Shiba Inu (SHIB) has become a notable crypto asset due to a high concentration of tokens held by a single investor, controlling 10% of the total supply.
Long-term Holding of SHIB
Transaction analysis revealed that 10% of SHIB's total supply is held in wallets controlled by one investor, who has not sold any tokens since acquiring them early in the project. This investor maintains an unrealized gain of $2.5 billion, despite the temptation to cash out.
Connections to a Legendary Founder
Experts suggest that this mysterious investor could be linked to the user [Shibtoshi_SG](https://x.com/Shibtoshi_SG), founder of the SqudGrow project. He has long supported meme token communities, and his actions may be seen as an endorsement of the Shiba Inu project.
SHIB Leads Among Meme Tokens
On the meme token market, SHIB ranks second with a market capitalization of $14 billion. Despite other popular tokens like Pepe, SHIB maintains its position due to widespread adoption on platforms like Binance and Coinbase. Additional support comes from SHIB's use in the Shibarium ecosystem.
The crypto whale holding 10% of SHIB's supply continues to bolster the project's stability and reinforce its market position with a long-term holding strategy.
