Shiba Inu Creator 'Ryoshi' Allegedly Moves Tokens Amid 3% Price Drop: What's Going On?

The Shiba Inu community is buzzing with concern following reports that the pseudonymous creator of Shiba Inu (SHIB), known as ‘Ryoshi,’ has reportedly emptied his wallets and transferred a significant amount of tokens. This has once again placed Ryoshi on the radar, sparking speculation and uncertainty within the SHIB ecosystem.

The alleged movement involves a substantial transfer of 3 trillion SHIB tokens, valued at approximately $79.94 million. This transaction, flagged by various crypto trackers, has fueled intense debate about Ryoshi's intentions and the potential impact on the price of SHIB.

Crypto Analysis firm Bubblemaps allegedly received a message from the anonymous programmer. The firm had created a blueprint for the suspected addresses of the Shiba Inu.

It is speculated that Ryoshi controls a significant portion of the SHIB supply, with some estimations suggesting he may hold up to 10% of the 589 trillion SHIB in circulation. This concentration of ownership raises concerns about potential market manipulation and volatility.

The news coincides with a period of market turbulence for Shiba Inu. Just Hace 1 día SHIB traded between $0. and $0. amid investor caution and a wave of token inflows, raising questions about its next breakout move. Before this, Shiba Inu [SHIB] jumped in on this trend after crashing to a low of $0. . Amidst this chaos, a whale address decided to make the most out of the latest.

The recent token movement by a whale, possibly Ryoshi, adds another layer of complexity to the situation. The Shiba Inu community is closely monitoring the situation, hoping to gain clarity on the purpose behind these transfers and their potential consequences for the future of SHIB. Stay tuned for further updates as this story develops.