New data from IntoTheBlock shows that 128,990,000,000,000 SHIB (almost 129 trillion Shiba Inu tokens) are held by only 45 wallets. That’s a big chunk of SHIB supply!
🐋 Who Are These Holders?
IntoTheBlock looks at who owns the most SHIB and splits them into two groups:
Whales: The biggest holders
Investors: Wallets that hold between 0.1% to 1% of SHIB's total supply
These 45 wallets are in the "investors" group.
🤔 Why Does This Matter?
Shiba Inu started as a meme coin but has grown into a well-known altcoin. With a total supply of over 589 trillion SHIB, it’s a big deal that 129 trillion are held by just 45 wallets.
This raises a big question:
> Are these wallets owned by real people, exchanges, or smart contracts?
🔍 What the Data Shows
Many of the top SHIB holders are likely:
Crypto exchanges like Binance and Coinbase (they hold user funds together in big wallets)
Smart contracts from SHIB platforms like ShibaSwap and Shibarium
Burn addresses (wallets that can’t spend tokens)
A few early buyers or institutions who bought big early on
But here’s the catch — the data doesn’t clearly show which wallets are exchanges or smart contracts, so it’s hard to know exactly who these "investors" are.
📉 SHIB Price Update
At the time of writing, SHIB is trading at $0.00001166, slightly up by 0.01% in the past 24 hours — not much movement in the market right now.