It is claimed that 3.2 trillion Shiba Inu token purchases were probably made by Squid Game scammers. What this means most cryptocoin.com‘in. Shiba could be another victim of Squid Game scammers who stole millions of users’ funds. The latest major Shiba Inu transaction, valued at around $125 million, became the basis for an unsavory move. A Shiba-related Twitter account learned that the entire purchase was made with fraudulent funds and could become an issue for the entire Shib community.
Could it be a problem for the Shiba Inu?
According to the Etherscan page provided by a Shiba-related Twitter account, the three trillion SHIB purchase may have been made by the creators of the notorious “Squid Game” GameFi project, which stole investors’ funds and soon disappeared without delivering any products. Transactions appearing on the chain are “marked” with stolen tokens and linked to wallet addresses sent to the mixer app to hide traces. Although this theory still needs to be confirmed, the tokens appear to actually be tied to an address ending in “c802c” used by the crypto mixer implementation.
What does this mean for Shib owners? If the transaction was actually made by Squid Game scammers, then a significant portion of the Shiba Inu’s circulating supply is being held by those who tend to manipulate an asset’s market price to take advantage of it. The highlighted funds themselves will not drive the price of the meme coin to “zero”, but they can actually hurt or even stop the local growth rally. With the current volume in the market, three trillion Shiba Inu tokens could affect up to 50% of the daily trading volume.
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