In the latest developments in the world of Shiba Inu ($SHIB), reports have revealed that a huge whale owns 10% of the total SHIB supply, which is equivalent to $2.5 billion spread across 150 wallets. This information holds great implications for the future of the digital currency and its impact on the market. Here are the details you need to know. 🐕💰
🐕 The whale that started with $10,000 and reached $2.5 billion:
In August 2020, the whale purchased 103 trillion SHIB for 38 ETH, which was equivalent to $10,000 at the time. After some time, this holding grew to $2.5 billion, making a massive profit of 250,000 times. 💸📈
At the peak of the market in 2021, his holdings were valued at $5 billion, highlighting the huge potential for investment at the right time. 🚀🌐
⚠️ The whale and its trends: Is it an opportunity or a threat?
In November 2021, the whale diversified his investments across 150 portfolios in order to reduce risk and hide his movements. However, his holding of 10% of SHIB supply remains a major threat if he decides to sell, as it could significantly impact the market. 💣📉
🚀 How does this affect SHIB holders?
Stability at Risk: While a large holding may reflect confidence in SHIB’s future, the moves of this whale could cause significant market volatility. 🔄📊
Increased Risks: Having large amounts of currency in one hand increases the likelihood of liquidity crises that could negatively impact investor confidence. ⚠️🔑
