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Home ยป Shiba Inu Whale Divides Massive Holdings, Raising Speculation

Shiba Inu Whale Divides Massive Holdings, Raising Speculation

A significant Shiba Inu (SHIB) whale, identified as address 0x1406, has fragmented its substantial holdings into smaller wallets, sparking suspicions within the crypto community.

by Alexander
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Cryptocurrency data analysis firm Bubble Maps recently revealed these actions in a series of tweets, suggesting that these wallets may be linked to the SHIB founder. This has led to doubts about the true identities of the anonymous founders, Ryoshi and Shytoshi Kusama.

Bubble Maps tweeted, “The anonymous founder of SHIB is trying to hide from you AGAIN! The idea? Spread one large wallet into several smaller ones, making it harder to follow.”

History of the SHIB Whale’s Holdings

The history of this SHIB whale’s holdings dates back to 2020 when the wallet in question acquired 100 trillion SHIB tokens shortly after the token’s launch. Subsequently, these holdings were divided among 13 wallets, making them challenging to track and monitor. At one point in early 2020, this group of wallets controlled 10% of the total SHIB supply, equivalent to over $1 billion.

In 2021, as SHIB’s market capitalization reached $40 billion, the whale, holding $5 billion in one wallet, divided its SHIB holdings by distributing 60 trillion to six wallets, 30 trillion to another six, and retaining 10 trillion in the original wallet. These transactions were executed with a clear intention, although the precise purpose remained undisclosed. Furthermore, since the formation of these wallet clusters, they have remained inactive, with no purchases, sales, or transfers, a fact that raised questions.

Attempt to Vanish Completely

Recent developments have seen wallets 0x1406 and 0xc1ca, another wallet associated with SHIB’s alleged owner, slowly being emptied by transferring SHIB tokens to 20 new wallets. This move appears to be an attempt to make the wallet cluster disappear completely.

Bubble Maps received an anonymous message from an individual claiming to be the SHIB owner, expressing concerns about the potential security risks posed by their thread and urging its removal.

 

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