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▲ Shiba Inu (SHIB)
A massive asset movement of approximately $2.3 billion has been detected from a super large whale wallet presumed to be linked to Ryoshi, the founder of Shiba Inu (SHIB), raising tensions in the market.
According to crypto media U.Today on April 30 (local time), it has been confirmed that 800 billion SHIB were recently transferred externally from a super large whale wallet holding a whopping 95 trillion SHIB. This wallet holds Shiba Inu worth approximately $2.3 billion at current market prices, accounting for a significant portion of the total circulating supply. This transfer has led to speculation that the movements of early investors, which had been quiet for some time, might be resuming.
Analysts are focusing on the possibility that this wallet is closely related to Ryoshi, Shiba Inu's anonymous founder. 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 transferred to multiple sub-wallets, and such dispersed movements are typically interpreted as a characteristic whale behavior observed 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 the possibility of new projects 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, short-term downward pressure would be inevitable. Experts diagnose 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 after 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 connection to the early founder have surfaced, this event is expected to be recorded as a significant incident that goes beyond a simple asset transfer, providing insight into 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 any investment losses based on it. The content should be interpreted for informational purposes only.*
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