Largest Public SHIB Holder Revealed, Here's Big Catch

Largest SHIB Holder Revealed, Outshining Major Crypto Exchanges

Arkham Intelligence, an on-chain data analytics firm, has identified the top 10 Shiba Inu (SHIB) holding addresses - with the largest one surprising the crypto community. This wallet's SHIB holdings are worth billions at current market prices.

The Unexpected Top Holder

The number one SHIB holder isn't an exchange or institutional investor - it's a burn address that's been accumulating unwanted SHIB tokens since early 2021. This wallet holds an astonishing 410.43 trillion SHIB (worth approximately $5.9 billion) that will never re-enter circulation.

Exchange Wallets Follow Behind

The remaining top holders include major cryptocurrency exchanges:

• Upbit: 49.63 trillion SHIB
• Binance: 45.44 trillion SHIB
• Robinhood: 39.27 trillion SHIB
• Crypto.com: 30.87 trillion SHIB

Recent SHIB Burn Activity

The Shibburn tracker reports significant token burns in the past 24 hours, with two major transactions removing over 31 million SHIB from circulation:

• 18.36 million SHIB burned
• 13.09 million SHIB burned

Current circulating supply stands at 589.25 trillion SHIB from the original quadrillion supply, with an additional 4.7 trillion SHIB locked in DeFi staking contracts.

The massive burn address identified by Arkham is among those tracked by Shibburn, highlighting its importance in SHIB's tokenomics.