“Same Entity Holds 5th Largest Shiba Inu & DOGE Tokens, According to Stats”
Market tracker Lookonchain has discovered that the fifth largest holders of Shiba Inu (SHIB) and Dogecoin (DOGE) are held by the same entity, potentially Jump Trading or one of its partners. The entity, identified as “0x73AF,” held 20 trillion SHIB tokens worth $176m, while “DDuX” controlled 3.4 billion DOGE coins worth $248m. The funds were split into four transactions each. The finding has led to speculation on social media that Jump Trading, which recently wound down its Market Maker activities, could be preparing to “dump” the market. The transactions have not significantly impacted the prices of either token.
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