A significant Shiba Inu (SHIB) whale, identified as the address 0x1406, has implemented a strategy move to divide their large holdings into smaller wallets, potentially attracting less attention. This has raised suspicions within the crypto community, with some rumors suggesting it could be an attempt to evade scrutiny.
The revelations were brought to light by Bubble Maps, a cryptocurrency data analytics firm, and the data was announced in a series of tweets on Thursday. The firm also expressed concerns about the identities of Shiba Inu’s anonymous original founders, Ryoshi and Shytoshi Kusama, stating that these wallets were associated with the owner of SHIB.
SHIB’s anonymous founder is ONCE AGAIN trying to hide from you! What’s the idea? To make it difficult to track by splitting a large wallet into several smaller ones.
The history of the aforementioned SHIB whale’s assets dates back to 2020 when the emerged wallet purchased 100 trillion SHIB tokens shortly after the token’s launch. These assets were later divided into 13 wallets. This move seems to have significant implications for tracking and tracing. Interestingly, in early 2020, the total amount controlled by this group of wallets represented 10% of the SHIB supply, which equated to over 1 billion dollars.
In 2021, when SHIB’s market value reached 40 billion dollars, the whale with 5 billion dollars in one wallet split their SHIB holdings into wallets. They did this by sending 60 trillion to one wallet and 30 trillion to each of the other six wallets, while keeping 10 trillion in the original wallet. According to Bubble Maps, although these transactions were carried out with a clear intention, the exact purpose remains unknown.
Furthermore, since the emergence of these wallets, an interesting fact that caught Bubble Maps’ attention is that they have remained inactive without any buying, selling, or transferring.
After their initial emergence, Bubble Maps also revealed receiving an anonymous message from someone claiming to be the owner of SHIB, requesting the removal of the disclosures. The sender expressed concerns that the headline presented a “perfect plan” for potential attacks, highlighting the privacy and security issues faced by major crypto holders.
Particularly, recent developments have revealed that another wallet associated with the alleged owner of SHIB, 0x1406 and 0xc1ca wallets, has slowly been disposing of SHIB tokens by transferring them to 20 brand new wallets.
The founder aims to completely eliminate their cluster by emptying these 2 wallets. See what happens when they are removed from the bubble map!