In August 2020, a trader made what looked like a throwaway move — spending just $8,000 on Shiba Inu (SHIB), a meme coin that was practically unknown at the time.
Fast forward to October 2021, and that same wallet was worth a staggering $5.7 billion.
Fueled by the rise of Dogecoin, viral hype, and a series of cryptic Elon Musk tweets, SHIB exploded in value. The trader’s wallet held over 70 trillion $SHIB HIB tokens, making up roughly 13% of the total supply — enough to move markets with a single transaction.
The crypto world was stunned. Who was behind this wallet? Was it an insider? A genius investor? Or just someone who got ridiculously lucky?
Things got even more mysterious.
Despite holding a position large enough to crash the market, the trader never dumped everything. Instead, blockchain analysts noticed something unusual: small, steady transfers — often broken into hundreds of tiny wallets, spread out over different decentralized exchanges and bridges.
It was stealth mode selling at its finest — suggesting the use of custom-built algorithms to slowly exit the position without tanking the price. The strategy was so precise, some believed it was the work of a professional quant trader or even an AI-powered bot.
To this day, the wallet remains under close watch by the crypto community. Its owner has never been identified.
Some say it was an early SHIB developer quietly cashing out. Others believe it was a regular investor who forgot about their wallet until it hit the jackpot. But the deliberate, careful movements point toward someone who knew exactly what they were doing.
One thing is certain: this remains one of the greatest and most mysterious trades in crypto history.
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