You Won’t Believe How Much Of The Shiba Inu Supply The Top 10 Addresses Control

New data from Santiment has revealed that the top 10 Shiba Inu (SHIB) addresses control over 62% of the entire token ￰0￱ crypto analytics platform shared the update on Tuesday, posting percentages of supply held by the top blockchain wallets of popular Ethereum-based tokens on ￰1￱ Data Reveals Top 10 Wallets Hold Over 62% Of Shiba Inu Supply According to the Santiment report, the concentration of Shiba Inu supply in the hands of the top 10 wallets is ￰2￱ to the data, out of Shiba Inu’s original one quadrillion tokens, 62.3% are now controlled by only ten ￰3￱ figure amounts to around 623 trillion SHIB ￰4￱ Reading: Is Binance Manipulating XRP Price And Driving The Crash?

Analyst Gives Answers Public blockchain data available on Etherscan offers an even closer look at these leading Shiba Inu addresses, giving more detailed information about the wallets and the amounts of SHIB they currently ￰5￱ biggest wallet in this group is the official Shiba Inu burn address created when Ethereum co-founder Vitalik Buterin sent over 410 trillion SHIB to the address in ￰6￱ address contains 410.43 trillion SHIB, making it the largest single holder in the ￰7￱ in this wallet are considered permanently removed from ￰8￱ primary address also holds a large amount of ￰9￱ wallet contains about 53.37 trillion tokens, equal to 5.33% of the total ￰10￱ wallet may be associated with a decentralized exchange or a smart ￰11￱ two top wallets together already make up a large part of the Shiba Inu supply, while a mix of exchanges and other entities fills the rest of the ￰12￱ Dominate The Biggest Shiba Inu Holdings The data also shows that several of the largest wallets belong to major centralized ￰13￱ appears on the list as one of the most oversized ￰14￱ wallet linked to Robinhood currently holds 39.27 trillion SHIB, which represents 3.92% of the total ￰15￱ is also a leading holder of Shiba ￰16￱ address labeled Binance Hot Wallet 20 contains 30.71 trillion tokens, or 3.07% of the total ￰17￱ address, Binance 28, holds 19.51 trillion SHIB, equal to 1.95%.

Related Reading: Dogecoin Price Set For Explosive Rally If This Structure Holds ￰18￱ is another exchange with a large wallet among the top ￰19￱ wallet connected to ￰20￱ holds 29.83 trillion ￰21￱ number represents 2.98% of the ￰22￱ large wallets on the list include one address with 12.04 trillion SHIB, which makes up 1.2% of the ￰23￱ holds 11.41 trillion tokens, equal to 1.14% of the supply. A separate wallet contains 9.04 trillion SHIB, or 0.9%. Finally, the tenth-largest Shiba Inu holder controls approximately 7.65 trillion tokens, which equates to 0.76% of the total ￰24￱ wallet may also be related to a decentralized ￰25￱ image from DALL. E, chart from ￰26￱