An anonymous large investor has amassed over 10% of the total Shiba Inu (SHIB) token supply, which has raised concerns about market distribution. This investor initially purchased 103 trillion SHIB for approximately $10,000 worth of Ethereum between August and October 2020. Today, this holding is valued at over $2.5 billion, representing an unprecedented return of over 250,000 times the original investment. The investor has chosen to hold onto these coins despite their significant increase in value, indicating confidence in the memecoin's future potential. Currently, Shiba Inu has seen a 134% increase year-to-date and a notable 27% rise in the past month. Analysts suggest that a price rally could be imminent, as the current technical setup shows signs of a bullish cup-and-handle pattern. Additionally, capital rotation from Dogecoin could further boost SHIB, as it is currently perceived as oversold compared to its main rival. The relative strength index (RSI) indicates that SHIB is largely undervalued against Dogecoin, suggesting that selling pressure may soon diminish, potentially sparking renewed interest in the token.

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