Massive Wallet Stirs Tension in the Shiba Inu Community
2025-07-16 11:19:38
Main Idea
A wallet holding 41% of Shiba Inu's total supply raises concerns about decentralization and market risks, while the ecosystem continues to expand despite these worries.
Key Points
1. A single wallet controls 41% of Shiba Inu's (SHIB) total supply, sparking concerns about decentralization and the identity of the holder.
2. Possible identities of the wallet owner include an early investor, a centralized exchange, or Shiba Inu's founder Ryoshi, who previously claimed to hold no SHIB.
3. The large holding poses market risks, as sudden sales or transfers could trigger significant price drops, especially during low liquidity periods.
4. Despite these concerns, Shiba Inu's ecosystem is growing with projects like Shibarium, ShibaSwap, and metaverse ventures.
5. SHIB's price has recently risen by 19.7% over two weeks and 5.3% in 24 hours, outperforming Dogecoin.
Description
The Shiba Inu ecosystem faces concerns over a wallet holding 41% of its supply. Uncertainty about the wallet's owner undermines decentralization beliefs in the community. Continue Reading: Massive Wallet Stirs Tension in the Shiba Inu Community The post Massive Wallet Stirs Tension in the Shiba Inu Community appeared first on COINTURK NEWS .
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