A major Shiba Inu (SHIB)<\/span> whale marked as address 0x1406, has embarked on a strategy to divide their massive holdings into smaller, less conspicuous wallets. This has raised suspicions within the crypto community with some speculating that it may be an attempt to evade scrutiny.<\/span><\/p>\n The revelations were brought to light by Bubble Maps, a cryptocurrency data analysis firm, unveiled these findings in a series of tweets<\/span> on Thursday. The firm further asserted that these wallets were associated with the owner of SHIB, casting doubt on the identities of Ryoshi<\/span> and Shytoshi Kusama<\/a>, the anonymous original founders of Shiba Inu.<\/span><\/p>\n <\/p>\n \u201cThe anonymous founder of SHIB is trying to hide from you AGAIN! The idea? Spread one large wallet into several smaller ones, making it harder to follow\u201d<\/i> tweeted Bubble Maps.<\/span><\/p>\n<\/blockquote>\n The history of this said SHIB whale\u2019s<\/span><\/a> holdings goes back to 2020 when the marked wallet acquired 100 trillion SHIB tokens shortly after the token\u2019s launch. These holdings were later distributed across 13 wallets, a move that would have significant implications for tracking and monitoring. Interestingly, in early 2020, this group of wallets controlled 10% of the total SHIB supply, amounting to over $1 billion. <\/span><\/p>\n In 2021, as SHIB\u2019s market cap soared to $40 billion, the whale, holding $5 billion in one wallet, divided their SHIB<\/span> holdings by sending 60 trillion to six wallets, 30 trillion to another six, and retained 10 trillion in the original wallet. According to Bubble Maps, these transactions were executed with a clear intent, although the exact purpose remained undisclosed.<\/span><\/p>\n <\/p>\n <\/p>\n Furthermore, since the formation of these wallet clusters, they remained inactive, with no purchases, sales, or transfers, a fact that Bubble Maps found intriguing.<\/span><\/p>\n After their initial revelation, Bubble Maps received an anonymous message from an individual claiming to be the owner of SHIB, urging the removal of their thread. The sender expressed concerns that the thread offered a \u201cperfect blueprint\u201d for potential attacks, underscoring the privacy and security issues confronting major crypto holders.<\/span><\/p>\n Notably, recent developments also saw wallets, 0x1406 and 0xc1ca-another wallet associated with SHIB\u2019s alleged owner slowly being emptied<\/span> by transferring SHIB tokens to 20 brand new wallets. <\/span><\/p>\n \u201cBy draining those 2 wallets, the founder is aiming to make his cluster vanish completely. Look what happens when they are removed from the bubble map!\u201d <\/i>Bubble Maps wrote.<\/span><\/p>\n<\/blockquote>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114<\/a> and reach out to him at sunil (at) coingape.com <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\nIs Shiba Inu Founder Behind this?<\/b><\/span><\/h2>\n
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