CandleFocus Shiba Inu Lead Addresses Concerns Over Billion-Dollar SHIB Wallets
2024-10-14
Author: Content Editor
The Shiba Inu community has been faced with controversial claims about the ownership of large SHIB wallets, leading to concerns about potential market impact. However, the lead developer, Shytoshi Kusama, has debunked these claims and urged caution among community members. Kusama challenged the claimants to provide clear proof of ownership and dismissed the idea that individuals outside of known exchanges control these large wallets. Data shows that the top 11 largest SHIB holders are exchanges, while the top 20 holders include six non-exchange addresses. These addresses hold a significant amount of SHIB tokens but have remained inactive for nearly three years, leading to speculation about their owners' intentions. While the claims remain unproven, Kusama's response aims to ease concerns and prevent unnecessary fear in the market.
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