Single Whale Controls 41% of Shiba Inu Supply, Raising Centralization Concerns
2025-07-16 08:29:20
Main Idea
A single entity controls 41% of Shiba Inu's total supply, raising concerns about centralization and the project's decentralization claims.
Key Points
1. A single whale holds 41% of Shiba Inu (SHIB) supply, valued at over $5.4 billion, sparking speculation about the entity's identity.
2. Possible identities include an early investor, a centralized exchange holding tokens for users, or the pseudonymous founder Ryoshi.
3. Such a large concentration of SHIB in one wallet could undermine confidence in the project's decentralization and its broader utility efforts.
4. Shiba Inu has been working on expanding its utility with projects like Shibarium (Layer-2 blockchain) and ShibaSwap (decentralized exchange).
5. The situation highlights potential risks to SHIB's market stability and decentralization narrative if the whale decides to sell or manipulate the market.
Description
A significant development in the Shiba Inu (SHIB) ecosystem has come to light, revealing that an unknown wallet now commands a staggering 41% of the meme coin’s total supply, valued at over $5.4 billion. This highly concentrated ownership has sparked considerable concern within the community, primarily raising questions about the potential for market manipulation and … Continue reading "Single Whale Controls 41% of Shiba Inu Supply, Raising Centralization Concerns" The post Single Whale Controls...
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