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Against the backdrop of stagnation in the Shiba Inu coin price, attention is focused on fund movements in a wallet that controls more than 16% of the token's total supply. For the first time in a long while, this "sleeping" giant showed activity, transferring 800 billion SHIB to the CoinMENA exchange.
This address, marked as '$13752购买103万亿枚SHIB' on Arkham, is an anomaly even by crypto market standards. In 2020, the owner bought 103 trillion SHIB for just $13,700, which is either the most successful deal in the history of meme coins or some kind of insider play, since at the 2021 peak his holdings were valued at $9.1 billion.
Why the biggest individual SHIB holder is finally moving tokens
Despite the fact that the current market value of his assets has dropped to $588 million, he still holds 16.2% of the total SHIB supply, and the recent transfer of $4.9 million is only 0.8% of his current holdings. This does not look like a panic dump, but rather a one-time profit-taking or liquidity provision.
According to popular theories, this wallet belongs to the project's creator, Ryoshi, who mysteriously left the project in May 2022, but there is no direct proof of this connection. Ryoshi's ideology was always based on a complete refusal of control over the project, while the concentration of 16% of all tokens in one hand makes this investor a "gray cardinal" of the ecosystem.
Technically, this could be either a "super-early" private investor or an internal wallet associated with market makers. However, the concentration of such a volume of coins (every sixth coin in existence) in one hand creates a constant risk for market liquidity.
As of the end of April 2026, the situation around Shiba Inu (SHIB) looks like this: the price is holding within a narrow range around $0.000006, without showing explosive growth. Nevertheless, after an 84% drop since December 2024, SHIB has still recovered 20% over the past two months.
However, this is not as important in the context of what has happened. At this point, investors should focus not on the price chart, but on the activity of this 'SHIB ghost' address.
Dan Burgin
U.Today Editorial Team
