SHIB’s Marketing Specialist Dismisses Ryoshi Whale Wallet Claims

  • A Shiba Inu marketing specialist dismissed claims that SHIB’s creator owns two whale wallets.
  • The specialist said the two unknown whale wallets couldn’t belong to Ryoshi since they were created in 2021.
  • Shiba Inu continues to sustain its upward trajectory, recording 7% in the past 24 hours.

In a recent post on X (formerly Twitter), Lucie, a Shiba Inu marketing specialist, asked Shiba community members to disregard rumors about Ryoshi’s alleged SHIB holdings. Lucie’s statements came in reaction to the growing controversy around SHIB token ownership.

The marketing specialist asked community members to be cautious about the spread of misinformation concerning SHIB. Lucie said in a recent post that,

There is an abundance of misinformation out there, with self-proclaimed blockchain experts and storytellers spreading false narratives.

According to the specialist, blockchain’s anonymous nature, which makes it difficult to identify specific wallets, has instead fueled these speculations. While referencing an article that broke down SHIB whale holdings, Lucie pointed out that the last two wallets with unknown owners were created in 2021. Thus, they could have belonged to Ryoshi.

Amidst the crypto market’s bullish resurgence, Shiba Inu’s whales picked up, too, making large transactions in the past few days. While most of the top whale accounts are associated with crypto exchanges, the two unknown wallets sparked controversy.

Notably, community members were embroiled in a debate over the wallet owner’s identity. While most reports allege that the tokens belong to Shiba Inu’s anonymous creator, Ryoshi, key team members within the SHIB team have dismissed the allegations. In spite of these claims, Ryoshi has neither denied nor verified them.

Meanwhile, data from CoinMarketCap shows Shiba Inu has sustained its upward trend since the start of the week. At the time of press, the token had added a further 7% gain in its price in the past 24 hours.

On the weekly price chart, SHIB has recorded an 18% increase in value. Trade volumes have also seen a considerable uptick, registering a 66% increase in the past 24 hours. Shiba Inu currently has a market cap of $4.17 billion, making it the 19th-ranked cryptocurrency network in the world.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Prediction as the Coin Corrects to $25.8k After Traders Withdrew $100 Million in BTC from Binance

Image
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price saw another dip over the weekend, similar to the one on May 5th. After a brief recovery between May 7th, BTC first dropped to $26.4k, where it remained for the rest of last week, until Saturday, when it crashed to a support at $25.8k, finally dropping below $26,000 once more. Since the drop, the price has been mostly stable, although Bitcoin trading sideways typically does not last. The big question now is whether the price is going to recover again or break the support and continue the drop. Experts believe that BTC might see a potential bullish rally of about +20-25% if the coin maintains its position above the trendline and successfully breaks out from the wedge to the upside. However, a bearish rally toward $21.5k is just as possible if the current support breaks. Others have argued that BTC needs to see $23k and $25k for future gain. The price came too close to the channel suppo
Read more

XRP Could Reach $10,000 For Its Role in CBDCs, Predicts Analyst

Image
Ripple announced a private XRP ledger (XRPL) in 2021 for CBDCs leveraging blockchain technology. The development makes cryptocurrencies “be leveraged as a neutral bridge asset for frictionless value movement between CBDCs and other currencies,” said the company. Around 130 countries around the world are looking to launch CBDCs, touting them as the future of all transactions. 98% of the world is exploring CBDC options, and XRP could gain big if they incorporate their ledger technology with other nations. Also Read: U.S. & European Union React to BRICS Expansion Taking this into consideration, pseudonymous cryptocurrency analyst Bitforcoinz predicted that Ripple ’s integration with CBDCs could catapult the XRP price to new highs. According to the price prediction, XRP could touch $10,000 if it powers CBDCs in all countries that explore digital currencies. #XRP was designed to settle CBDC's! There are not enough XRPz out there to brige all the money at a price of $10
Read more

Binance US chief the latest exec to leave amid regulatory troubles

Brian Shroder, the chief exec of Binance US , has stepped down and been temporarily replaced by chief legal officer Norman Reed, as the firm cuts one-third of its employees amid mounting regulatory scrutiny. Shroder’s departure comes hot on the heels of other Binance top executives leaving, including head of Eastern Europe and Russia, Gleb Kostarev, and global head of product, Mayur Kamat. The global crypto exchange is embroiled in numerous regulatory crackdowns and investigations by the US Commodity Futures Trading Commission (CFTC), Justice Department, and Securities and Exchange Commission (SEC), into money laundering, mishandling customer funds, ignoring sanctions, and more. Binance US has also decided to cut another round of employees, this time more than 100 people. A spokesperson said in a statement that the move was a direct result of regulatory pressure in the US. “The actions we are taking today provide Binance.US with more than seven years of financial runway and enab
Read more