The post Shiba Inu Lead Addresses Concerns Over Billion-Dollar SHIB Wallets appeared on BitcoinEthereumNews.com.

The Shiba Inu community has recently been confronted with controversial claims about the ownership of large SHIB wallets. Some individuals have claimed they own several high-value SHIB addresses. These addresses control a massive portion of SHIB’s circulating supply. This has raised concerns about the potential market impact if these wallets are used for large-scale sales.  Shiba Inu Lead Debunks Ownership Claims However, Shiba Inu lead developer Shytoshi Kusama has recently debunked these assertions. Kusama took to X to address these claims, urging caution among community members and dismissing the idea that any individuals outside of known exchanges control these large wallets.  It’s come to my attention that individuals have claimed to own the BILLION dollar Shib wallets. I suggest interested parties confirm this is the case before blindly believing such a wild claim. Here’s an easy way to confirm: 1/2 — Shytoshi Kusama™ (@ShytoshiKusama) October 14, 2024 He challenged anyone making such claims to provide clear proof of ownership before further misleading the community. According to Kusama, the claimants can easily prove their ownership by sending a specific amount of SHIB from the alleged wallet to another address, which would clearly validate their connection to the wallet in question. The lead developer made it clear that unless someone can verify their claims by sending a precise number of SHIB tokens, investors should dismiss these statements as baseless. He cautioned the community to avoid falling victim to these misleading assertions, which could trigger unnecessary fear and affect market confidence. Large Shiba Inu Holders For context, data from Arkham Intelligence shows that the top 11 largest SHIB holders are exchanges, including major platforms like Binance, Upbit, Crypto.com, Robinhood, BitGo, and OKX.  These exchanges typically hold large amounts of SHIB on behalf of their users, and as such, these wallets do not belong…

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Filed under: News - @ October 14, 2024 6:19 pm