{"id":13696,"date":"2021-10-28T16:54:13","date_gmt":"2021-10-28T16:54:13","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/shiba-inu-soars-knocking-dogecoin-down-a-notch-20-holders-own-75-of-the-shib-supply\/"},"modified":"2021-10-28T16:54:13","modified_gmt":"2021-10-28T16:54:13","slug":"shiba-inu-soars-knocking-dogecoin-down-a-notch-20-holders-own-75-of-the-shib-supply","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/shiba-inu-soars-knocking-dogecoin-down-a-notch-20-holders-own-75-of-the-shib-supply\/","title":{"rendered":"Shiba Inu Soars Knocking Dogecoin Down a Notch \u2014 20 Holders Own 75% of the SHIB Supply"},"content":{"rendered":"

The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside the massive circulating supply of 549 trillion tokens.<\/strong><\/p>\n

Shiba Inu Taps All-Time Price Highs Knocking Down the Dogefather<\/h2>\n

This week the crypto asset shiba inu (SHIB) reached an all-time high (ATH) on a few occasions, including today, during the early morning trading sessions. SHIB\u2019s ATH was around $0.00008616 and then the value subsequently dipped 11% below the high. SHIB\u2019s market valuation has soared to $40 billion and it has allowed the shiba inu token market to enter the top ten crypto assets. Shiba inu managed to knock dogecoin (DOGE) down a notch as well from the ninth position to the tenth.<\/p>\n

SHIB is mostly traded with tether (USDT<\/a>) these days as USDT<\/a> commands over 76% of all SHIB\u2019s trades during the last 24 hours. SHIB\/USDT<\/a> pairs are followed by BUSD (13.13%), TRY (4.96%), EUR (3.10%), and USD (0.84%).<\/p>\n

The top SHIB exchange today is Binance followed by Huobi Pro, Okex, Coinbase, and Poloniex. While BTC<\/a>\u2019s trade volume is around $45 billion on Thursday, SHIB\u2019s is just a hair lower with $41 billion in 24-hour swaps across the globe.<\/p>\n

Shiba Inu Whale Concentration 75% for 20 Unique Addresses<\/h2>\n

Meanwhile, there\u2019s a whole lot of SHIB in circulation, even after Vitalik Buterin gave away 1 trillion tokens and the network\u2019s deflationary features. Today there are 549 trillion SHIB tokens in existence, which is far from being scarce like other crypto assets such as bitcoin. Bitcoin\u2019s whale concentration is far lower as the rich list is around 14.65%<\/a> while SHIB\u2019s rich list is shockingly different. BTC<\/a>\u2019s concentration by large holders, according to Into the Block stats<\/a>, is only 11%.<\/p>\n

According to coincarp.com<\/a>\u2019s data, 10 holders are hoarding 71.90% of the circulating supply. Out of 838,305 unique addresses (holders), 20 holders command 75.95% of the supply. As the circulating supply of BTC<\/a> on Wednesday is 18,856,937, it is much smaller than the 549,153,115,436,361 SHIB in existence today. The top 100 SHIB holders out of the 838,305 own 80.48% of the SHIB supply.<\/p>\n

What do you think about SHIB making it into the top ten digital currencies by market cap and knocking dogecoin down a notch? What do you think about SHIB\u2019s concentration with large holders? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarket Updates, 549 trillion, 75% to 20 addresses, Bitcoin, Bitcoin (BTC), BTC, BTC\u2019s concentration, dogecoin, Dogecoin (DOGE), Holders, large concentration of holders, Meme Currency, Scarcity, shib, SHIB ATH, SHIB market cap, SHIB markets, SHIB price, shiba inu, shiba inu (SHIB), Shiba Inu Price, Trillions of coins, Whales<\/p>\n","protected":false},"excerpt":{"rendered":"

The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside…<\/p>\n","protected":false},"author":0,"featured_media":13697,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13696"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13696"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13697"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}