One Single Wallet Holds 41% of All Shiba Inu, a $5.5 Billion “Ticking Bomb”

One wallet holds 41% of SHIB supply, raising centralization and sell-off concerns. Whale identity remains unknown, sparking speculation of ties to Ryoshi or exchanges. Shibarium and metaverse efforts may counter whale fears with ecosystem expansion. A single, mysterious wallet holding over 410 trillion Shiba Inu (SHIB) tokens worth $5.5 billion and accounting for 41% of the total supply , has triggered alarm among investors. With 1.46 million active addresses in the SHIB network, such dominance challenges the decentralized image the project has long promoted. As SHIB attempts to shake off its memecoin reputation and evolve into a broader ecosystem, the presence of a whale of this magnitude casts a long shadow. The Big Question: Who Is the SHIB Whale? The identity of the wallet’s owner remains a mystery, which has fueled widespread speculation across the crypto community. There are three main theories: It belongs to an early investor who bought a massive amount of SHIB before its meteoric rise in 2021. It is a cold storage wallet for a major centralized exchange , holding the assets on behalf of its millions of users. The most controversial th… The post One Single Wallet Holds 41% of All Shiba Inu, a $5.5 Billion “Ticking Bomb” appeared first on Coin Edition .

Source: Coin Edition