- Research by on-chain sleuth BoringSleuth correlates the rise of meme token Shiba Inu with strategic moves by SBI Holdings, Japan’s largest digital bank conglomerate.
- BoringSleuth’s analysis indicates that SBI Holdings’ drastic profit surge could be linked to their engagement with the meme cryptocurrency, Shiba Inu.
Connecting the Dots Between Shiba Inu and SBI Holdings
Blockchain and on-chain analysis provide a clear vantage point to unravel the mysteries of the crypto landscape. Recent revelations by on-chain investigator BoringSleuth have cast a spotlight on the intricate ties between the meme cryptocurrency Shiba Inu (SHIB) and SBI Holdings, a digital banking behemoth based in Japan.
Wait until I show you that Ryo Suzuki, who I believe is the real founder of $SHIB, visited MIT's media lab in 2019. Yeah, this same media lab that links Gensler, Epstein & Gates? What if I told you the Canadian Ryo Suzuki was also an intern for Microsoft when Shiba Inu launched? https://t.co/H2PM5FNkLb pic.twitter.com/nwkUz27Cu4
— TruthLabs 🫡 (@BoringSleuth) August 31, 2023
At the crux of the discovery is a $30 million investment by SBI Group in B2C2, a significant liquidity and trading firm in the crypto sector, just 30 days prior to the launch of Shiba Inu on the Ethereum blockchain. The workplace of SHIB’s enigmatic founder, Ryoshi, is believed to be B2C2.
The Strategy Behind the Scenes
The timeline begins with SBI’s acquisition of a non-controlling interest in B2C2, just before the token launch of SHIB. Initially, the meme token, despite a large donation to Ethereum’s co-founder Vitalik Buterin, saw relatively flat activity in terms of volume and price. It wasn’t until “the chess pieces were in place,” as BoringSleuth artfully puts it, that the token’s price witnessed a skyrocketing ascent. This coincided with Buterin’s decision to donate and burn a significant portion of SHIB, amplifying the token’s scarcity and perceived value.
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SBI’s maneuver wasn’t isolated to SHIB alone. In a context where XRP, another crypto asset that SBI held significantly, was battling regulatory skirmishes, the conglomerate’s 90% acquisition of B2C2 represented a well-calculated diversification of risk and potential profit streams.
SBI Holdings: A Drastic Turn in Fortunes
One can’t overlook the staggering financial growth of SBI Group. From modestly holding ¥6 Billion in assets up to 2020, they catapulted to ¥22.3 Billion by 2023. Their profits grew more than sixfold in three years, significantly outperforming their past track record. What triggered such a drastic turn? BoringSleuth posits that this sudden prosperity was likely due to their strategic involvement with meme tokens like Shiba Inu.
BoringSleuth’s research shows that SBI Group, through its various crypto entities, did indeed hold SHIB tokens. This renders them among the mere 11 crypto assets handled across their SBI VC Trade platform and the Bitpoint exchange. With these holdings, SBI Group stands in a position to benefit enormously from the market dynamics, further insinuating their pivotal role in Shiba Inu’s stellar rise.
While these revelations have rattled the crypto-verse, awaiting now is a formal response from both SBI Holdings and Shiba Inu’s development team. As the market anticipates its next move, SHIB currently trades at $0.00000763, setting the stage for an interesting unfolding of events.
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