Is the fifth largest holder of Chaigou (SHIB) and Dog Coin (DOGE) the same person?

According to the latest data from Lookonchain, Chaigou (SHIB) and Dog Coin (DOGE) have the same fifth largest holder. Specifically, it is reported that the same entity in the same position on their respective lists may involve jump transactions

According to the latest data from Lookonchain, Chaigou (SHIB) and Dog Coin (DOGE) have the same fifth largest holder. Specifically, it is reported that the same entity in the same position on their respective lists may involve jump transactions.

Through some excavation, market tracking companies have noticed an astonishing correlation between the fifth largest holders of these two famous meme coins. In the end, they came to the conclusion that these entities are the same entity.

The highest shareholder of SHIB and DOGE shares

The Chaigou (SHIB) and Dog Coin (DOGE) are still the two most famous meme coins on the market. Both have enthusiastic communities that proudly support their assets. Now, it is revealed that one of the largest holders of these two assets is actually a single entity.

Specifically, Lookonchain first revealed that the fifth largest holder of Chaigou and Gougou coins is the same person. The investigation results subsequently revealed that the person was suspected to be a jump trader, a well-known cryptocurrency trading company, or a partner of such a company.

This single entity has 20 trillion SHIB coins, equivalent to $176 million. In addition, the entity is designated as' 0x73AF 'and the amount is transferred in four separate transactions. Then, the receiving end of the transaction, identified as "0x40B3", is the fifth largest holder of Chaigou.

Afterwards, an entity named "DDuX" transferred 3.4 billion DOGE tokens worth $248 million. Subsequently, these assets were sent through four transactions, making the recipient "DEgD" the fifth largest DOE holder.

The synchronous nature of transactions makes many people wonder whether they may be the same person. LookonChain ultimately assumes that the entity is a jump transaction or a jump trading partner.

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