Rosy Ruma
--
#TradeStories
The Trader Who Turned $8K Into $5.7 Billion: The SHIBA Inu Wallet Mystery
In August 2020, a trader made appeared to be a throwaway bet: they spent just $8,000 buying Shiba Inu (SHIB) tokens ā a meme coin barely anyone had heard of at the time.
Over the next year, as SHIB skyrocketed in popularity (fueled by Dogecoin hype and Elon Musk tweets), the value of that wallet ballooned to an insane $5.7 billion by October 2021.
The wallet held over 70 trillion SHIB tokens, representing about 13% of the total supply.
This shocked the crypto world. The identity of the wallet owner was (and still is) unknown. Many feared that if this person decided to sell, it could crash the entire SHIB market.
But here's where it gets stranger:
The whale never dumped the entire stack.
Instead, small controlled outflows were tracked through decentralized exchanges and bridges, often broken into tiny wallets to avoid detection.
Analysts observed non-linear movements suggesting they were using custom algorithms to exit without crashing price ā essentially, the perfect stealth exit strategy.
To this day, the wallet is still monitored by crypto watchers, and its owner has never been publicly identified. Some believe it was an early developer, others think it was a lucky retail trader who forgot about their wallet ā but the wallet's precision sell behavior suggests a sophisticated operator.
Thankyou
Follow me Please š @Rosy Ruma
The Trader Who Turned $8K Into $5.7 Billion: The SHIBA Inu Wallet Mystery
In August 2020, a trader made appeared to be a throwaway bet: they spent just $8,000 buying Shiba Inu (SHIB) tokens ā a meme coin barely anyone had heard of at the time.
Over the next year, as SHIB skyrocketed in popularity (fueled by Dogecoin hype and Elon Musk tweets), the value of that wallet ballooned to an insane $5.7 billion by October 2021.
The wallet held over 70 trillion SHIB tokens, representing about 13% of the total supply.
This shocked the crypto world. The identity of the wallet owner was (and still is) unknown. Many feared that if this person decided to sell, it could crash the entire SHIB market.
But here's where it gets stranger:
The whale never dumped the entire stack.
Instead, small controlled outflows were tracked through decentralized exchanges and bridges, often broken into tiny wallets to avoid detection.
Analysts observed non-linear movements suggesting they were using custom algorithms to exit without crashing price ā essentially, the perfect stealth exit strategy.
To this day, the wallet is still monitored by crypto watchers, and its owner has never been publicly identified. Some believe it was an early developer, others think it was a lucky retail trader who forgot about their wallet ā but the wallet's precision sell behavior suggests a sophisticated operator.
Thankyou
Follow me Please š @Rosy Ruma
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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