Shiba Inu (SHIB) is a cryptocurrency with a unique ownership structure that embodies the spirit of decentralization. Unlike traditional assets with clear ownership, Shiba Inu coin is not owned by any single individual or entity . Instead, it is considered a community-driven project that relies on the participation and enthusiasm of its global community, known as the “Shiba Army”.
While Shiba Inu was initially created by an anonymous individual or group operating under the pseudonym “Ryoshi” in August 2020, they later stepped back, leaving the project entirely in the community’s hands. Ryoshi explicitly stated that they did not own any SHIB, aiming for a truly unbiased and community-led venture.
In the early stages, a substantial portion of the SHIB supply (50%) was sent to Vitalik Buterin, the co-founder of Ethereum. Buterin subsequently burned 40% of the total supply by sending it to a dead wallet and donated the remaining portion to various charitable causes. This burn effectively removed a large number of tokens from circulation and is believed to have contributed to the increase in the price of SHIB.
Currently, the largest holder of SHIB is the aforementioned dead wallet, holding 41% of the total supply. Other significant holders include anonymous investors and major cryptocurrency exchanges like Binance and OKEx, which hold large reserves of SHIB to facilitate trading and liquidity. It is important to note that the ownership of cryptocurrencies is often difficult to track and verify due to the anonymous nature of blockchain technology.
The decentralized and community-driven nature of Shiba Inu is a core aspect of its identity and appeal. The project’s leadership team, including figures like Shytoshi Kusama, guides its development and expansion, but the ultimate direction and evolution of the Shiba Inu ecosystem are largely influenced by the collective efforts of the community. The “Shiba Army” plays a vital role in promoting the token, advocating for its use cases, and shaping its future.
Who is the owner of Shiba Coins?
About us. Created in August 2020 by a founder called Ryoshi, Shiba Inu takes its moniker from the cuddly dog of the same name. Shiba Inu is a leading force in the cryptocurrency world, proudly ranking as the 11th largest by market cap globally.