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The Truth about Shiba Inu and the Real FUD

SHIBA | Shytoshi Kusama | Robinhood | Coinbase | Kraken | All Exchanges

⚗ Kevin Summersill 🔋
5 min readNov 5, 2021


I have seen many articles that talk about how Shiba Inu is going to crash or is going down. Is this true? Well, read more. I have also read articles and watched videos about these “wallets” that could crash the coin. Well, let's really dive in deep into some of the facts. The fact is to not always believe in the videos you follow. Don't even believe in this article as being a “complete” truth. It is always recommended to do your own research. But what I am going to provide you is a collective amount of information on Shiba Inu. So let's begin.

Fact 1: The Large Mystery Wallet becomes Active

Did the large mystery wallet become active? Well, the answer to that is yes. Did they distribute their coins to different wallets? Again the answer is yes. Wouldn’t you want to divide your money up into different locations if it was worth 2.76B? I know I would.

Now currently at the time of the video, they have yet to collect. If you wish to see for yourself then go here.

Fact 2: There are large Whales that own large percentages of Shiba Inu and can tank the coin

Well, the answer to this is yes and no. The large whales are actually exchanges. If you do not believe me then you can check for yourself here.

Shows the top holders for Shiba Inu

Exchanges would make sense to own a large amount of Shiba Inu. Now the question is; do you think that they would want to crash Shiba Inu? Naw. Come on they like the fees for your transactions and Shiba Inu is processing ALOT of transactions. :)

Fact 3: Is it really all about the Hood?

The answer to this one is No. It is not all about Robinhood. Will Robinhood make it easier for a coin to be purchased, of course? I mean just go ask your neighbor if they know what Robinhood is and then ask them if they know what Shiba Inu is. Then ask them if they know what Dogecoin…



⚗ Kevin Summersill 🔋

Enterprise Solution Architect | Certified K8s Administrator/Developer ⚓ | SAFe SPC | Cert Terraform | AWS Solutions Architect | Dev*Ops/GitOps Engineer 🔥