Shiba Inu $2.5 Billion Secret: A Single Whale Reportedly Controls 10% of the Supply

The veil lifts on the biggest secret of Shiba Inu. A single whale, hidden in plain sight, emerges with a $2.5 billion treasure trove, reportedly controlling 10% of the supply.

A new revelation exposed the massive holding this week, which sent ripples through the Shiba Inu community, raising questions about potential market manipulation and the true nature of decentralization. An enigmatic entity, or “whale,” has been identified holding a staggering 10% of the total supply of SHIB tokens, valued at approximately $2.5 billion, according to data unearthed by Bubblemaps, a web-based visualization tool used to track cryptocurrency flows.

The Shiba Inu Whale’s Story

This disclosure, pieced together through intricate analysis of blockchain transactions, revealed a tale of astonishing prescience and concentrated wealth. In the nascent days of Shiba Inu, which launched in July 2020 as a purported “fair launch” accessible to all, an unidentified investor, operating under the wallet address 0x1406, seized an opportunity.

Between August and October of that year, they amassed a colossal 103 trillion SHIB tokens for a mere 38 ETH, equivalent to a paltry $10,000 at the time. This audacious investment, representing 10% of the total SHIB supply, has since ballooned into a digital fortune exceeding $2.5 billion, marking a staggering 250,000-fold return – a feat that could arguably be etched into the annals of cryptocurrency history as one of the most extraordinary trades ever executed.

Shiba Inu $2.5 Billion Secret: A Single Whale Controls 10% of the Supply — *credit: Bubblemaps*

Bubblemaps’ visualization tool, known for its ability to represent complex blockchain data in a user-friendly, bubble-like format, meticulously tracked the growth of this whale’s holdings. As the price of Shiba Inu soared, the digital footprint of 0x1406 expanded exponentially, eventually reaching a peak valuation of $5 billion.

However, this newfound wealth did not remain concentrated in a single wallet. In a bid to obfuscate their holdings and potentially avoid market scrutiny, the whale strategically dispersed their Shiba Inu tokens across a network of addresses. Initially, the holdings were fragmented into 14 addresses in November 2021, and subsequently splintered further into approximately 150 addresses, effectively camouflaging their presence from conventional blockchain explorers.

7/ His next move?

He split his holdings from 14 addresses into ~150 addresses.

These don’t appear on the default bubble map, but with Magic Nodes, his activity is impossible to misshttps://t.co/Gr1dNXX3EX pic.twitter.com/oPTYiJHMdD
— Bubblemaps (@bubblemaps) November 19, 2024

Bubblemaps, leveraging its “Magic Nodes” feature, a sophisticated analytical tool, was able to pierce through this veil of complexity, revealing the intricate web of interconnected addresses controlled by the whale. This discovery underscores the limitations of standard blockchain analysis tools and highlights the growing sophistication of large-scale cryptocurrency investors.

Shiba Inu Visionary Issues Warning

The revelation of this gargantuan holding ignited a firestorm of debate within the Shiba Inu community. Shytoshi Kusama, the pseudonymous visionary of the cryptocurrency project, issued a cautionary statement, warning investors about the potential dangers posed by this unknown entity.

“No one knows this mysterious person and should be weary of anyone who can’t PROVE through wallet movement they’re the person,” Kusama emphasized. “Don’t believe the hype.”

While the identity of the whale remains shrouded in mystery, their actions serve as a stark reminder of the inherent risks and complexities of the cryptocurrency market. As investors grapple with the implications of this revelation, the tale of the Shiba Inu whale will undoubtedly continue to be a subject of intense scrutiny and speculation, leaving a lingering question mark over the future of this popular dog-themed altcoin.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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