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▲ Shiba Inu (SHIB)
Tension is rising in the market as an asset movement of approximately $2.3 billion has been detected in a super-large whale wallet believed to be linked to Ryoshi, the founder of Shiba Inu (SHIB).
According to U.Today, a cryptocurrency specialized media outlet, on April 30 (local time), it was confirmed that 800 billion SHIB were recently transferred externally from a super-large whale wallet holding a staggering 95 trillion SHIB. This wallet holds Shiba Inu currently valued at approximately $2.3 billion, representing a significant portion of the total circulating supply. This transfer has led to analyses suggesting that the movements of early investors, which had been quiet for some time, may have resumed.
Analysts are focusing on the possibility that this wallet is closely linked to Ryoshi, the anonymous founder of Shiba Inu. This is because the wallet's creation time and initial transaction records coincide with the early stages of Shiba Inu's launch. The 800 billion SHIB were divided and sent to several sub-wallets, and such decentralized movements are typically interpreted as a classic whale behavior pattern seen when preparing for money laundering or large-scale selling.
Within the Shiba Inu community, expectations and concerns are intertwined, with rumors of Ryoshi's return and even the possibility of a new project being discussed. Some investors warned that this asset movement could be a preliminary step for large-scale profit-taking, emphasizing the need to prepare for increased price volatility. Conversely, there is also an optimistic view that the movement of key early figures will inject new vitality into the entire ecosystem.
The market is keenly watching whether the 800 billion SHIB that were moved will be deposited into exchanges. This is because if this volume enters exchanges and is released into the market, a short-term downward pressure seems inevitable. Experts diagnosed that the fate of the remaining 94.2 trillion SHIB in the whale wallet will be the biggest variable determining the future price trend of Shiba Inu.
Currently, the Shiba Inu price has shown slight fluctuations since the whale's movement but appears to be maintaining its support level. Investors are monitoring on-chain data in real-time, closely watching for any further fund movements by the whale. As rumors of a link to the early founder have surfaced, this event is expected to be recorded as a significant incident that goes beyond a simple asset movement, assessing the governance structure and future direction of the Shiba Inu ecosystem.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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