Recent figures released by blockchain analytics platform Santiment highlight the significant concentration of Shiba Inu (SHIB) tokens among a handful of addresses.
According to the update, the ten largest wallets together account for 62.3% of the total SHIB supply, a share notably higher than that of many other leading Ethereum-based assets.
🐳 Here are the percentages of supply held by the top 10 largest addresses for ETH-based assets:
🤯 $SHIB: 62.3%
🤯 $UNI: 52.2%
🤯 $ETH: 51.0%
👀 $USDT: 40.5%
👀 $PEPE: 39.4%
🤏 $LINK: 31.5%
🤏 $DAI: 31.0%
🤏 $USDC: 28.6%🔗Track whale changes here: https://t.co/m99pJbV2cp pic.twitter.com/3vVkx8BYhT
— Santiment (@santimentfeed) September 2, 2025
Breakdown of the Largest SHIB Holders
Public data from Etherscan provides further detail on these top addresses. The largest single holder is Shiba Inu’s official burn wallet, created when Ethereum co-founder Vitalik Buterin sent over 410 trillion SHIB to the address in 2021. That wallet now contains approximately 410.43 trillion tokens, permanently removing them from circulation.
The second-largest address remains unidentified and is believed to be tied to a smart contract or decentralized exchange protocol. It currently stores about 53.37 trillion SHIB, equivalent to more than 5% of the total supply.
Several major exchanges also appear among the largest holders of Shiba Inu, with wallets linked to Robinhood, Binance, and Crypto.com collectively managing over 119 trillion SHIB.
Robinhood holds around 39.27 trillion tokens (3.92%), while Binance’s Hot Wallet 20 and Binance 28 accounts contain 30.71 trillion (3.07%) and 19.51 trillion (1.95%) tokens, respectively. Meanwhile, Crypto.com controls approximately 29.83 trillion SHIB, representing 2.98% of the total supply.
Another unlabelled address, identified on Etherscan as 0xa70…71FA9, is the seventh-largest holder with around 12.04 trillion SHIB (1.2%).
The eighth and ninth positions also belong to exchange wallets. Robinhood manages an additional 11.41 trillion SHIB (1.14%), while another Binance account contains 9.04 trillion SHIB (0.9%). The tenth-largest address, whose ownership is unverified but may also be exchange-related, carries 7.65 trillion tokens, or 0.76% of supply.
Comparisons with Ethereum and Uniswap
Santiment’s report also examined ownership concentration across other major tokens. The top 10 Ethereum wallets control roughly 51% of ETH’s supply, while the leading Uniswap addresses collectively hold about 52.2% of UNI tokens.
By contrast, Shiba Inu’s 62.3% concentration among its ten largest wallets represents a higher level of centralization than either Ethereum or Uniswap.
Implications of Concentrated Holdings
While such a concentration might raise concerns about the potential for price volatility if large holders decide to sell, context is important. The single largest address is the burn wallet, which will never release tokens back into circulation. Additionally, many of the remaining top holders are centralized exchanges that custody SHIB on behalf of thousands of retail traders, rather than individual “whales.”
This reduces the likelihood of a sudden mass liquidation event, though the degree of centralization still highlights Shiba Inu’s dependence on a small number of wallets compared to other assets.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
The latest Santiment data underscores the dominance of the top 10 Shiba Inu addresses, which together hold more than 623 trillion SHIB out of the asset’s initial supply of one quadrillion.
Although this concentration places SHIB above Ethereum and Uniswap in terms of top-holder share, the inclusion of a burn wallet and exchange custodians in the list provides some reassurance that the risks of abrupt, large-scale selling are limited.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
