Shiba Inu Controlled by Investors More Than 70 Percent

Rancakmedia.com – Is it true that more than 70 percent of the Shiba Inu supply is controlled investors big? Of course the news about the Shiba Inu dealer is not without reason, moreover Shiba Inu coin is no longer a crypto that is underestimated.

The surge in popularity of the Shiba Inu coin in the second half of 2021 has undoubtedly taken some players or investors in digital assets like crypto by surprise. Shiba Inu is no longer an unknown coin in the crypto industry. Despite the fact that it is useless, it has become one of the most sought after and valuable coins available.

Even the price of Shibs Inu, which has achieved considerable popularity, is now relatively inexpensive compared to other coins in the top coin rankings. But this doesn't prevent community support for meme coins. The Shib Army is believed to have considerable loyalty to the Shiba Inu.

More Than 70 Percent Of Shiba Inu Are Controlled By Investors

While the Shiba Inu is 11th on the list of top coins by market cap, it can no longer be said that SHIB is a 'worthless' coin. Shiba Inu also has the largest supply of any of the top cryptocurrencies, with a total supply of over 589 trillion and an extraordinary supply of over 549 trillion.

However, most of the merchandise is only kept in a few wallets. As this information spreads across social media, it's important to know who these wallets are and why they store so many of them.

Information on the top 10 wallets have the majority of Shiba Inu coins in circulation. This information, while true, is usually misrepresented because only a few individuals hold the majority of the meme coin supply. This is not right.

One thing to note is that while there are definitely SHIB Whales holding a large number of assets, these top wallets are not held by just one person. So even if there are big investors holding it, it's not people, but groups with many people or owners.

To start, there is no single top performing wallet owner in terms of total coin volume. This wallet holds 41 percent of the entire Shiba Inu supply but the coins in the wallet can never be accessed. This is because it is a dead wallet where Ethereum creator Vitalik Buterin has transferred most of the Shiba Inu tokens handed over to him by the Shiba Inu team in what is a marketing ploy.

After giving around US$1 billion worth of tokens to India's Covid Relief fund, Buterin quickly put the remaining tokens into dead wallets, removing nearly half of the entire Shiba Inu supply from circulation.

Over time, more Shiba Inu have been transferred to the wallet as a measure to limit the circulating supply and the number held in this wallet has grown. Most of the other wallets that hold large numbers of Shiba Inu are trading wallets.

This implies that the balance kept in this wallet belongs to the thousands of users who hold their tokens on the exchange. The current trend for meme coins is the inclusion of additional holders to their portfolio.

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