a thousand percent in recent months, making it one of the most valuable cryptocurrencies in the world.

There are a number of reasons for SHIB's success. First, the coin has a strong community of supporters who believe in its long-term potential. Second, SHIB is listed on a number of major cryptocurrency exchanges, which makes it easy for investors to buy and sell. Third, the coin has a number of real-world use cases, including the ability to be used as a currency for goods and services.

As a result of SHIB's success, the number of wallets holding the coin has increased significantly. As of March 2023, there are over 60 million SHIB wallets. However, the majority of SHIB is held by a small number of addresses.

The following are the top 10 SHIB holders, according to the data from Etherscan:
Binance 1: 28.07% of the circulating supply
Binance 2: 24.98% of the circulating supply
Binance 3: 20.14% of the circulating supply
Binance 4: 10.12% of the circulating supply
Binance 5: 5.02% of the circulating supply
: 2.68% of the circulating supply
OKEx: 1.96% of the circulating supply
Huobi Global: 1.53% of the circulating supply
Coinbase: 1.19% of the circulating supply
KuCoin: 1.08% of the circulating supply

It is important to note that these addresses represent a combination of exchange wallets and individual investor wallets. Binance, for example, has multiple wallets that hold SHIB on behalf of its users. Coinbase and KuCoin also have multiple wallets for storing SHIB.

The concentration of SHIB ownership among a small number of addresses has raised concerns about the decentralization of the coin. Some critics argue that this concentration of ownership could make it easier for whales to manipulate the price of SHIB. However, it is important to note that the majority of SHIB is held by exchange wallets, which means that it is not necessarily controlled by a single entity.

The distribution of SHIB ownership is likely to continue to evolve over time. As the coin gains wider adoption, the number of wallets holding SHIB is likely to increase. This could lead to a more decentralized distribution of ownership, which would reduce the risk of manipulation by whales.

2025-01-24

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