20 Shiba Inu Holders Own 75% of the SHIB Supply

 The meme-based digital asset, shiba Inu, has risen to the top ten most valuable crypto assets according to market capitalization. This knocks dogecoin down one notch. The market cap for the shiba-inu token has risen to over $40 billion in the past 30 days. The circulating supply of 549 trillion tokens and the large concentration of shiba-inu whales are still very significant.

Shiba Inu, Copy of Doge, Hits All Time High. Surpasses Doge.

The crypto asset shiba Inu (SHIB), reached an all time high (ATH) this week on a few occasions. This included today during the early morning trading session. SHIB’s ATH stood at $0.00008616. The value then dropped 11% from the high. SHIB’s market value has risen to $40 billion, which has enabled the shiba-inu token market to reach the top ten cryptocurrency assets. Shiba Inu was able to move dogecoin from the ninth to the tenth position.

Shiba inu Shiba (SHIB), managed to move dogecoin down from the ninth to the tenth largest market position.

SHIB trades with tether (USDT), which accounts for 76% of all SHIB’s trades in the last 24 hours. The SHIB/USDT pairs follow TRY (4.96%), EUR (3.00%), USD (0.84%), and BUSD (13.13%).

Shiba Inu Soars Knocking Dogecoin Down a Notch — 20 Holders Own 75% of the SHIB Supply
SHIB/USDT October 28, 2021 This report’s prices and statistics were created on Wednesday at 11:01 (EDT).

Binance is the top SHIB exchange, followed by Huobi Pro and Okex, Coinbase and Poloniex. BTC trade volume was around $45 billion Thursday. SHIB’s trade volume, however, is only $41 billion for 24-hour swaps around the globe.

Shiba Inu Whale Concentration 75% for 20 Unique Addresses

There are still a lot of SHIB tokens in circulation, even though Vitalik Buterin gave away 1 Trillion tokens and other deflationary features. There are currently 549 trillion SHIB tokens, which is far more than other crypto assets like bitcoin. Bitcoin’s whale concentration, compared to SHIB’s rich listing of around 14.65%, is much lower. According to Into the Block stats BTC’s concentration among large holders is just 11%

Shiba Inu Soars Knocking Dogecoin Down a Notch — 20 Holders Own 75% of the SHIB Supply
SHIB concentrations of whales on October 28, 2021.

According to data from coincarp.com, 10 holders hold 71.90% of the total circulating supply. Out of 838.305 unique addresses (holders), 20 hold 75.95%. The circulating supply of BTC is 18.856,937 on Wednesday, which is less than the 549.153,115.436,361 SHIB currently in existence. Out of 838,305 SHIB holders, the top 100 own 80.48%.

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