Shiba

Satoshi

Shiba Inu

<ul class="wp-block-list">
 <li>Shiba Inu creator’s wallet, possibly belonging to Ryoshi, holds $2.5 billion in SHIB tokens.</li>  
 <li>SHIB price drops 3.4%, down 72.56% from its all-time high in November 2021.</li>  
 <li>Despite the dip, SHIB has gained 29.35% in the last 30 days, with a $14.31B market cap.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/shiba-inu-community-stays-strong-despite-market-challenges/" rel="noopener noreferrer nofollow">The Shiba Inu community</a> is buzzing after a possible discovery of the creator’s wallet. The wallet holds $2.5 billion in SHIB tokens, and rumors suggest it belongs to Ryoshi, Shiba Inu’s mysterious founder. This news comes as SHIB’s price has dropped 3.4% in the past 24 hours. Will this revelation affect the meme coin’s future?</p>  
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<h2 class="wp-block-heading" id="h-the-mysterious-0x1406-wallet-and-massive-holdings">The Mysterious 0x1406 Wallet and Massive Holdings</h2>  
<p><a href="https://bubblemaps.io/" rel="noopener noreferrer nofollow">Blockchain platform Bubblemaps</a> recently pointed to wallet 0x1406 as a possible match for Ryoshi. This wallet holds 10% of the total SHIB supply. For years, the wallet has stayed untouched, holding a staggering $2.5 billion worth of SHIB tokens. Despite market fluctuations, the SHIB supply has remained stable in this wallet.</p>  
<p>Ryoshi, who created Shiba Inu, disappeared from social media without a trace, much like <a href="https://cryptonewsland.com/satoshi-nakamotos-identity-unveiled-in-hbo/" rel="noopener noreferrer nofollow">Bitcoin’s creator Satoshi Nakamoto</a>. The wallet has distributed tokens across 150 addresses, suggesting a strategic approach to preserving privacy. Though the wallet hasn’t sold much SHIB, its size and influence are undeniable.</p>  
<p>A significant player entered the SHIB scene in 2020, purchasing 103 trillion SHIB tokens for just 38 ETH. By 2021, the wallet’s value had ballooned to $5 billion. To spread risk and keep a low profile, the holder moved funds across 14 wallets. Today, 10% of the SHIB supply remains split across 15 states.</p>  
<h2 class="wp-block-heading" id="h-shib-s-price-action-and-market-performance">SHIB’s Price Action and Market Performance</h2>  
<p>In the past 24 hours, SHIB dropped by 3.4%, now trading at $0.00002434. This is a sharp decline from the all-time high of $0.00008845 in November 2021.</p>  
<p>Back then, the whale’s holdings were valued at $5 billion, but <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a> has since fallen 72.56%. Despite these struggles, SHIB has gained 29.35% in the last month. Its market cap now sits at $14.31 billion, placing SHIB in 11th position in market rankings.</p>  
<p>The Relative Strength Index (RSI) is at 59.42, signaling that bulls still hold control. However, SHIB may face further support testing around $0.000022. Traders and investors are waiting to see if the token can bounce back.</p>   
<p>The post <a href="https://cryptonewsland.com/shib-dips-amid-creators-wallet-reveal/" rel="noopener noreferrer nofollow">SHIB Price Dips 3.4% Amid Possible Reveal of Shiba Inu Creator’s Wallet</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

SHIB Price Dips 3.4% Amid Possible Reveal of Shiba Inu Creator’s Wallet

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