**[Analysis: Shiba Inu Whale Holds 1.03 Trillion SHIB for 5 Years, $10,000 Investment Once Valued at $5 Billion]** Odaily Planet Daily News: Blockchain analytics platform Bubblemaps revealed that a mysterious whale address cluster within the Shiba Inu (SHIB) ecosystem has continuously held approximately 1.03 trillion SHIB since 2020. The initial purchase cost only 38 ETH (around $10,000 at the time), with unrealized gains once exceeding a valuation of $5 billion, making it one of the most astonishing investment cases in crypto market history. According to Bubblemaps' tracking, the whale initially acquired 1.03 trillion SHIB through wallet address 0x1406, accounting for about 10% of the circulating supply at the time. As SHIB's price surged, the value of this position once reached approximately $5 billion. Currently, the asset value held by this address cluster still exceeds $2.5 billion, with a cumulative return exceeding 21,000x. To reduce exposure risk, the whale split the assets into 14 addresses in November 2021. In January 2023, Bubblemaps first disclosed this SHIB whale cluster, which at the time controlled about 10% of SHIB's supply, valued at over $1 billion. This sparked community discussions about the high concentration of holdings by a single entity. Subsequently, the address cluster continued to migrate and split into more addresses. In September 2023, Bubblemaps discovered that the holdings had dispersed from a few identifiable wallets to many new addresses, a move considered a typical operation to reduce on-chain visibility. Using the Magic Nodes tool, Bubblemaps was still able to identify the relationships between these wallets. During SHIB's price surge in early 2024, the value of the whale's holdings once again exceeded $2 billion, with the number of wallets expanding to over 170 addresses. As of now, the cluster still controls approximately 8.51% of SHIB's circulating supply, a slight decrease from the initial 10%. However, Bubblemaps noted that this decrease is primarily due to normal on-chain transfers, with no evidence of large-scale sell-offs. Bubblemaps emphasized that this case highlights the critical value of on-chain transparency tools: while an entity can obscure massive holdings by splitting wallets, all fund transfers leave public on-chain records. The SHIB whale case has also become a classic example for observing "whale behavior, holding concentration, and on-chain tracking" in the crypto market.