Whale "0x1406" holds 10% of $SHIB, raising decentralization concerns.

Nov 20, 2024 Nov 20, 2024

Using 38 ETH in 2020, the whale acquired 103 trillion $SHIB, now worth $2.5 billion, a 250,000x return.

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Whale split holdings into 14 wallets in 2021, later fragmenting into 150 by 2024 for security and anonymity.

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Whale ownership risks market crashes, like Terra and Dogecoin, due to concentrated token control.

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Whale’s hold shows confidence in $SHIB, but decentralization is crucial for long-term stability.

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GET MORE INSIGHT ON SHIB TODAY

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