Arkham Intelligence on-chain data company has revealed the top 10 list of SHIB holding addresses, with the largest one among them being kind of a surprise for the community. Its SHIB stash is worth billions of U.S. dollars at press time.
With this wallet sitting in first place, such top players in the cryptocurrency space as Binance, Robinhood and Crypto.com have been left behind.
Largest SHIB wallet emerges, Binance left on sidelines
According to the aforementioned data source, the largest SHIB holder is the wallet that has been accepting unwanted Shiba Inu coins since early 2021 — one of the SHIB burn addresses. These coins will never be able return to circulation. This wallet holds a mind-blowing total of 410,430,774,772,152.3 SHIB. This amount of meme coins is currently valued at $5.9 billion in fiat.
It is followed by wallets that belong to Upbit, Binance, Robinhood, Crypto.com and Bithumb.
Upbit holds 49,633,636,728,526 SHIB, and Binance’s wallet contains 45,435,410,757,391.81 SHIB.
The Robinhood address holds 39,273,245,781,062.02 Shiba Inu, while Crypto.com’s SHIB stash is equal to 30,870,004,624,315.74 meme coins.
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SHIB army burns 31,447,991 coins
Shibburn wallet tracker has revealed that over the past 24 hours, a substantial amount of meme coins has been moved out of circulation. In two large burns, the meme coin’s community has burned 31,447,991 SHIB.
A total of 18,356,090 and 13,091,149 SHIB were transferred to dead-end wallets by anonymous whales. By now, a total of 589,251,256,408,651 SHIB meme coins remain in circulation out of the initial one-quadrillion-SHIB supply. A total of 4.7 trillion SHIB have been locked for staking purposes in DeFi apps.
The above-mentioned largest SHIB holding address is one of the wallets tracked by Shibburn.
