If you’re wondering who owns more Shiba Inu (SHIB), it’s not that simple.
Cryptocurrency whales are an important part of the cryptocurrency ecosystem. Along with Elon Musk’s Dogecoin holdings and the question of whether Elon Musk owns a SHIB, the owners want to know who the best Shiba Inu Whales in question are.
Here’s an overview of the top SHIB owners and a more in-depth look at the ecosystem.
SHIB Whales: Who owns the most Shiba Inu?
The largest holder of Shiba Inu is a dead wallet containing the contents of Ethereum co-founder Vitalik Buterin’s Shiba Inu burn. This wallet holds 410,326,013,787,703 – or 41% of the supply, and has been recharged by additional SHIB burns.
When SHIB was first launched, it gave 50% of its total circulation to Buterin as part of its marketing. However, in May 2021, Buterin burned 410,241,996,771,871 SHIB by sending it to a dead address, effectively removing 41% of the entire SHIB circulation. This was worth over $7.3 billion on the day of the transaction. In a statement, Buterin said:
I decided to burn 90% of the remaining Shiba tokens in my wallet. The remaining 10% will be sent to a charity (not yet decided) with values similar to crypto rescue (preventing large-scale loss of life) but with a more long-term orientation.
Buterin also said that keeping the SHIB in his public wallet “has never been an option.”
Alongside this, while the top 100 SHIB owners seem to have concentrated Shiba’s ownership, this is not entirely the truth. Binance holds the third largest SHIB portfolio, for example.
However, the SHIB burned by Buterin is considered no longer in circulation. The second largest SHIB address belongs to an anonymous investor who holds 48 trillion SHIB – about 8% of circulation. This is currently worth $576 million.
SHIB followers on Reddit have speculated about the identity of this wallet as part of their Whales watching efforts. Some suggest that because the address acquired a significant amount of SHIB near its formation, it may be one of the founders of Shiba Inu.
However, SHIB’s founder, Ryoshi, may disagree.
How much does Shiba Inu keep Ryoshi?
The founder of Shiba Inu argued that they don’t own as much SHIB as people would think.
In a now-deleted blog post, Ryoshi said:
Although the Shiba Token “lunava” I received many messages like “ryo, you must be a billionaire now, haha”, but the reality is still today that I own 0 SHIB. Because? Well, if I did, then I can’t be who I am and for now I know I have a role to play. I can’t be pure and impartial if I’m worried about prices up and down and taking profits. (don’t worry, the great Shiba will reward me in other ways I guess)
Ryoshi’s identity remains unknown, and he has since deleted all of his SHIB posts. This statement means that unlike bitcoin founder Satoshi Nakamoto, who owns over 1,000,000 btc, Ryoshi is not among the SHIB Whales.
Whales Metaverse Shiboshi and Shiba Inu
Of course, the Shiba Inu ecosystem is no longer just about SHIB. From NFTs to new tokens, there are plenty of Whales to monitor.
With NFT Shiboshi, the largest whale holds 121 NFT Shiboshi – just over 1% of the NFT 10,000 collection. Meanwhile, excluding the top address (which is just the Shiboshi contract), the top 100 holders own 20% of the entire collection.
As for the Shiba Inu Metaverse, it is slightly different. The sale of Shiba Inu Metaverse land is still ongoing and has yet to run out. Of the 19,760 plots sold, the top 100 own about 30% of the lots. Meanwhile, the upper metaversa whale, excluding the null address, owns 212 pieces of land – about 1% of the supply.
