Gate.io, a popular crypto exchange platform, holds trillions of Shiba Inu (SHIB) tokens valued at approximately $52 million. This comes amid rumors of the exchange's financial instability, which has raised concerns among its users and the broader crypto community. Gate.io's significant holdings of SHIB have also raised questions about the potential impact on the token's value. Other leading exchanges, such as Binance and Crypto.com, also hold substantial amounts of SHIB due to the sheer magnitude of Shiba Inu investors on their platforms.
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Gate.io Holds Trillions of Shiba Inu Tokens Amid Bankruptcy Rumors
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Shytoshi Kusama and Kaal Dhairya, the anonymous chief developers of the Memecoin project Shiba Inu (SHIB), have given their first interview to the Arabic Business News. Kusama stated that he entered the cryptocurrency industry because of the influence of a super-rich passenger while driving for Uber, and then contacted Ryoshi, the anonymous creator of SHIB. Kusama aims to make SHIB the killer of Dogecoin and wants it to become "the world's first decentralized entity worth trillions of dollars". He pointed out that currently less than 5% of the world's population use cryptocurrency, and Meme will become the gateway to cryptocurrency and blockchain. Kusama and Dhairya have not given up their anonymous plan. In addition, they plan to transfer control of the project to the community by the end of this year, and by the end of the year, there will be a special committee to lead certain things. They both believe that it is not necessary to disclose their identities and said, "We can sit in this coffee shop, there are no security guards outside, and no one recognizes me. This is actually more valuable than any money." -
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