🚀 Shiba Inu: Is it going to The Next Big Movement in Crypto? 🌌 Do you know, The Biggest holders of " ShibaInu "
Get ready, ShibArmy! The tides could be turning, and Shiba Inu (SHIB) could be on the brink of one of the biggest surges in the crypto market with BTC,ETH,BNB ,XRP etc leading the bull run as never before.From humble beginnings as a meme token to building a robust ecosystem, IF SHIB can be shaping up to be a serious contender in decentralized finance and real-world utility. Are you ready for what’s coming?
🔥 Shiba Inu (SHIB) has a diverse holder base, with significant portions held by a few key entities. Here's an overview of the largest SHIB holders:
1. Burn Address: Approximately 41% of the total SHIB supply resides in a dead wallet, resulting from a burn initiated by Ethereum co-founder Vitalik Buterin. This action effectively removed these tokens from circulation.
2. Binance: The world's largest cryptocurrency exchange, Binance, holds about 4.43% of the SHIB supply in its hot wallet, facilitating liquidity and trading for its users.
3. Robinhood: The popular trading platform Robinhood possesses approximately 4.40% of the SHIB supply, reflecting its users' investments in the token.
4. Crypto.com: This exchange holds around 3.36% of the SHIB supply, indicating a substantial user interest in Shiba Inu on its platform.
5. OKX: Another major exchange, OKX, holds about 1.01% of the SHIB supply, serving its user base's trading activities.
It's noteworthy that the top 500 SHIB holders collectively own approximately 87.30% of the total supply, highlighting a significant concentration among large holders.
These substantial holdings by exchanges suggest that a large portion of SHIB tokens are held by individual investors through these platforms, contributing to the token's liquidity and market activity.
