Key Points
- A Shiba Inu whale holds almost $2.5 billion in SHIB, 10% of the supply, across 150 addresses.
- On-chain data reveals the whale’s entire story with SHIB.
On-chain information reveals that there’s a Shiba Inu whale who is currently holding $2.5 billion in SHIB, which represents 10% of the total supply of the coin. The whale holds SHIB across 150 addresses, and his entire story was detailed via X by Bubblemaps.
SHIB Whale’s Complete History
SHIB token was launched on July 31, 2020, allowing everyone to join in. At the time, the deployer address (0xb8f2) owned almost 50% of the total supply.
SHIB Whale Bought 10% of Total Supply in 2020
The same on-chain data shows that between August 1 and October 7, 2020, a new player (0x1406) entered the scene, and bought 103 trillion SHIB, representing 10% of the supply for just 38 ETH.
Back then, 38 ETH were valued at $10,000, and today, 103 trillion SHIB tokens are worth over $2,47 billion. This is possibly the greatest trade in history, bringing gains of around 250,000x.
His gains grew significantly since he began accumulating SHIB during the three months.
As the price of SHIB surged, the whale’s bag was eventually worth $5 billion and all of the amount was in a single address. However, to stay safe, he split the amount into 14 addresses in November 2021.
Bubblemaps found the whale’s cluster and made a thread about it back in January 2023. Back then, they noted that the whale’s cluster of wallets did not move, didn’t buy or sell, or transfer funds. The wallets remained dormant since the cluster was formed.
Splitting Holdings From 14 Addresses into 150 Addresses
The next move of the SHIB whale was to split his holdings from 14 addresses into 150 addresses. These don’t show up on the default bubble map, but with Magic Nodes, his activity cannot be missed.
The whale continues to hold the vast majority of its holdings since its first purchase in 2020, having 10% of the total SHIB supply.
