2024-4-27 21:41 |
Arkham Intelligence has provided data on the accounts holding the most Shiba Inu (SHIB) tokens. The blockchain analytics firm also revealed each account’s current balance.
Meanwhile, Shiba Inu developers have announced that the Shibarium layer 2 solution will undergo a transformative hard fork on May 2.
Meet Top Shiba Inu HoldersArkham Intelligence has disclosed that the top wallet holding the biggest amount of the second-largest meme coin is the burn SHIB address. It holds 410,418,817,200,312.1 SHIB valued at around $10.33 billion. This figure represents around 41.04% of the total circulating supply of SHIB in the market. Notably, this is one of the wallets where all the burned Shiba Inu tokens are sent and then automatically locked.
One of the major exchange Crypto.com’s hot wallets, with its SHIB holdings of 37,570,344,005,265.1 ($950.5 million), sits in the second position — 3.76% of the circulating supply.
Third place is held by a Binance cold wallet, which currently holds 3.5% of the circulating SHIB supply—35,570,818,784,448.26 SHIB, equivalent to $885.5 million. Binance has previously confirmed in its Proof-of-Fund (PoF) report that it maintains a robust reserve of Shiba Inu.
Popular brokerage platform Robinhood ranked fourth, with its cold wallet holding 31,753,251,930,362.97 Shiba Inu, which is 3.18% of the supply worth $803 million. The Shib team’s wallet occupies the 10th spot on this list, holding 6,397,162,264,908 SHIB meme coins worth $164,920,000.
Huge Benefits Of Imminent Shibarium Hard ForkIn other related news, the Shiba Inu development team announced in a recent X post that the Shibarium hard fork is scheduled to go live on May 2.
The team noted that this hard fork would introduce several significant changes to the Ethereum L2 network, Shibarium. The hard fork aims to drastically improve transaction processing speeds. After the upgrade is activated, the network is expected to allow faster block production on Shibarium, thus decreasing the waiting time for confirmations. This is important for improving the efficiency and competitiveness of the layer-2 protocol.
Transaction fees will become more stable, especially during periods of high network traffic, after the hard fork is integrated. This modification is intended to prevent fee hikes that might discourage users from conducting transactions. In other words, the incoming upgrade will make Shibarium network fees more predictable — making it affordable and accessible for all users.
Shiba Inu is trading for $0.00002549 at press time, down 1.2% in the past 24 hours.
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