🔥 Largest Public SHIB Holder Revealed – Binance Left Behind 😮
According to Arkham Intelligence, a well-known on-chain analytics platform, the top 10 SHIB-holding addresses have been unveiled — and the #1 spot comes as a shock to many in the crypto community. While Binance remains one of the biggest players in the SHIB ecosystem, the largest SHIB-holding wallet isn't an exchange at all… it’s a burn address! 🔥💀
🚫 SHIB Burn Wallet Holds a Massive $5.9 Billion in Tokens 💸
The top spot is held by a dead-end wallet that's been absorbing unwanted SHIB tokens since early 2021. This wallet now contains an unbelievable 410,430,774,772,152.3 SHIB — valued at roughly $5.9 billion USD at press time. These tokens are permanently out of circulation, contributing to the ongoing burn strategy embraced by the SHIB community. ♻️
📉 Binance Trails Behind — But Still Holds a Massive Share
Following the burn wallet, the second-largest SHIB-holding wallet belongs to Upbit with 49.63 trillion SHIB. Binance ranks third with an impressive 45.43 trillion SHIB in its reserves. 🟡📊
Here's a quick look at the top centralized holders:
Binance: 45.43T SHIB 🟡
Crypto.com: 30.87T SHIB 🟣
Bithumb: (amount not disclosed) 🔵
🚀 SHIB Community Burns Another 31.4 Million Coins in 24H
The Shibburn tracker reports that the community has recently burned 31,447,991 SHIB in just 24 hours. 🔥 Two major whale transactions removed 18.35M and 13.09M SHIB from circulation. As of now, 589.25 trillion SHIB remain circulating, while 4.7 trillion are locked in DeFi staking pools. 💼🔐
Binance may not hold the top position, but its influence in the SHIB market remains strong — actively supporting $SHIB trading, staking, and visibility across its massi
ve global user base. 🌍
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