The Shiba Inu community has recently been confronted with controversial claims about the ownership of large SHIB wallets.

Some individuals have claimed they own several high-value SHIB addresses. These addresses control a massive portion of SHIB’s circulating supply. This has raised concerns about the potential market impact if these wallets are used for large-scale sales. 

Shiba Inu Lead Debunks Ownership Claims

However, Shiba Inu lead developer Shytoshi Kusama has recently debunked these assertions. Kusama took to X to address these claims, urging caution among community members and dismissing the idea that any individuals outside of known exchanges control these large wallets. He challenged anyone making such claims to provide clear proof of ownership before further misleading the community. According to Kusama, the claimants can easily prove their ownership by sending a specific amount of SHIB from the alleged wallet to another address, which would clearly validate their connection to the wallet in question.

The lead developer made it clear that unless someone can verify their claims by sending a precise number of SHIB tokens, investors should dismiss these statements as baseless. He cautioned the community to avoid falling victim to these misleading assertions, which could trigger unnecessary fear and affect market confidence.


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