HomeNewsShiba Inu (SHIB) Price Explosion Fueled by Billion-Dollar Ripple (XRP) Partner SBI...

Shiba Inu (SHIB) Price Explosion Fueled by Billion-Dollar Ripple (XRP) Partner SBI Holdings, Japan’s Largest Digital Bank Conglomerate

- Advertisement -
  • 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.

- Advertisement -

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.

>> Buy Shiba Inu quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with SHIB now. Visit Website <<

- Advertisement -

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.

Best Crypto Exchange for Everyone:

  • Invest in Shiba Inu 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Collin Brown
Collin Brown
Collin is a Bitcoin investor of the early hour and a long-time trader in the crypto and forex market. He's fascinated by the complex possibilities of blockchain technology and tries to make matter accessible to everyone. His reports focus on developments about the technology for different cryptocurrencies.
- Advertisment -spot_img