Shiba Inu (SHIB) remains one of the most successful meme tokens, thanks to early investors like a whale that controls 10% of the SHIB supply. This whale has held its position since the project's inception and has yet to sell a single token.
Whale Controls 10% of SHIB Supply
An analysis by Bubblemaps revealed that a single entity controls up to 10% of SHIB's total supply. As one of the earliest meme tokens with added utility, Shiba Inu gained massive popularity due to its exponential growth in the early days.
Despite unrealized gains of $2.5 billion, the whale has not liquidated any of its holdings. This behavior helps stabilize SHIB’s price by resisting the urge to sell during price surges. Its holdings even surpass those of public wallets like Binance and Robinhood.
Whale Has Held SHIB Since 2020
This major investor purchased SHIB between August and October 2020 for approximately 38 ETH (then valued at around $10,000). The purchases began shortly after the project launched in July 2020 with a fair distribution model, allowing anyone to establish early positions.
At one point, the whale’s unrealized gains reached $5 billion. To maintain anonymity, the whale distributed its holdings across 14 wallets, later expanding this to 150 wallets in 2023. This strategy obscured the true ownership of tokens, creating the illusion of decentralized holdings.
Support for Shiba Inu from a Legendary Investor
The whale is linked to pseudonymous crypto investor Shibtoshi_SG, the founder of SquidGrow. Known for supporting meme token communities and a long-term holding strategy, this whale's position is not intended for selling but rather serves as potential support for Shiba Inu and its ecosystem.
Shibtoshi’s approach aligns with Shiba Inu’s vision of making cryptocurrencies accessible to the broader public through meme tokens.
Shiba Inu: The Second-Largest Meme Token
Meme tokens collectively hold a total market value of over $115 billion, with SHIB boasting a market capitalization of $14 billion, making it the second-largest meme token after Dogecoin. Despite the growth of other tokens like PEPE, SHIB remains at the forefront.
Currently trading at $0.000025, SHIB is within the upper range of its 2024 price levels. The token hit its yearly high of $0.00003 and is expected to rise again during the next parabolic market phase.
Shiba Inu Ecosystem and Future Outlook
SHIB is a cornerstone of the Shibarium ecosystem, an L2 blockchain supporting 1.8 million addresses. Additionally, SHIB’s supply is continuously reduced through token burns, bolstering its value.
Despite its technical advancements, SHIB’s greatest strength lies in its meme potential and mass appeal, keeping it a prominent player in the crypto world.

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The first Pepe token holder achieved an astonishing return, turning a $26 investment into $60.3 million. However, he’s unable to cash in on these profits.
Since its launch in April 2023, Pepe quickly gained attention from the crypto community due to its meme-inspired story featuring the frog character Pepe. The interest driven by its meme appeal spurred impressive price growth.
While many early investors have already taken their profits, a major PEPE “whale” has seen a 232,068,400% return and continues to hold the asset. This investor turned $26 into $60.3 million but hasn’t sold to realize the profits.
The Catch
On-chain data reveals that this whale wallet spent 0.013 ETH ($26) to acquire 2.52 trillion PEPE tokens on April 14, 2023, just hours after the Ethereum-based meme coin launched. Since then, the investment’s return on investment (ROI) has skyrocketed.
However, this whale may never be able to cash out because the developers have blacklisted his address. Pepe’s smart contract has a built-in function allowing the lead developer to block specific wallets using the onlyOwner modifier.
There is speculation about why this address was blacklisted, with the prevailing theory suggesting that the wallet owner might be the PEPE developer. By blacklisting this wallet, it’s believed the developer aimed to prevent a significant sell-off that could impact the price.
The wallet holds nearly 0.6% of PEPE’s total supply, meaning that selling this stake could have a substantial impact on the token’s value. However, the actual reason for the blacklist remains unconfirmed and is subject to speculation.
While this particular “whale” can’t cash out, other early Pepe buyers have become millionaires after selling. For example, one PEPE whale earned $1.97 million in July from an initial $200,000 investment, marking an 886% return.
Pepe Reaches New All-Time Highs
Meanwhile, Pepe hit another milestone today, with the meme coin reaching a new all-time high of $0.00002524.
This growth was primarily driven by the news that California-based crypto exchange Robinhood added support for Pepe, ranking it as the third-largest meme coin by market capitalization.
At the time of writing, PEPE is trading at $0.00002322, up 84% in the last 24 hours. The frog-themed token currently holds the 14th spot in the crypto market cap rankings, valued at $9.77 billion.

#pepe⚡ , #memecoin🚀🚀🚀 , #WhalesBuying , #Whalestrap , #CryptoNewss

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“