Shiba Inu: How many Wallets hold over 2 Billion SHIB?

Paigambar Mohan Raj
Source: WallpaperAccess

Shiba Inu’s (SHIB) popularity does not seem to be taking a beating despite the ongoing bear market. According to Whalestats, the popular canine-themed crypto project added 5000 new holders in 2 days. On November 17th, the total number of SHIB holders was 1,271,666, and on the 19th, this number jumped to 1,276,281.

Shiba Inu (SHIB) is as popular among retail investors as it is among whales. Ethereum (ETH) whales, in particular, have a keen interest in the popular dog coin. A majority of SHIB’s supply is in the hands of a few big whale wallets, which has often been a cause of concern among investors. If these wallets were to dump their SHIB holdings, it would cause catastrophe for the token’s price.

But, let’s take a look at…

How many wallets hold over 2 billion Shiba Inu tokens

According to Whalestats, 100 Ethereum whales hold a little more than 2 billion SHIB tokens. Nonetheless, the cost of 2 billion SHIB tokens comes to somewhere around $17k, based on prices at press time.

Additionally, the whale tracking website notes that the top 100 Ethereum whales hold around 80.3 billion Shiba Inu tokens, worth $697,580.

Source: Whalestats

Apart from whale and retail interest, SHIB adoption is also moving full steam ahead. A new restaurant called Shiba Wings is about to open its doors in Gold Coast, Australia. The restaurant will accept crypto payments thanks to NowPayments. NowPayments has allowed many businesses around the world to accept cryptocurrencies like Shiba Inu from their customers.

SHIB’s immense popularity makes it a lucrative form of payment for many establishments, many of whom do not want to miss out on the opportunity.

Nonetheless, the recent market plummet has had a detrimental effect on all major crypto projects. Shiba Inu also took a hit as it added another zero in front of its price. At press time, SHIB was trading at $0.00000867, down by 5.9% in the last 24 hours.