I’ve seen this posted on here as well. I wish people would do a tiny bit of research instead of believing everything they read. But just a quick clarification of the top 10 wallets.
41% is held in the burn wallet, and can’t be accessed.
4.48% is held by crypto.com
4.4% is held by the xSHIB contract (SHIB staking on shibaswap)
4% is held by an account which has received funds from India covid relief
4% in two top 10 wallets is our mystery whale
3.3% is held by Binance
2.5% is held by someone unknown who just activated their wallet after a long time
1.9% is held by someone who’s been slowly transferring to crypto.com probably selling off small chunks
1.1% is held by a fairly new wallet
So around 53% of the supply is in the burn wallet + a few exchanges. Around 13% is held by some serious whales. Most likely some devs in there who are slowly selling off little by little as to not crash the price.
For the astute amongst you, you’ll notice it’s not 71% either 🙂
I think people a lazily just looking at CMC without looking a little deeper into the holdings. But there you are
submitted by /u/Palmitic256
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