The anonymous founder of the Shiba Inu crypto, known by the pseudonym Ryoshi, may have been revealed. Coinbase director Conor Grogan found links, discovering that the name “Alameda” on OpenSea is associated with the address of SHIB’s creator.
Shiba Inu: Conor Grogan finds links between the crypto and its anonymous founder
Conor Grogan, director of Coinbase, has reportedly revealed that he has found links between the founder of Shiba Inu, known by the pseudonym Ryoshi, and another interesting account name of his: “Alameda.”
The anonymous SHIB founder, Ryoshi, deposited into a Bitkub deposit address on 2 occasions in '20 and '21.
Perhaps unbeknownst to them, Bitkub does not generate new deposit addresses, which is how I linked them to https://t.co/97Sr2wX8oP pic.twitter.com/nlg3llB8Zu
— Conor (@jconorgrogan) March 6, 2023
In essence, Grogan points out how the OpenSea account was linked to a Bitkub deposit address where the SHIB founder deposited funds twice, in 2020 and 2021.
This information allowed the director to link SHIB’s anonymous founder to his own profile under the name “Alameda.”
However, Grogan specifies that he has no idea why the name Alameda was already present in 2020, behind Shiba Inu coin. And he also points out how in some way, SHIB and Alameda would have had the same fate.
In another of his tweets, he describes how:
“On October 27th, 2021, the largest Shiba Inu farmer unstaked $107M of SHIB and sent it all to FTX, Huobi, Binance, and OKX. This marked the absolute top; SHIB immediately began to plummet, never to recover. Coincidently, one exchange had just expanded SHIB perps.”
Shiba Inu: Ryoshi erased his tracks on Twitter
It was May 2022, when Ryoshi had decided to delete all his tweets and followings on his Twitter profile. Exactly 1 year after his last published tweet.
Taking a look at the profile, it had already been analyzed at that time, discovering that it had only been created in February 2021, before SHIB’s incredible price pump in April and May. Whereas since June 2021, the profile has remained virtually abandoned.
What Ryoshi did the following year was to remove all his tweets and leave. As can be seen now, the profile is virtually empty, but with over 210,000 followers.
Not only that, the SHIB founder had also removed all of his posts on Medium, leaving only two at the time. In the first one he stated that he was not important to the Shiba Inu project, while in the second he claimed that all members of Shibarmy are Ryoshi and that he himself represents no one but the glory of the community.
As Ryoshi clears his tracks, along comes SHIB’s lead developer, Shytoshi Kusama, to reveal himself over time as the “father” of the Shiba Inu meme coin.
Shiba Inu and the launch of Shibarium in its Beta version scheduled for this week
And indeed, just yesterday, Kusama announced the launch of Shibarium in its Beta version stating that it will be done during this week.
Attention #SHIBARMY 🚨
We're thrilled to announce that #SHIBARIUM Public Beta will be launching THIS WEEK! 🎉
— Shibarium Technology (@Shibariumtech) March 7, 2023
Shibarium is the blockchain scaling solution that intends to address the low transaction speed of Shiba Inu’s host chain, which is Ethereum. Basically, Shibarium is the L2 blockchain of Shiba Inu.
Earlier this year, Kusama had already announced new projects such as Falcon 9 and Ufo Gaming that will soon be part of the Shibarium ecosystem.
Dramatic drop in burns of the crypto SHIB in February
Among the various features of Shiba Inu is the Shiba Inu Burn, which consists in reducing the supply of tokens to increase their value.
Essentially, although the operation of SHIB is similar to that of other crypto-assets, the “Dogecoin Killer” memecoin also has its own unique feature: its burning mechanism.
With this SHIB burning portal, users can remove SHIB tokens from circulation by sending them to a special address. This is the SHIB Burn process.
Yet despite its popularity, the burn portal removed only 352.2 million SHIB tokens from circulation in February, down sharply from the nearly 1.2 billion tokens removed in January. Overall, this is a 70% drop in SHIB burns in February compared to the previous month.
The price of Shiba Inu (SHIB) registers a 12% dump in the past 7 days
The price of SHIB has recorded a 12% price dump in the past 7 days. At the time of writing, SHIB is worth $0.0000108. Not only that, even compared to last month, SHIB was worth $0.000015.
Shiba Inu is now the 15th largest crypto by market capitalization, moving away from its arch-rival Dogecoin, which has risen to ninth instead.
The two market caps are $5.91 billion for SHIB and nearly $9.7 billion for DOGE.