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Are Squid Game Cheaters Shiba Inu whales?



It appears that the 3.2 billion Shiba Inu token purchase may have been made by Squid game scammers.


Are Scammers Shiba Inu token holders?

Shiba could fall another victim to Squid game scammers that have shed millions off investors and traders.


The latest SHIB transaction, valued at around $ 125 million, produced a not very nice discovery. A Twitter account associated with Shiba found that the entire purchase was made with money from scams and could become an issue for the entire Shib community.


According to the Etherscan site, which has provided a Twitter account, the three billion SHIB could possibly have been made by the creators of the infamous Squid game scam who stole investor funds.


The transactions popped up are related to wallet addresses marked with stolen tokens and sent to the Mixer application to hide the traces. Although there are still no confirmations, tokens are actually tied to an address that ends in c802c, which is used by the crypto-mixer application.


If the above transactions were indeed made by Squid Game scammers, a significant portion of Shiba Inu's circulating supply is now held by people who are believed to have a tendency to manipulate the price and take advantage of it.


The tokens themselves won't drive the asset price to zero, but they could actually hurt and even stop the local growth rally. At the current volume, three billion Shiba Inu tokens would be responsible for up to 50% of the daily trading volume.



At the time of writing, SHIB is priced at $ 0.000036. In the last few days, there were hardly any major price movements to be seen. After falling 25% in one day and then recovering 15%, there was little volatility.

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