CandleFocus Shiba Inu Lead Reacts as Whale Turns $10K in SHIB to $2.5B and Continues to Hold Since Launch
2024-11-20
Author: Content Editor
A blockchain analytics platform called Bubblemaps has uncovered the activity of a whale investor in the Shiba Inu cryptocurrency. The investor initially purchased $10,000 worth of Ethereum in 2020 and has seen it grow to a staggering $2.5 billion. Despite the massive gains, the whale has chosen to hold onto his holdings and has diversified them across multiple wallets for security and privacy. This individual remains one of the most significant investors in the SHIB ecosystem, controlling around 10% of the token's total supply. The identity of the investor remains unknown, leading to speculation and debates about their motivations. Shiba Inu's lead developer, Shytoshi Kusama, urged caution and skepticism regarding anyone claiming to be the investor unless they can prove it through wallet activity.
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