Shiba Inu Whale Divides Holdings to Evade Scrutiny
A significant Shiba Inu (SHIB) whale, known as address 0x1406, has taken a strategy to split their massive holdings into smaller wallets. This move has raised suspicions within the crypto community, with some speculating that it might be an attempt to avoid scrutiny.
Is Shiba Inu Founder Behind This?
The findings were revealed by Bubble Maps, a cryptocurrency data analysis firm, in a series of tweets. The firm also suggested that these wallets were linked to the owner of SHIB, casting doubts on the identities of Ryoshi and Shytoshi Kusama, the anonymous original founders of Shiba Inu.
“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,” tweeted Bubble Maps.
The history of this SHIB whale’s holdings dates back to 2020 when the marked wallet acquired 100 trillion SHIB tokens shortly after the token’s launch. These holdings were later divided across 13 wallets, making it challenging to track and monitor. Interestingly, this group of wallets controlled 10% of the total SHIB supply, worth over $1 billion.
Unusual Inactivity
In 2021, as SHIB’s market cap reached $40 billion, the whale divided their SHIB holdings. They sent 60 trillion tokens to six wallets, another 30 trillion tokens to another six wallets, and kept 10 trillion tokens in the original wallet. Bubble Maps noted that these transactions had a clear intention, although the exact purpose remains unknown.
Furthermore, these wallet clusters have remained inactive since their formation, with no purchases, sales, or transfers. Bubble Maps finds this aspect intriguing.
After the initial revelation, Bubble Maps received an anonymous message from someone claiming to be the owner of SHIB. The sender requested the removal of their thread, expressing concerns about potential attacks and highlighting the privacy and security issues faced by major crypto holders.
In recent developments, wallets 0x1406 and 0xc1ca (another wallet associated with SHIB’s alleged owner) have been slowly emptied by transferring SHIB tokens to 20 new wallets.
“By draining those 2 wallets, the founder aims to make his cluster disappear completely. Look what happens when they are removed from the bubble map!” Bubble Maps wrote.
Hot Take: Shiba Inu Whale Attempts to Conceal Holdings
A major Shiba Inu (SHIB) whale has sparked suspicions within the crypto community by dividing their massive holdings into smaller wallets. This move is seen as an attempt to evade scrutiny and avoid detection. The anonymous founder of SHIB is believed to be behind this strategy, which involves spreading one large wallet into several smaller ones in order to make it harder to track. These actions have raised doubts about the identities of the original founders of Shiba Inu. Additionally, unusual inactivity in these wallet clusters and recent efforts to empty certain wallets further contribute to the speculation surrounding this whale’s motives.
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