“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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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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