SHIB’s Marketing Specialist Dismisses Ryoshi Whale Wallet Claims

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.

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