Shiba Ino holds a special place in the cryptocurrency world because it was created by a mysterious developer named Ryoshi, about whom little is known. While he was once thought to be the most prominent holder of the Shiba Inu currency, he has vehemently denied this. In this article, we talk about who owns the most Shiba Inu.
Keep in mind that Shiba Ino holders are only switching to this digital currency because it is so cheap. It’s not at all like holding a $16,000 bitcoin where you’ve lost money and still be able to extract value from it. The Shiba Inu is more or less a type of property that has no value in the real world.
Who has Shiba Inu digital currency?
It was common to become a SHIB holder during the last bubble of this digital currency, because the price was cheap. The idea behind it is that it takes small moves to make big profits. Later, it was proved that this idea is not necessarily true, and in the end, not everyone benefits from buying and selling it. However, the idea of owning a Shiba Inu that would generate huge fortunes for as little as $0.01 caught the attention of many “social media traders”. Many of them liked to flaunt their SHIB holdings, as a large amount of this digital currency could be purchased for a limited amount.
In fact, according to the available statistics, more than 1.2 million wallets have Shiba Inu at the end of 2022. However, it’s best to remember that some of these wallets will always be owned by Shiba Inu, and others are temporary.
Unfortunately, some of those who lost the Shiba Inu the most were those who could not afford to lose it. Simply put, being a SHIB holder was an attempt to get rich, and some people made a lot of money that way. However, most small traders lost their holdings when crypto crashed.
Who owns the most Shiba Inu?
Shiba Ino holders form a large group of digital currency market users. Most Shiba Inu owners are people who like to think they are rich. However, due to the cheapness of Shiba Inu coins, most wallets containing them have little real value. While they may have 2 million tokens, this is just a marketing ploy to make people “feel rich”.
There are a few subtle differences between Shiba Inu owners. For example, not all Shiba Ino holders hold this currency as a speculative investment. Vitalik Buterin, co-founder of Ethereum, received 50% of its total supply from the Shiba Ino Foundation, which raised online hype due to the sudden accumulation of Shiba Ino by such a celebrity. He ended up burning 90% of the tokens and donating 10% to India’s Covid Relief Fund. Because of this, the biggest Shiba Inu holder is a dead wallet that has Shiba Inu’s burned coins. However, this wallet holds 41% of SHIB’s supply.
The second largest holder of Shiba Inu is an anonymous investor who owns 48 trillion SHIB or 8% of its total supply. It is worth about $500 million, but before the Shiba Inu’s price crash, it was worth much more. This begs the question as to what they intend to do with their SHIB coins considering Shiba Inu is a meme coin. This anonymous person owns Shiba Inu coins for the long term.
Another major holder of the largest number of Shiba Inu coins is Binance. Binance exchange is the third largest holder in the world. Therefore, it is likely to be used for liquidity. As you can see, not all wallets are as effective as you think. The fact that the largest wallet (the wallet belonging to Vitalik Buterin) is a burnt wallet speaks volumes.
Shiba Inu is a digital currency that was launched in 2021 and operates based on the Ethereum blockchain. In this decentralized and community-oriented project, anyone can participate by buying and keeping Shiba Ino coins and become the owner of the most Shiba Ino if they wish. The value of Sheba Ino is determined based on supply and demand in digital currency exchanges, and buying or selling this currency in exchanges is possible for anyone.
It is difficult to determine who owns the majority of Shiba Inu, as ownership of the digital currency is not publicly disclosed. Shiba Ino is a decentralized digital currency that is not controlled by any central authority or organization, so ownership cannot be tracked in the same way as traditional assets. But according to the official published information, the largest number of Shiba was owned by Vitalik Buterin, who has now been cremated.