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Shiba Inu News: Whale Controls 41% of SHIB Supply—Is Ryoshi Back?
The recent report suggesting a single unknown wallet holds approximately 41% of the total Shiba Inu supply has sent shockwaves throughout the cryptocurrency market. The sheer magnitude of this whale’s influence raises concerns over potential market manipulation and undermines the project’s decentralization narrative.
A staggering $5.4 billion worth of SHIB is now in this anonymous wallet, a development that could have far-reaching implications for Shiba Inu holders. Despite initial fears of a possible pump or dump scenario, the project continues to expand its ecosystem with Shibarium, ShibaSwap, and metaverse initiatives.
Source: coinpedia.org
