Shiba Inu (SHIB) Community Tracks Founder Ryoshi’s Wallet, You Won’t Believe How Much He Holds

The post Shiba Inu (SHIB) Community Tracks Founder Ryoshi’s Wallet, You Won’t Believe How Much He Holds appeared first on Coinpedia Fintech News

There is always a mystery around pseudonymous founders of coins like Bitcoin (BTC and Shiba Inu (BTC) in the crypto industry regarding how much of their tokens they hold. Bitcoins (BTC) anonymous creator Satoshi Nakamoto, speculated to be either a single individual or a group of people, is believed to own between 750,000 and 1.1 million (BTC). The same goes for Ryoshi, the pseudonymous founder of Shiba Inu (SHIB); though Ryoshi claims to have no single SHIB token, recent discovery by the SHIB community proves otherwise. 

According to findings, Ryoshi is estimated to have about 17% of SHIB’s total supply. This figure, as revealed by Bubblemaps, a crypto forensic platform, is worth about $1.8 billion with the current token price. Therefore, Ryoshi would have amassed up to $4 billion during the peak of the meme coin frenzy in October 2021.

Bubblemaps also further claimed that the Shiba Inu (SHIB) founder, according to blockchain data, continually tries to conceal this huge holding by slashing and sharing it across multiple wallet accounts. Forensic analyst and founder, Nick Vaiman, had reported weeks earlier that a fund account linked to Ryoshi had made a transaction involving 150 wallets in one of the most complex systemic splitting method ever observed.

Aside from the reports from Bubblemaps, others in the crypto community have claimed that the Shiba Inu (SHIB) founder is the convicted Samuel Bankman-Fried, former boss of the failed FTX exchange. The suspicion rose when Conor Grogan, a director at US-based exchange Coinbase, posted an image of an account claimed to be directly linked to Ryoshi with the name Alameda on his X (formerly Twitter) page in March 2023.  

However, as fast as it started, it died down, with many in the crypto community not convinced with such little evidence. While Bubblemaps has crafted a well-backed theory, the only one who can dispute the facts and clear the air regarding the issue is Ryoshi. However, the founder had since deleted all their accounts on social media in 2022 and retreated from crypto entirely.

Amid all this, though it has failed to catch up with its all-time high of October 2021, Shiba Inu (SHIB) has continued to experience an increase in price action and currently ranks 13th in the crypto market, according to Coingecko.

ETFSwap ($ETFS) To Replicate Shiba Inu (SHIB) Success In Ongoing Presale 

ETFswap ($ETFS) is a decentralized crypto platform that uses blockchain technology to bring traditional ETFs (exchange-traded funds) to a broader audience by creating its tokenized version. Traders can access these tokens, a direct representation of ETFs on-chain on a comprehensive marketplace designed for easy usage. 

Users can also benefit from the seamless swapping services, staking rewards, and leverage trading with up to 10x leverage on the platform. $ETFS, the platform’s native token, will open up the way to access these wonderful features. Currently, ETFswap ($ETFS) is offering the token at a low price of $0.00854 in its stage 1 presale event. All investors participating in stage 1 are assured of automatic yield, as stage 2 will be offered at $0.01831. 

Just like Shiba Inu (SHIB), early investors who get in on the presale have the potential of getting up to 100x yield on their investments as analysts speculate the token will hit the $1 mark soon. Also, in its recently concluded private sale, the platform raised $750,000 from two institutional investors and three angel investors. 

All these factors boldly indicate that $ETFS is in line to replicate the massive yield Shiba Inu (SHIB) gave its early investors and perhaps even surpass it. Therefore, now is the best time to join the wagon and reap bountifully from ETFSwap ($ETFS) with endless untapped potential.

For more information about the ETFS Presale:

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