Shiba Inu Token (SHIBUSD)

[Numbmonk]

Hey everyone...

I bet you are wondering "why no lambo?" "Why price go down?"

Well, here is what I have found and come to understand.

When SHIB was created, the Devs sent 50% to VB (Etherium creator) as an unofficial "burn" and "trust experiment".

What we learned is that VB found the coins, and then did 3 things that shocked the community both negatively and positively.

1. Once he realized he had been "gifted" the coins he donated 5% of the 50% given to him to India Crypto COVID fund. This was scary, but a META play. India was thinking of banning crypto, but now they received all this funding in crypto - mainly SHIB, how could they? #SHIBhappens #SHIBsavesIndia
https://etherscan.io/address/0x68a99f89e475a078645f4bac491360afe255dff1

This freaked everyone out and created massive FUD because people were uncertain about VB and if he was going to just dump all the tokens and take the money and run. I knew he wouldn't do this because that would make his donation worth nothing and I was hopeful that India wouldnt just cash out because the more shib is worth and the more it grows, the more money they would receive. They have cashed out $70mil(1%) worth of SHIB in 2 transactions and still have 4%.

2. Next, VB shocked the world by officially burning 40% of the 45% he still posessed. This was great and restored confidence in the community.
https://etherscan.io/address/0xdead000000000000000042069420694206942069

3. Then, the remaining 5% got sent by VB to a currently unknown charity/person.
https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0x1a1f392086ffc4e687dbebb657d7d53c825b3dd1
4. Now, this person is transferring out about $6.5mil worth of SHIBA each day via this wallet:
https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0x1521e4fa6f3fa4549f583decc522f517b42e075a

This wallet seems to be Cashing out or redistributing tokens via FTX exchange. (It seems to be out of Hong Kong)
https://www.wsj.com/articles/this-vegan-billionaire-disrupted-the-crypto-markets-stocks-may-be-next-11618565408)

They are down from 5% to 2.7% in 4 days with .156% sitting in this wallet as backup:
https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0xd62edf19a2995d3b67f4a1fc53584ef8ce19f115&fbclid=IwAR1atNzaZf7OlDQr4nZWdjQn2i4FeY3Fj6XZWUJxL-W-jn-VLAc28vgTiwM

WHAT IS HAPPENING NOW?

These MASSIVE sell-outs are suppressing the price of SHIBA and leading to FUD and frustration. Retail traders aren't seeing any change which is causing more sell-offs. This is both good and bad.

The negatives:
Those that sell (paper hands) are missing out on what is going to happen in 4-5 days when this mysterious charity is fully cashed out and shiba potentially takes off.

The positives:
This allows more people to get in at a cheaper price. More holders means more power and value in Shibatoken.

WHAT DO I THINK IS ABOUT TO HAPPEN?

1. This charity/person/exchange is going to be checked out in a couple days (my guess is 4).

2. Coincidentally, SHIBASwap will wrap up testing and auditing and FINALLY launch.

3. SHIBAToken will finally see the gains we are all looking for and those with DIAMOND HANDS will be rewarded.

This is just some research I did and some speculation. Shibatoken is still doing over $1bil per day in trading (https://coinmarketcap.com/currencies/shiba-inu/) and has over 400k holders!

JUST A DISCLAIMER:
This isn't financial advice, as I'm pretty new to crypto but I have an accounting background and love solving puzzles.

Hopefully, someone else in this community with more experience can take this information and explain it one step further.

Hang on everyone, stay positive, trust in the community and this can truly become what it was meant to be.

#SHIBARMY