Coinbase product strategy and business operations director Conor Grogan has discovered an eyebrow-raising name linked to the mysterious creator of the crypto asset Shiba Inu (SHIB).
In a series of tweets, Grogan says a wallet directly connected to Shiba Inu’s creator has an interesting account name on the NFT trading platform OpenSea.
That name is “Alameda” – which is the same name as the disgraced crypto hedge fund founded by alleged crypto criminal and outlaw Sam Bankman-Fried.
“A wallet directly connected to the founder of Shiba Inu (via exchange deposit) has an… interesting Opensea account name…
Source: Jconorgrogan/Twitter
I have no idea why the SHIB founder would take Alameda’s Opensea handle in 2020. Might just be them squatting for the memes.”
Although it’s unlikely the clue will uncover the true identity of Shiba Inu’s inventor, Grogan says Shiba Inu and Alameda have a bit of a track record.
“Alameda and SHIB have some history…
On October 27th, 2021, the largest Shiba Inu farmer unstaked $107 million of SHIB and sent it all to FTX, Huobi, Binance, and OKX, This marked the absolute top; SHIB immediately began to plummet, never to recover.
Coincidently, one exchange [Alameda] had just expanded SHIB perps.”
Shiba Inu's price showcases a potential reversal pattern amidst breaching the 200-day EMA, while Solana experiences a downturn, and Ethereum finds support at the 50-day EMA. These developments indicate a delicate market balance, with potential entry points for investors and indicators pointing to consolidation before possible momentum shifts.
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