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Shiba Wallet With Billions Is Scrutinized as Coin Tumbles

  • Concentration of ownership of Shiba Inu comes under scrutiny
  • Big holder started moving coin after its price surged
In this photo illustration, a cryptocurrency Shiba Token $

Photographer: Pavlo Gonchar/SOPAImages/LightRocket/Getty Images

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The unlikely star of the cryptocurrency world in October was Shiba Inu, named after the same breed of dog that inspired the market’s former unlikely meme-coin darling Dogecoin.