41.04% of Shiba Inu Token Supply Held By Single Whale, Who’s Behind It?

Key Points

1. A single wallet holds 410,043,000,000,000 SHIB tokens, representing 41.04% of the circulating supply.

2. The value of the whale's holdings is approximately $5.43 billion as of July 1, 2024.

3. Shiba Inu's price performance may be heavily influenced by this large holder, raising decentralization concerns.

4. The SHIB community has 1.46 million active addresses, but one wallet dominates the supply.