The Trader Who Turned $8K Into $5.7 Billion: The SHIBA Inu Wallet Mystery
In August 2020, someone placed what looked like a throwaway bet: they spent just $8,000 on Shiba Inu (SHIB), a little-known meme token at the time.
Fast forward to October 2021 — fueled by Dogecoin hype and Elon Musk tweets — SHIB exploded. That same wallet was suddenly worth a staggering $5.7 billion, holding over 70 trillion SHIB, or roughly 13% of the total supply.
The crypto world was stunned. Who was this whale? Would they sell and crash the entire market?
That’s where it got strange.
Instead of a full-on dump, the wallet began small, precise outflows. Funds were routed through DEXs and bridges, split into countless smaller wallets. Analysts believe custom algorithms were used — a stealth exit strategy designed to avoid detection and price impact.
To this day, the identity of the owner remains a mystery. Some say it was an early dev. Others think it was a lucky retail trader. But the calculated sell patterns point to a highly sophisticated operator.
And yes — the wallet is still being watched.