750 Billion Shiba Inu Snatched Up Suddenly By “Gimli” Whale On Dip

July 9, 2022 - Around 2 mins mins to read

According to the Shiba Inu WhaleStats platform, “Gimli” one of the biggest investors on the Ethereum blockchain, stunned the cryptocurrency community by purchasing three enormous quantities of Shiba Inu, amounting to approximately 750 billion tokens.

750 Billion Shiba Inu Snatched Up Suddenly By "Gimli" Whale On Dip — 750 Billion Shiba Inu Snatched Up Suddenly By “Gimli” Whale On Dip

Purchases of Shiba Inu in incredible amounts

Owner of “Gimli” wallet has purchased three big SHIB lumps of 250,000,000,001, 249,998,999,999 and 250,000,999,999 SHIB. In total, these purchases of the whale have cost him $8.4 million.

???? ETH whale "Gimli" just bought 250,000,000,001 $shib ($2,862,500 USD).

Ranked #227 on WhaleStats: https://t.co/3bvrsUeq69

Transaction: https://t.co/0BhYhM8SQA #SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) July 8, 2022

The whale currently holds $4,312,591 worth of SHIB in his portfolio, making it the largest token by US dollar value after he has already sold half of the meme units he purchased.

LINK is currently seated next to Shiba Inu, which makes for 19.6% of his portfolio.

???? ETH whale "Gimli" just bought 249,998,999,999 $shib ($2,862,488 USD).

Ranked #227 on WhaleStats: https://t.co/3bvrsUeq69

Transaction: https://t.co/08QLlO0YMw #SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) July 8, 2022

Number of SHIB holders rises

The total number of wallets including SHIB has already reached 1,191,766.

While the rise in holders will have little effect on the token’s price, it nonetheless demonstrates a rising long-term interest in the meme coin as its community grows.

SHIB is now trading at $0.00001137, according to information from CoinCu.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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