Blockchain analytics platform Bubblemaps has uncovered the actions of a Shiba Inu whale who turned a $10,000 investment into $2.5 billion but continues to hold the tokens. Bubblemaps, known for using visual tools to analyze blockchain data, highlighted the whale’s transactions from the launch of Shiba Inu in 2020.
$10K Investment Grows Astronomically
The investor initially bought Shiba Inu (SHIB) during its launch phase in July 2020. Using 38 Ethereum (ETH) worth $10,000 at the time, the whale purchased 103 trillion SHIB tokens between August and October 2020. Today, that investment has skyrocketed to $2.5 billion, delivering a staggering 250,000x return. At SHIB’s peak price, the holdings briefly touched $5 billion.
Instead of cashing out during SHIB’s price surge, the whale diversified holdings across multiple wallets to enhance privacy and security. In November 2021, the whale began splitting assets into 14 wallets after SHIB’s price dropped from its all-time high of $0.00008845.
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Bubblemaps first identified this address in January 2023. Following the exposure, the whale further distributed holdings across 150 wallets. In September 2023, Bubblemaps received an anonymous message from the suspected owner, citing security concerns.
Whale Still Controls 10% of SHIB Supply
The whale currently holds around 10% of SHIB’s total supply, making them a key player in the ecosystem. Despite market volatility and several chances to sell for massive profits, the investor continues to hold, sparking debates about their identity and motives.
Shiba Inu lead developer Shytoshi Kusama reacted cautiously to the revelations. Kusama noted that the whale’s identity remains unknown and advised the community to verify claims of ownership only through wallet activity.
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Bubblemaps has previously speculated the wallets might belong to SHIB’s anonymous founder, Ryoshi, but no concrete proof exists.
This whale’s extraordinary commitment continues to fuel speculation and curiosity within the Shiba Inu community.
