Shiba Inu Holders Control Over 60% of Shib

Shiba Inu holders have a significant amount of control over the Shib token, with over 60% of the total supply held by them. This is a testament to the dedication and trust of the community.

The sheer number of holders is a remarkable statistic, with over 1 million addresses holding Shib tokens. This widespread ownership has contributed to the token's stability and resilience.

Shiba Inu holders are not just passive investors, but also active participants in the ecosystem. They engage with the community, share their experiences, and provide valuable feedback to the developers.

The top 10 Shiba Inu holders account for 60.41% of the total supply, with the top 50 addresses holding a staggering 71.83%. This concentration of wealth among a small group of holders is a notable characteristic of the Shiba Inu ecosystem.

The top holder, with the address "0xdead000000000000000042069420694206942069", is responsible for an impressive 41.04% of the supply, valued at over $10.9 billion. This single address has gained 17,180,220 SHIB tokens in the last week alone.

Here's a breakdown of the top Shiba Inu holders:

A significant portion of Shiba Inu holders have been holding onto their tokens for the long haul, with 75% of holders keeping their investments for over a year. This demonstrates a strong faith in the token's long-term potential.

The top 10 Shiba Inu holders have a significant amount of control over the total supply of SHIB. They hold a whopping 60.41% of the circulating supply.

It's worth noting that this number has actually decreased over the years, with the top 10 holders holding 61.2% of the supply a year ago. The top 50 addresses, on the other hand, hold an even larger share of the supply, with 71.83% of the total SHIB supply.

The top 100 addresses hold an impressive 74.97% of the SHIB supply, which is a staggering amount of control over the market. This highlights the concentration of wealth among a small group of holders.

The largest holder, with the address "0xdead000000000000000042069420694206942069", holds an enormous 41.04% of the supply, which translates to around $10.9 billion in SHIB tokens.

A whopping 75% of Shiba Inu holders have kept their investments for over a year, showing a strong commitment to long-term potential.

According to IntoTheBlock, the average holding period for Shiba Inu stretches to two years, with a 92% price surge in the past 365 days.

Despite market volatility, Shiba Inu token burn increases, aiming to boost future value. In fact, there has been a notable rise in the number of Shiba Inu tokens burned, with a staggering 798.31 million tokens burned over the past week—a 289.36% jump.

Here's a summary of the key statistics:

Binance Exchange holds 23.9% of the Shiba Inu token supply, making it the biggest Shiba Inu holder.

Gate.io is in second position, holding a 3.5% share of the SHIB token supply.

Other notable exchanges include Bybit, which carries 1.9%, and OKX, which carries 0.99%.

Binance Exchange holds the largest share of Shiba Inu tokens, with a staggering 23.9% of the supply.

Gate.io is the second-largest holder of Shiba Inu tokens, with a 3.5% share of the SHIB token supply.

Bybit exchange carries a notable 1.9% of the Shiba Inu token supply.

OKX exchange holds 0.99% of the Shiba Inu token supply.

Crypto.com exchange has a 0.75% share of the SHIB token supply.

The remaining 68.96% of Shiba Inu tokens are divided among other smaller exchanges.

There's a significant threat to the Shiba Inu community from fraudulent websites designed to steal user funds.

These scams are targeting unsuspecting SHIB holders by enticing them to connect their wallets under pretenses.

Numerous fake websites have emerged across the cryptocurrency space, posing significant risks to users.

There is no legitimate reason to connect your wallet to any website for syncing with the network, refreshing rewards, or fixing liquidity pool issues.

Any site suggesting otherwise is a scam.

Shibarmy Scam Alerts warns that there is no website Shiba Inu holders need to connect their wallet to.

To protect yourself from such scams, verify the legitimacy of a website before connecting your wallets.

Use official links from trusted sources to avoid falling victim to these scams.

Keep yourself updated with the latest warnings and alerts from the Shiba Inu team.

Sharing related information with fellow community members can also help prevent potential losses.

Always remain alert and cautious when connecting your wallet to any site, and double-check its legitimacy.