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Shiba Inu (SHIB) Trillionaire Looms With $33 Million Fortune: Tokens Have Circulated for 6 Months

Published September 25, 2023 1:22 PM
Teuta Franjkovic
Published September 25, 2023 1:22 PM

Key Takeaways

  • An unknown player in the SHIB ecosystem amassed a fortune of $33.6M in a few days.
  • The enigmatic wallet has exclusively 4.596 trillion SHIB tokens.
  • There’s no other digital asset in its portfolio.
  • The wallet’s interaction has been with another undisclosed wallet, deepening the mystery.
  • Trillions of SHIB tokens circulating within this wallet have a convoluted history.

In a surprising twist, a mysterious player has surfaced in the Shiba Inu (SHIB) ecosystem, amassing a fortune of $33.6 million. This enigmatic figure, operating from an undisclosed wallet created just days ago, now boasts a staggering 4.596 trillion SHIB.

Trillions in Circulation Spark Speculation

What distinguishes this wallet is its exclusivity to SHIB tokens; it holds no other cryptocurrencies or digital assets. Furthermore, it maintains no connections to any known crypto addresses, as shown by Etherscan data . The sole interaction it has had is with another undisclosed wallet, which transferred the trillions of SHIB tokens.

This intriguing journey of SHIB fortune tokens leads back to a sender address that received them three weeks ago from yet another anonymous source. A closer examination reveals that these trillions of SHIB tokens have been circulating among undisclosed wallets for at least six months.

As of now, this fortune wallet stands as the 25th largest holder of SHIB tokens. The big question looming is whether this mysterious SHIB trillionaire will choose to move their enormous holdings to yet another unknown wallet, or if they have grander plans, possibly involving a major exchange.

This emergence of a new player of such caliber in the Shiba Inu ecosystem will definitely add more intrigue and speculation among crypto enthusiasts, and the SHIB community in particular.

Top 5 Biggest SHIB Holders

  1. Vitalik Buterin

At the time of writing, the biggest SHIB holder is, according to Etherscan data , ETH-founder Vitalik Buterin whose burn address is 0xdEAD0000000000000000420694206942069 .

A short time after the establishment of Shiba Inu coin, Vitalik Buterin received 50% of the whole SHIB supply. Because Buterin is a well-respected part of the cryptocurrency industry and it is highly improbable that he would “dump” this significant number of SHIB on the market, this was described as a form of token burn.

In 2021, Buterin made the decision to put his SHIB tokens to good use. He gave out about 10% of the SHIB in his wallet to worthy organisations, such as the India Covid Crypto Relief Fund and a PhD programme focused on studying the safety of AI.

Buterin made the decision to burn the remaining SHIB tokens in his possession and sent them to a burn address. An address of which no one possesses the private keys is known as a burn address (or a null address). As a result, any token in this address is in fact permanently out of circulation.

2. Crypto.com Wallet

A wallet  that is thought to belong to the cryptocurrency exchange Crypto.com is the third-largest SHIB holder, even if it lacks a public tag on Etherscan.

At the time this article was written, this wallet contained 43.8 trillion SHIB. Naturally, it also keeps a lot of other tokens in big quantities as an exchange wallet, like CRO, MATIC, USDT, and many others. More than $813 million is thought to be the estimated value of everything in this wallet.

3. Binance Wallet #28

The wallet that the cryptocurrency exchange Binance owns is the second-largest among Shiba Inu owners. This wallet is identified as “Binance 28 ” on Etherscan.

This wallet has a vast number of additional tokens, including SHIB, LINK, MATIC, SAND, LDO, and many more, in addition to $259 million in ETH and approximately $300 million in USDT.

The proof-of-reserves website for Binance shows that the exchange has 79.1 trillion SHIB in all across its several wallets. This is equivalent to about $765 million in dollars.

4. Binance Wallet 8

Another wallet held by Binance, known as “Binance 8 ” on Etherscan, is the fourth largest SHIB holder. This wallet owns 1.07 million ETH, valued close to $2 billion at the time of writing, in addition to its sizeable holdings of 33 trillion SHIB tokens.

5. Robinhood wallet custodied by Jump Trading

The fifth-largest SHIB holder, according to blockchain intelligence provider Arkham Intelligence , is a wallet containing money that originates from the Robinhood  trading site but held by Jump Trading.

SHIB worth about $194 million and ETH worth about $2.76 billion are both in the wallet. Significant sums of LINK and AVAX are also in the wallet.

More Than 3M Transactions In Less Than a Month

Layer 2 network Shibarium has handled over three million transactions in less than a month, showing that the network experienced rapid and widespread adoption.

After fixing the network’s initial launch difficulties, important metrics have shown a considerable increase in performance. Over 1 million wallets  used the protocol in the first week after the relaunch; as of the most recent upgrade, there are 1.25 million.

Additionally, at the time of writing, the network had processed over 3 million transactions, or 3,132,502.

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