📊 Arkham Intelligence has revealed data on the top Shiba Inu (SHIB) token holders, shedding light on their significant holdings. 🐕
The largest holder is the burn SHIB address, which boasts a staggering 410,418,817,200,312.1 SHIB, valued at approximately $10.33 billion. This represents 41.04% of the total circulating supply and is where all burned SHIB tokens are sent and locked automatically. 🔥
In second place is Crypto.com's hot wallet, with holdings of 37,570,344,005,265.1 SHIB ($950.5 million), accounting for 3.76% of the circulating supply.
Binance's cold wallet secures the third spot, holding 35,570,818,784,448.26 SHIB ($885.5 million), constituting 3.5% of the circulating supply. Binance maintains a robust reserve of Shiba Inu, confirmed in its Proof-of-Fund (PoF) report.
Robinhood's cold wallet ranks fourth, with holdings of 31,753,251,930,362.97 SHIB ($803 million), comprising 3.18% of the supply. The Shiba Inu team's wallet holds the tenth position, with 6,397,162,264,908 SHIB worth $164,920,000. 💼
On May 2, the Shibarium layer 2 solution will undergo a transformative hard fork, aiming to enhance transaction processing speeds and stabilize transaction fees. 🔄
This upgrade is expected to make Shibarium more efficient and competitive, ensuring a smoother user experience. 💫
Despite trading at $0.00002549, down 1.2% in the past 24 hours, Shiba Inu continues to attract attention with its developments and significant token holdings. 🚀
