Are Shiba Inu and Dogecoin’s Fifth Largest Holders One and the Same?

New data from Lookonchain has revealed that Shiba Inu (SHIB) and Dogecoin (DOGE) have the same fifth-largest holder. The market tracking firm found a correlation between the fifth-largest holder of both meme coins and concluded that the entities were one and the same. The identity of the entity is unknown, but they hold a massive 20 trillion SHIB coins and 3.4 billion DOGE coins. The transactions by the entity were made through two different wallets, leading many to wonder if they could be the same individual. Lookonchain hypothesizes the entity to be jump trading or a jump trading partner, a notable crypto trading firm. The findings reveal the continued growth in the popularity of meme coins and the passionate communities that support them.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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