Leading blockchain explorer Etherscan published new data showing the top 50 wallets that own the highest number of Shiba Inu tokens. The rich list includes important trading platforms, and individual whales, among various others. The wallets hold trillions of SHIB tokens worth millions of dollars.The top 50 wallets own nearly 40% of all Shiba Inu in circulation while the rest of the tokens are held by common investors. In this article, we will highlight who owns the biggest number of Shiba Inu tokens and reveal the identity of the holders.Shiba Inu: Here’s Top 50 Wallets That Own Trillions of SHIB TokensEtherscan’s latest data shows that the ‘Null’ wallet holds 41% of all SHIB and is worth $3.95 billion. The ‘Null’ wallet is the dead wallet where all tokens that are burned and removed out of circulation fall. Therefore, nobody owns that wallet but it eventually plays a role in making SHIB tokens scarce.Top cryptocurrency exchange Binance owns several wallets that have trillions of SHIB in it. Binance holds three different large wallets that contain $765,852,247 ($765 million) worth of SHIB tokens, respectively.Below is the snapshot of the top 50 Shiba Inu holders who own a major portion of the token.Source: EtherscanAdditionally, the Robinhood exchange holds 27 trillion SHIB tokens worth a staggering $258 million and is the fifth largest SHIB holder. The OKX exchange holds 10.7 trillion SHIB worth $107 million and is the seventh biggest holder of SHIB. Crypto.com owns 7.3 trillion SHIB worth $70.5 million becoming the 16th largest holder. KuCoin and Kraken own $31.4 million and $29.5 million, respectively.At press time, SHIB was trading at $0.00000975 and is down nearly 3% in the 24-hours day trade. SHIB is also down close to 89% from its all-time high of $0.00008616, which it reached in October 2021.#ShibaInuEcosystem #dyor

As the new year rolls in, the Shiba Inu ecosystem development team has teased more concerted advancement efforts toward the SHIB project.
Read more on: https://thecryptobasic.com/2024/01/01/shiba-inu-team-teases-serious-developments-game-changing-stuff-for-2024/
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With the falling of the 2023 curtain, the Shiba Inu team endeavored to recap the most significant events that unfolded within the Shiba Inu ecosystem throughout the year. 
Read more on: https://thecryptobasic.com/2024/01/03/2023-review-key-milestones-and-events-for-shiba-inu/
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Shiba Inu (SHIB) is one of the two cryptocurrencies that Dubai-based Coinswapz promotes at the entrance of its office complex.
Read more on: https://thecryptobasic.com/2023/12/27/dubai-spotlight-shiba-inu-takes-prominent-position-at-top-exchange-office/
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Shiba Inu’s stint above the $0.00001 mark means more holders have crossed the chasm from being in losses to profit.
Read more on: https://thecryptobasic.com/2023/12/27/here-are-shiba-inu-holders-in-profit-as-shib-trades-above-0-00001-for-nine-straight-days/
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Shiba Inu’s L2 blockchain surpasses 150 million transactions, stirring a reaction from SHIB lead developer Shytoshi Kusama.
Read more on: https://thecryptobasic.com/2023/12/21/shiba-inu-lead-developer-celebrates-this-shib-milestone/
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The realm of cryptocurrencies is consistently filled with speculation and enthusiasm, and Shiba Inu (SHIB) is no stranger to this dynamic environment. At the most recent update, SHIB holds a value of $0.00001056, indicating a slight 1.50% decrease in the past 24 hours. Nevertheless, the broader trend conveys an optimistic outlook, as the meme coin exhibits a noteworthy surge of 26.65% over the last 30 days. Investors and enthusiasts are closely monitoring these developments, paying meticulous attention to recent whale activities in the hopes of deciphering the coin’s future trajectory.Present SituationDespite the recent downturn, the overall sentiment surrounding Shiba Inu remains positive. The performance over the past 30 days illustrates a consistent upward trajectory, capturing the interest of both seasoned investors and newcomers to the crypto space. The prevalent question centers around whether these favorable trends will persist into January 2024, potentially laying the groundwork for a bullish run for Shiba Inu.Forecasts from Cryptocurrency ExpertsAs anticipation mounts, experts in the cryptocurrency field are preparing to unveil their projections for Shiba Inu’s price in January 2024. According to these specialists, the minimum trading cost for SHIB might linger around $0.00000962, offering a potential entry point for investors seeking to capitalize on a perceived dip. On the opposite end of the spectrum, the maximum price could reach $0.0000119 during the month, generating excitement for those anticipating substantial returns.The average forecast, as suggested by industry experts, indicates that Shiba Inu’s value might stabilize at approximately $0.0000108 in January. This middle-of-the-road estimate provides a foundation for investors to assess the potential range of fluctuations and make well-informed decisions based on their risk tolerance and investment objectives.Influential Factors Affecting Shiba Inu’s PerformanceSeveral factors contribute to the fluctuations in Shiba Inu’s value, prompting investors to closely monitor these variables to better comprehend the potential movements in January.Market Sentiment: Investor sentiment plays a pivotal role in crypto markets. Positive news, endorsements, or community-driven initiatives can create a bullish atmosphere, while negative developments may usher in a bearish trend.Whale Movements: Large holders, commonly known as “whales,” wield significant influence over the market. Observing their activities provides insights into potential shifts, with substantial purchases or sales possibly indicating forthcoming trends.Overall Cryptocurrency Market Trends: Shiba Inu is a vital part of the broader crypto ecosystem. General market trends, regulatory developments, and macroeconomic factors can all impact the coin’s performance.As Shiba Inu enthusiasts eagerly await the unfolding of January, the current scenario suggests a diverse array of potential outcomes. With recent positive trends and optimistic forecasts from experts, investors have reason to be cautiously optimistic. However, the inherent volatility in the crypto market emphasizes that unforeseen developments could reshape the trajectory.For those contemplating entry or expansion of positions in Shiba Inu, maintaining awareness of market dynamics, monitoring expert predictions, and being attuned to potential risk factors are essential for navigating the January surge. As the crypto community observes and anticipates, Shiba Inu remains a compelling case study in the unpredictable yet captivating world of digital assets.#SHIB💥 #ShibaInuEcosystem

The lead developer of the Shiba Inu ecosystem has argued that eliminating 99.9% of Shiba Inu’s circulating supply is not impossible.
Read more on: https://thecryptobasic.com/2023/12/23/shiba-inu-leader-says-burning-99-9-of-shiba-inu-is-not-impossible/
#Shiba.Inu-SHIB #Shibburning #ShibaInuEcosystem #ShibaInuSurge #CryptonewswithJack

Shiba Inu (SHIB), often positioned as the purported Dogecoin competitor, recently gained significant attention in the cryptocurrency market due to a surge in whale activity. This occurrence has fueled extensive speculation within the crypto community regarding the future trajectory of the token.Current Status of the MarketAs of the most recent update, Shiba Inu’s price has experienced a modest 1.17% decline in the past 24 hours. It is currently standing at $0.00001067. Despite this short-term decrease, the token has displayed resilience, boasting a weekly increase of 1.58% and a monthly surge of 27.23%. However, the trading volume witnessed a 7.06% decrease over the past day, settling at $184.11 million.Predictions for January 2024Cryptocurrency experts have shared their forecasts for Shiba Inu’s price in January 2024. Projections indicate a potential minimum trading cost of $0.00000950 during this period, with a maximum reaching $0.0000117. On average, industry forecasts suggest a stabilization of SHIB around $0.0000106.Year-End ProjectionsLooking toward the end of December, expectations suggest a downturn for the meme coin, with the asset projected to decrease by 8% to a low of $0.00001002. However, a rebound is anticipated as the new year unfolds. On Jan. 1, the meme coin is expected to experience a 5% increase, reaching a trading value of $0.00001154.Analysis of Market TrendsThe recent upsurge in whale activity has prompted speculation regarding Shiba Inu’s market dynamics. Whales, referring to large anonymous holders of cryptocurrency, often play a substantial role in influencing token prices. The market’s response to this activity and subsequent price movements have led analysts and enthusiasts to assess potential factors driving Shiba Inu’s performance.As SHIB navigates through the waves of whale activity and market fluctuations, the cryptocurrency community is eagerly anticipating the unfolding of the new year and the potential realization of forecasted price movements. With predictions indicating both downturns and rebounds, Shiba Inu remains a focal point for traders and investors, solidifying its position as a dynamic player in the constantly evolving crypto landscape. As January 2024 approaches, all eyes are on Shiba Inu to observe how it shapes the narrative of its journey in the crypto market.#ShibaInuEcosystem #dyor

INDODAX, Indonesia’s most prominent crypto exchange, has listed a Shiba Inu ecosystem token, Bone ShibaSwap (BONE). 
Read more on: https://thecryptobasic.com/2023/12/19/top-indonesian-exchange-lists-shiba-inu-bone-token/
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Shiba Inu lead developer Shytoshi Kusama calls the broader crypto community to join SHIB’s move for authentic domain naming and digital identities.
Read more on: https://thecryptobasic.com/2023/12/20/shiba-inu-lead-optimistic-about-ethereum-community-backing-this-new-shib-development/
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Amid the holiday season, Shiba Inu has seen a remarkable 17 billion SHIB burned over the last week alone. Moreover, that figure denotes a burn rate above 100%, a massively positive development for the meme coin. Indeed, Shiba Inu’s burn tracking platform, Shibburn, tweeted about the development.The strides in the burning of SHIB arrive as its layer-2 Shibaium network continues to experience massive positive. Specifically, BONE transfers within the network have officially exceeded the one million mark. Subsequently, the health of the Shiba Inu ecosystem could be a vital storyline heading into 2024.17 Billion SHIB Tokens Burned for Christmas!Within the digital asset industry, the growth of the meme coin market has been undeniable. Indeed, starting with Dogecoin (DOGE), this subsect of the crypto sector has seen tremendous growth in recent years. Perhaps no token has grown more than Shiba Inu. Moreover, as Christmas leaves us and the New Year approaches, it has made massive strides in its burning.Indeed, Shiba Inu has seen more than 17 billion SHIB burned over the last seven days alone. The development is a massive benefit to the market, as the declining supply has been a consistent goal for the meme coin. Additionally, the updated burn figures show more than 6 million of those tokens were burned in the last 24 hours. What is even better for Shiba Inu is how these kinds of victories coincide with the development of its layer-2 network. Indeed, Shibarium has continued to reach milestones and establish itself amid the vast digital asset industry. That evolution should continue throughout the new year.Moreover, so should the continued quest to burn SHIB tokens. Specifically, the SHIB development team had a massive role to play in the recent burning. Over that last seven-day time span, the team burned two stashes worth more than 8.5 billion SHIB each. This should provide some momentum as 2024 approaches.#ShibaInuEcosystem #dyor

Shiba Inu’s (SHIB) project lead has shared a new “MOOD” message that has got the community wondering what is the pipeline for the project.
Read more on: https://thecryptobasic.com/2023/12/19/whats-coming-for-shiba-inu-as-kusama-keeps-community-guessing-with-new-cryptic-message/
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The Shiba Inu (SHIB) community overwhelmingly won a poll for the most vocal and passionate community. 
Read more on: https://thecryptobasic.com/2023/12/18/shiba-inu-lead-reacts-as-shib-wins-big-poll/
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