Early Shiba Inu (SHIB) investors are among the luckiest few in the cryptocurrency community. Those who held on until SHIB hit an all-time high of $0.00008616 in October 2021 made huge returns on minimal investments. During the bull market of 2021, the price of dog-themed cryptocurrencies skyrocketed by millions of percent. Early participants in the project became millionaires overnight.
According to Bubblemaps data, one of the earliest Shiba Inu (SHIB) whales controls nearly 10% of the asset's supply. Despite the massive gains, the whale's wallet continues to hold its tokens. Between August and October 2020, the whale purchased SHIB worth 38 ETH, which was around $10,000 at the time.
How did $10,000 turn into $2.5 billion?
Fast forward to October 2021, after SHIB hit an all-time high, the value of SHIB held by this whale surged to nearly $5 billion. To enhance anonymity, this whale divided its holdings into 14 different wallets. In 2023, this whale further split its holdings into 150 different wallets.
In the past few years, the value of Shiba Inu (SHIB) has significantly dropped. The asset is down 71.6% from its peak in 2021. As a result, this whale's holdings have also lost some value. Today, this whale holds nearly $2.5 billion worth of SHIB, with no signs of selling.
What would happen if the whale sold its Shiba Inu?
This whale controls nearly 10% of the supply of SHIB. The SHIB tokens in the whale's wallet exceed those in the public wallets of Binance and Robinhood. If the whale decides to sell its tokens, the SHIB community will be thrown into chaos. The price of the asset could plummet, and investors and fans will start to panic.
The whale's steadfast diamond hands bring stability to the project. The identity of the whale is currently unclear. This person could even be the anonymous creator of SHIB, Ryoshi.
Early Shiba Inu (SHIB) investors are among the luckiest few in the cryptocurrency community. Those who held on until SHIB hit an all-time high of $0.00008616 in October 2021 made huge returns on minimal investments. During the bull market of 2021, the price of dog-themed cryptocurrencies skyrocketed by millions of percent. Early participants in the project became millionaires overnight.
According to Bubblemaps data, one of the earliest Shiba Inu (SHIB) whales controls nearly 10% of the asset's supply. Despite the massive gains, the whale's wallet continues to hold its tokens. Between August and October 2020, the whale purchased SHIB worth 38 ETH, which was around $10,000 at the time.
How did $10,000 turn into $2.5 billion?
Fast forward to October 2021, after SHIB hit an all-time high, the value of SHIB held by this whale surged to nearly $5 billion. To enhance anonymity, this whale divided its holdings into 14 different wallets. In 2023, this whale further split its holdings into 150 different wallets.
In the past few years, the value of Shiba Inu (SHIB) has significantly dropped. The asset is down 71.6% from its peak in 2021. As a result, this whale's holdings have also lost some value. Today, this whale holds nearly $2.5 billion worth of SHIB, with no signs of selling.
What would happen if the whale sold its Shiba Inu?
This whale controls nearly 10% of the supply of SHIB. The SHIB tokens in the whale's wallet exceed those in the public wallets of Binance and Robinhood. If the whale decides to sell its tokens, the SHIB community will be thrown into chaos. The price of the asset could plummet, and investors and fans will start to panic.
The whale's steadfast diamond hands bring stability to the project. The identity of the whale is currently unclear. This person could even be the anonymous creator of SHIB, Ryoshi.
