Shiba Inu (SHIB), a meme token, has a single entity that controls 10% of its total supply and has not sold any tokens since the early days of the token. This whale holds more SHIB than major platforms like Binance and Robinhood, adding stability to the token's price. The whale initially acquired the holdings for a small investment and has unrealized gains of $2.5 billion. The whale's long-term position was discovered through on-chain analysis and anonymization techniques. This whale, believed to be the founder of the SqudGrow project, may be a strong supporter of the Shiba Inu project. Despite its concentration of supply, the SHIB token has not shown stagnation and is actively used for staking and within the Shibarium ecosystem. The token has a market capitalization of $14 billion, making it the second-largest asset in the meme token market. SHIB is trading within its expected range and may receive a boost from the rumors of a top crypto personality holding it long-term. The token's supply is diminishing through token burns, and its strong suit remains its meme potential and mainstream appeal.



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