#Is Sheiba the suspicious whale the same as the Squid Game swindler? What fate awaits
Shiba Ino?
Shiba Inu latest large token transaction appears to be related to the Squid Game project
and its scam developers. Shiba Inu may be the latest victim of these scammers.
According to YouTube, a Twitter account related to the Shiba Ino token has recently
announced that the recent $ 125 million transaction of Shiba Ino (3.2 trillion
Shiba Inu) was made with funds from Squid Game scams and may be for the Meem
community. Kevin is problematic.
##Transaction resources
According to the Etherscan page shared by this Twitter account, the purchase of three trillion Shiba units is most likely related to the developers of the famous Squid Game project. This project was launched after the famous Netflix game series and grew significantly in a short period of time. Shortly afterwards, however, the developers stole the investors' funds and disappeared.
The transactions related to wallet addresses were attributed to stolen tokens and used a mixer to detect tracking. Although this theory still needs to be confirmed, these tokens are attributed to an address ending in "c802c" used by the Mixer program.</p>
##What does this mean for Shiba?
If the above transaction was carried out by Squid Game scammers, a significant portion of Sheiba's supply has been made available to those who wish to manipulate the market price and profit from it.Certainly these scammers will not be able to reduce Shiba's value to zero, but they can affect Shiba's growth and even stop it, because three trillion units of Shiba tokens is equivalent to 50% of the meme's daily trading volume.
At the time of writing, each Shiba Ino unit is trading at $ 0.000036 and has not changed much from the previous five days. Shiba's recent price stability comes as the token recently fell 25% overnight and has since risen in value by 15%.</p>
##Launch of Avalanche Bridge
The Avalanche Bridge, introduced by Ava Labs in July, will support Shiba from today
onwards, making it possible to move Shiba Inu tokens between Atrium and Avalanche Blockchain It is worth mentioning that users can also transfer Atrium and Bitcoin racked tokens with this bridge. Ava Labs CEO Emin Gün Sirer recently called Sheiba a "zero-sum game" and noted that they have little interest in the meme.
What do you think might change Shiba Ino's price?
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