The mysterious investor made an over 250,000-fold return on his initial investment of just $10,000, which is worth over $2.5 billion today.
Onchain data has revealed that an unknown large investor is holding over 10% of the Shiba Inu token supply, raising newfound concerns around the distribution of the world’s second-largest memecoin.
A mysterious Shiba Inu (SHIB) whale owns over 10% of the token’s total supply across 150 addresses.
Despite their holdings being worth over $5 billion at their peak valuation, the whale has continued to hold his SHIB coins since 2020, according to a Nov. 19 X post by blockchain data firm Bubblemaps, which stated:
