SHIB Holders Seek New Opportunities After Discovering Shiba Inu Whale Holding Over 10% Of Supply

Investors are now concerned with this whale controlling over 103 trillion SHIB tokens spread across its 150 wallet addresses.

Although SHIB is one of the top memecoins, if the whale dumps 10% of its total supply, we could see one of the biggest price plunges in a long time. As a result, some investors are pivoting to one of the best new investment opportunities in the space, Remittix (RTX), with greater market utility and a better tokenomics model.

Blockchain analytics platform Bubblemaps has performed a detailed analysis of the activity of an early SHIB whale who holds over 10% of the total supply of the meme coin. According to the report, the Shiba Inu (SHIB) acquired 103 trillion SHIB tokens for just 38 ETH ($10,000 at the time).

The unidentified whale currently holds this massive amount across 150 wallet addresses. What is most notable though is the fact that the value of the whale’s holding has skyrocketed by over 250,000x, meaning their Shiba Inu coin portfolio is worth over $2.5 billion.

However, there is some speculation in the crypto space that the mysterious whale’s wallets are owned by Shiba Inu’s pseudonymous Ryoshi. Yet Shiba Inu (SHIB) lead developer Shytoshi Kusama cautioned the community to be wary of anyone claiming to own without verifiable evidence, such as wallet activity.

Although the whale hasn’t sold any of his holdings, the possibility of dumping 10% of the total SHIB in circulation has sent waves of concerns among investors. The Shiba Inu price, now trading around $0.0000219 according to CoinMarketCap, could suffer a massive drop if this happens.

Although the Shiba Inu crypto hasn’t been as explosive as other top crypto coins, Natalie Dormer has shared a positive outlook. According to the trader, SHIB is in an oval trend and a breakout of its current accumulation zone could trigger a huge rally toward $0.0000700.

Over the last few weeks, Remittix (RTX) has been gaining a lot of attention from investors who believe it can outshine SHIB. Firstly, Remittix boasts of a ton of utility as it looks to reinvent the $190 trillion cross-border payment market, something SHIB investors can’t boast of.

Remittix is building a blockchain platform that will solve the slow speed, high cost, and hidden charges that plague traditional systems for international remittance payments. Users can instantly exchange 40+ crypto pairs for 30+ fiat currencies and deposit them into any bank account anywhere in the world.

Secondly, Remittix was designed with a much more appealing tokenomics model, removing fears of one investor potentially controlling the market. Only 50% of the 1.5 billion RTX tokens will be issued to investors via their ongoing cryptocurrency ICO. This means a fair amount will be shared among investors.

The limited supply at 1.5 billion is also significantly lower than the 589 trillion SHIB token in circulation. The lower token supply will allow for the Remittix token to steadily grow as Bitcoin has over the years. While RTX currently has a value of $0.0156, it is expected to increase throughout the RTX presale before even hitting major exchanges, making it one of the best cryptos to buy now.

While Shiba Inu (SHIB) has gradually improved its memecoin nature, a single investor holding over 10% of its supply consistently puts it at risk of a massive sell-off. All these problems are non-existent with Remittix, endearing investors to the project. It is also in its early stages, meaning investors can get in on the ground floor before the PayFi protocol goes mainstream.

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Meta Description: Shiba Inu (SHIB) investors are moving to better investment opportunities like Remittix after a whale has been discovered to hold over 10% of the supply.

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