Robinhood holds 39.27T SHIB, but burn address dwarfs all holders
In brief
- Robinhood holds 39.27 trillion SHIB (3.93% of supply), valued at $161.8 million
- Shiba Inu's burn address holds 41.04% of supply, the largest wallet concentration
- Vitalik Buterin burned 410 trillion SHIB in May 2021, seeding the burn address
- Remaining 58% of SHIB supply distributed across exchanges and individual wallets
The Holder Hierarchy
Robinhood's SHIB holdings represent 3.9274% of Shiba Inu's total supply, according to Etherscan data. At current prices, that position is worth roughly $161.8 million. It's a massive concentration in a single institutional wallet—but it pales against the burn address.
Shiba Inu's burn address holds 410.43 trillion SHIB, accounting for 41.04% of the token's total supply. A burn address is a wallet address with no known private key and is neither owned by nor accessible to anyone. Those tokens are permanently removed from circulation.
How the Burn Address Got So Large
Ethereum creator Vitalik Buterin sent more than 410 trillion SHIB tokens to the burn address in May 2021, when that volume was worth roughly $6.7 billion. That single transaction seeded the burn address and created the deflationary mechanism Shiba Inu relies on today.
The token continues to burn. 3.43 million SHIB were burned in the last 24 hours, maintaining the downward pressure on circulating supply.
Distribution of the Remaining Supply
The remaining 58.06% of SHIB supply is shared mostly among exchanges and individual wallets. Exchanges hold larger amounts on behalf of their users, fragmenting what would otherwise be massive concentrated positions.
Recent moves in the institutional space have also touched Shiba Inu. T. Rowe Price launched what it says is the industry's first actively managed multi-token spot crypto exchange-traded fund (TKNZ), giving investors exposure to a portfolio of crypto assets including Shiba Inu. That development signals growing appetite for regulated crypto exposure at the fund level.
At the time of reporting, Shiba Inu was down 0.71% in the last 24 hours to $0.00000413.
Frequently asked questions
What is a burn address?
A burn address is a wallet with no known private key and is neither owned by nor accessible to anyone. Tokens sent there are permanently removed from circulation, reducing total supply.
Why does Shiba Inu have such a large burn address?
Ethereum creator Vitalik Buterin sent over 410 trillion SHIB to the burn address in May 2021, worth $6.7 billion at the time. This seeded the deflationary mechanism that continues to reduce circulating supply.
Does Robinhood hold the most SHIB?
Robinhood holds the most SHIB among active, owned wallets with 39.27 trillion tokens. However, Shiba Inu's burn address holds 41% of total supply—far more than any individual or institutional holder.
