The mastermind behind Shiba Inu, known only by the alias “Ryoshi,” has maintained anonymity from the inception of the project. While it’s widely speculated that Ryoshi’s wallet addresses hold sway over more than 10% of the total circulating SHIB tokens, the owner has neither confirmed nor refuted this claim.
Given the enigma surrounding the true identity of Shiba Inu’s proprietor, various analytics platforms have undertaken concerted efforts to unravel Ryoshi’s identity, and their endeavors appear to be bearing fruit, as evidenced by recent revelations from Bubblemaps.
In a thread on X, formerly known as Twitter, Bubblemaps disclosed a screenshot of a message purportedly from Ryoshi. The enigmatic founder of Shiba Inu asserted that the blockchain analytics platform had devised a “flawless” strategy to scrutinize the connected addresses. Bubblemaps contended that Ryoshi authored this message out of concern that the wallets might become targets for “dusting” attacks.
A “dusting” attack involves a nefarious actor sending small amounts of cryptocurrency, typically referred to as “dust,” to multiple wallets, with the primary objective of tracking these wallets and potentially unveiling their owners. Once the identity is exposed, it opens the door to various other malicious actions, including phishing.
The message, which Bubblemaps believes to be authored by Ryoshi, expressed that there was no need for further proof, noting that the analytics platform had gone above and beyond in providing extensive details about the addresses. While acknowledging the platform’s efforts, the alleged founder emphasized the importance of preserving privacy.
A segment of the message read:
“I had hoped for the privacy of my wallets to be respected, and that they wouldn’t be publicly disclosed. I understand that my wallets have been a topic of discussion on numerous occasions, but they have never been publicized to this extent, as (Bubblemaps) has done.”
Signs Indicate the Shiba Inu Founder Is “De-Clustering”
Although the anonymous message neither confirmed nor denied whether these addresses belonged to Ryoshi, a subsequent series of actions suggests a higher likelihood that the unexpected message did indeed originate from the founder. Bubblemaps pointed out that immediately following the message, two significant SHIB wallets linked to the founder were emptied and their holdings transferred to 20 new wallets.
One of these wallets, identified as “0x1406,” initially acquired 100 trillion SHIB tokens upon its launch in 2020 before distributing SHIB to 13 new wallets. Bubblemaps maintains that this address, “0x1406,” is associated with Ryoshi.
The decision to “de-cluster,” as observed by Bubblemaps, appears to be an attempt by the founder to vanish from public view. However, while the wallet owner advocates for privacy, the blockchain analytics platform insists on greater transparency.
The pseudonymous nature of blockchain transactions renders the portal attractive to individuals seeking to safeguard their privacy. Despite the identification of Bitcoin’s mysterious Satoshi Nakamoto and the knowledge that Nakamoto’s BTC addresses control 1 million BTC, these coins have remained untouched since the network’s inception in 2009.
Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.