The Shiba Inu Whale: A $2.5 Billion Crypto Mystery
A single Shiba Inu ($SHIB) whale has been holding a staggering 10% of the total SHIB supply, distributed across 150 wallet addresses. Here’s the incredible story of one of the most legendary crypto trades ever.
The Birth of SHIB and the Whale’s Entry
• $SHIB was launched as a fair launch on July 31, 2020, giving everyone an equal chance to participate.
• By the time of its launch, the deployer wallet (0xb8f2) controlled about 50% of the token supply, as noted in the Bubble Maps analysis.
Fast forward to August 2020, a new player entered the game—wallet 0x1406. This whale purchased 103 trillion SHIB for a mere 38 ETH, worth $10,000 at the time.
From $10,000 to $2.5 Billion: The Greatest Crypto Trade Ever?
• That 103T SHIB is now valued at $2.5 billion, marking a return of 250,000x—likely the most profitable trade in crypto history.
• As SHIB’s price surged, the whale’s holdings peaked at a jaw-dropping $5 billion during the 2021 bull run.
Staying Low-Key: A Strategic Move
• In November 2021, as Shiba Inu reached its all-time high, the whale moved assets from one wallet to 14 different addresses.
• Later, he further spread the holdings across approximately 150 wallets, likely to diversify risk and avoid drawing attention.
The Remarkable Part?
Despite splitting his holdings, this whale still retains 10% of the total SHIB supply. Over three years, he has held strong, showcasing exceptional discipline, especially in a volatile market like crypto
What’s Next for SHIB?
This whale’s activity is a testament to the faith some investors have in $SHIB and its ecosystem. While others trade in and out, he has opted for a long-term strategy. His moves not only reflect confidence but also help stabilize the market during volatility.
Key Takeaways
• 103 trillion SHIB bought for just 38 ETH: A 250,000x return that turned $10k into $2.5 billion.
• Diversification across 150 wallets: A smart play for safety and discretion.
• Still holding 10% of SHIB’s total supply: Unprecedented confidence in a memecoin’s potential.
The story of the Shiba Inu whale is not just about luck—it’s about timing, strategy, and an unwavering belief in the potential of $SHIB. As the SHIB ecosystem evolves, this whale’s movements will remain a key point of interest for analysts and investors alike.
