Top 10 Shiba Inu Holders in 2023

Shiba Inu is a hugely popular meme token, second only to Dogecoin. SHIB made a huge splash in 2021 when it skyrocketed in value and became one of the biggest cryptocurrencies on the market. When it comes to major cryptocurrencies, it’s especially interesting to follow the on-chain activity of the biggest whales, as it allows us to gain valuable insights into what might happen in the markets next.

SHIB is an ERC-20 token issued on Ethereum. Thanks to the transparency of the Ethereum blockchain, we can see exactly how many SHIB tokens are in the hands of the token’s biggest holders. In this article, we’ll show you the top 10 biggest Shiba Inu holders, and provide additional information about these addresses if it’s available. 

The top 10 Shiba Inu holders in 2023

Without further ado, let’s check out the top 10 SHIB holders and learn a bit more about these Shiba Inu whales.

Data as of August 9, 2023. 

If you want to see an up-to-date Shiba Inu holders chart, your best bet is to head over to Etherscan, the most popular Ethereum block explorer. Etherscan provides a helpful breakdown of the biggest Shiba Inu coin holders and provides a visual representation of the SHIB token distribution. 

1. Burn address used by Vitalik Buterin

0xdEAD000000000000000042069420694206942069

Shortly after the Shiba Inu token was created, 50% of the total SHIB supply was sent to Ethereum inventor Vitalik Buterin. This was presented as a type of token burn, as Buterin is a highly respected member of the cryptocurrency community and it would be extremely unlikely that he would “dump” this huge amount of SHIB on the market. 

Before we continue, we should clarify that Vitalik Buterin has no affiliation with the founders Shiba Inu and had no role in creating the project.

In 2021, Buterin decided to put his SHIB tokens to good use and donated around 10% of the SHIB in his wallet to charitable causes, including the India Covid Crypto Relief Fund, as well as a PhD program dedicated to researching AI safety.

Buterin decided to burn the remainder of his SHIB holdings by sending the tokens to a burn address. A burn address (sometimes also referred to as a null address) is an address that nobody has the private keys to. Therefore, any tokens held on such an address are effectively removed from circulation permanently.

The burn address used by Vitalik Buterin is by far the largest “holder” of SHIB. Image source: Etherscan

2. Binance wallet #28

0x5a52E96BAcdaBb82fd05763E25335261B270Efcb

The second-biggest among Shiba Inu holders is a wallet owned by the Binance cryptocurrency exchange. On Etherscan, this wallet is tagged as “Binance 28”. 

This particular wallet doesn’t only hold SHIB, but also has $259 million worth of ETH, almost $300 million worth of USDT, as well as large quantities of other tokens such as LINK, MATIC, SAND, LDO and many more.

According to Binance’s proof-of-reserves page, the exchange holds a total of 79.1 trillion SHIB across its different wallets. In dollar terms, this translates to roughly $765 million. 

3. Crypto.com wallet

0xf3B0073E3a7F747C7A38B36B805247B222C302A3

The third largest SHIB holder is a wallet that’s believed to be owned by the Crypto.com cryptocurrency exchange. This wallet does not have a public tag on Etherscan, although it is tagged as belonging to Crypto.com on CertiK’s Skynet platform.

This wallet holds 43.6 trillion SHIB, which translates to roughly $424 million at the time of writing this article. As an exchange wallet, it of course also holds large quantities of other tokens, including CRO, MATIC, USDT and many others. The total value of this wallet’s holdings is estimated at more than $813 million. 

4. Binance wallet #8

0xF977814e90dA44bFA03b6295A0616a897441aceC

The fourth largest SHIB holder is another wallet owned by Binance, tagged as “Binance 8” on Etherscan. In addition to its substantial SHIB holdings of 33 trillion tokens, this wallet also holds 1.07 million ETH, which is worth close to $2 billion at the time of writing. 

5. Robinhood wallet custodied by Jump Trading

0x40B38765696e3d5d8d9d834D8AaD4bB6e418E489

According to blockchain intelligence platform Arkham Intelligence, the 5th largest SHIB holder is a wallet containing funds that belong to the Robinhood trading platform, but are being custodied by Jump Trading. The wallet owns roughly $194 million worth of SHIB, as well as about $2.76 billion worth of ETH. The wallet also holds sizeable amounts of LINK and AVAX. 

6. BitGo multisig wallet

0x422193843Fe209fAA94F5cc1780E04965E77Cb7F

The sixth-largest holder of SHIB is a multisig (or multi-signature) wallet managed by cryptocurrency custody firm BitGo, according to Arkham Intelligence. Unlike most of the wallets we have highlighted so far, this wallet’s only significant holding is SHIB. It holds 13.6 trillion SHIB, which translates to roughly $132 million. 

A multisig wallet is a unique type of cryptocurrency wallet that requires multiple private keys for a transaction to be authorized. Standard cryptocurrency wallets, on the other hand, only require one private key to authorize a transaction. 

Multisig wallets offer enhanced security and are commonly used to manage large amounts of cryptocurrency, or manage wallets such as DAO wallets where the funds are being managed by multiple people.

7. OKX wallet

0x6cC5F688a315f3dC28A7781717a9A798a59fDA7b

This wallet is owned by OKX, one of the largest cryptocurrency exchanges on the market. It holds 10 trillion SHIB tokens, which are worth about $98 million at current prices. The wallet also holds large amounts of OKB, UNI, BLUR, THETA, LINK and other ERC-20 tokens.

8. xSHIB smart contract

0xB4a81261b16b92af0B9F7C4a83f1E885132D81e4

This address is a smart contract for xSHIB, a token that SHIB stakers receive after staking their tokens on the ShibaSwap platform. Users receive an amount of xSHIB equivalent to the amount of SHIB they staked to represent their share of the staking pool. xSHIB holders receive reward in the form of BONE tokens, as well as a portion of the ETH paid for transaction fees on the ShibaSwap DEX.

9. Anonymous SHIB whale wallet #1

0xF28d22C8b25fF8fA961E305BBa701918DdC3339a

This is a wallet containing almost exactly 10 trillion SHIB, which is worth about $98 million. The wallet’s only holds a notable balance in SHIB, although it has received some transactions containing other tokens (most likely, these were spam transactions). The identity of this wallet’s owner is unknown.

10. Anonymous SHIB whale wallet #2

0x99c1406452470cfCE0FAdd355C41077593680e76

This is another wallet that holds 10 trillion SHIB tokens, and the identity of its owner is unknown.

This address is similar in many ways to the 9th largest SHIB holder. Both addresses received 10 trillion SHIB tokens on the same day, November 2, 2021. In addition, both addresses have never made any outgoing transactions. With this in mind, we can say that it’s quite likely that they belong to the same person or entity.

The bottom line

Many of the top SHIB holders are cryptocurrency exchange wallets, as one would perhaps expect. However, there’s also some fascinating addresses that don’t belong to exchanges, such as the burn address used by Vitalik Buterin and the addresses containing 10 trillion SHIB each, which are likely controlled by the same anonymous whale.

If you’re interested in more content about Shiba Inu, make sure to check out our article exploring whether it’s reasonable to expect SHIB to reach 1 cent.

FAQs

Who are the big Shiba Inu holders?

Most of the big Shiba Inu holders are cryptocurrency exchanges, which hold large amounts of SHIB tokens on behalf of their customers. However, there are also four wallets that each hold 10 trillion SHIB tokens. These wallets might be owned by the same anonymous SHIB whale.

How many Shiba Inu holders are there?

According to data sourced from the blockchain, there are more than 1.3 million wallets on the Ethereum blockchain that hold Shiba Inu. However, the real number of Shiba Inu holders is actually larger, as some holders have their entire SHIB balances on a cryptocurrency exchange.