🪙 In the world of crypto, few tokens stand out like Shiba Inu (SHIB), the meme coin that rose to fame after Dogecoin's success.
🤔 However, recent revelations about the holdings of SHIB's mysterious founder, "Ryoshi," have caused concern and sparked discussions in the community.
💹 Market Fluctuations
📉 At the moment, SHIB's price has dropped by 4.91% in the last 24 hours, reaching $0.00002632.
💰 This decrease is accompanied by a 2.36% decline in market cap and a significant 30.45% decrease in 24-hour trading volume.
🧐 With such bearish sentiment prevailing, investors are closely examining every aspect of the SHIB ecosystem.
Founder’s Holdings Under the Spotlight 🕵️♂️
Central to this scrutiny is the revelation that Ryoshi allegedly holds a significant portion of SHIB tokens. 🕵️♂️
The founder has consistently disavowed ownership. 🚫
Initially presumed to control 10% of the total SHIB supply, recent analyses suggest this figure could be even higher, potentially reaching 17% when considering token burns. 📈
At current valuations, the Shiba Inu founder’s holdings could amount to a staggering $1.8 billion, soaring to $4 billion at SHIB’s peak market cap of $41 billion in October 2021. 💰
The disclosure of Ryoshi’s holdings has been further illuminated by crypto forensics firm Bubblemaps. 💡
It sheds light on elaborate attempts to conceal the stash through fund fragmentation across multiple wallets. 🌐
Bubblemaps founder Nick Vaiman detailed a complex process involving over 150 wallets. 🧩
It culminated in a stash representing 10% of the total SHIB supply, valued at nearly $2 billion. 💼
#HotTrands #Write2Earrn #BinanceVANAR #BinanceLaunchpool #BullorBear $SHIB
