Controversy Surrounding Shiba Inu Founder’s Wallet
The Shiba Inu community has been in an uproar recently over reports about the founder’s wallet. Shibburn, a burn tracker driven by the Shiba Inu community, claimed that the pseudonymous founder Ryoshi holds $1 billion worth of SHIB tokens, which contradicts previous beliefs about his holdings. These claims are based on historical data from Bubble Maps, showing that wallets linked to Ryoshi controlled a significant amount of the SHIB supply as early as August 2020.
Concerns About Transparency and Security
Bubble Maps has been tracking the movement of these wallets, causing concerns within the community about transparency. The fact that the wallets have not sold any tokens raises worries that hackers may become interested in them. Ryoshi has not responded to these claims, but the project’s marketing specialist Lucie has denied them on her official X handle, stating that the wallets were created before the 2021 bull market and do not belong to Ryoshi.
Frustrations Addressed by Shibburn
Shibburn released its post in response to confusion among media outlets, investors, exchanges, and the crypto community regarding the ownership and control of the Shiba Inu project. They emphasized that there are no official tokens and no single entity controls SHIB tokens. The team also mentioned resistance they encountered after an announcement by the Shib Association, which led to disagreements within the community.
Hot Take: Questions Raised About Shiba Inu Founder’s Holdings
The controversy surrounding Shiba Inu’s founder Ryoshi and his alleged $1 billion worth of SHIB tokens has sparked concern within the community. While Shibburn claims to have evidence from historical data showing Ryoshi’s involvement with significant SHIB holdings, the project’s marketing specialist denies these claims. The transparency and security of these wallets have also come into question, with fears that hackers may target them. As the community awaits a response from Ryoshi, it remains to be seen how this controversy will impact the future of Shiba Inu.
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