In a recent revelation, on-chain researcher BoringSleuth has connected the dots between the meteoric rise of the meme token Shiba Inu and SBI Holdings, Japan’s largest digital bank conglomerate. The researcher’s deep dive into the financials and strategic moves of SBI Holdings suggests a potential orchestration behind the scenes.

BoringSleuth’s revelation began with a cryptic equation a few day ago: “SHIB = SBIH = SBI Holdings, Japan’s largest Digital Bank Conglomerate.” In today’s Twitter (X) thread the on-chain sleuth delved into the timeline of events that led to the rise of Shiba Inu.

“On July 1st 2020, SBI Group invested $30 million USD into B2C2 for an uncontrolling interest, just 30 days before the token SHIB was launched on the Ethereum blockchain,” BoringSleuth stated. This …