Main navigation

442.6 Billion SHIB Purchased by Major ETH Whale "Gimli," Now He Holds 1 Trillion SHIB

News
Thu, 03/03/2022 - 10:13
article image
Yuri Molchan
High-ranked Ethereum wallet owner has purchased close to half a trillion Shiba Inu, adding to his meme crypto holdings
442.6 Billion SHIB Purchased by Major ETH Whale "Gimli," Now He Holds 1 Trillion SHIB
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News
Contents

WhaleStats crypto tracker has reported that one of the biggest Ethereum whales has bought a massive amount of Shiba Inu, doubling his stash of this canine token to a whopping one trillion SHIB.

Top-ranked whale buys $11 million worth of SHIB

Per the recent tweet posted by WhaleStats, a top 5 crypto investor with a wallet named after a characher of the iconic novel by J.R.R. Tolkien, "Lord of the Rings", dwarf Gimli. This whale, who stores most of his portfolio in Ethereum, has made a single transaction to purchase a staggering amount of Shiba Inu.

He has bought 442,637,867,858 SHIB, which comprises $11,561,701.

According to the webpage of this wallet, "Gimli" now holds a staggering trillion SHIB worth $38,184,560.

As for "Gimli's" other crypto holdings, this whale owns mostly tokens to do with Metaverses: TESLA, TIKTOK, McDonald's, Windows, Walmart, as well as Twitter DAO, SWIFT, DAO, etc.

Overall, the top 100 Ethereum whales are holding SHIB to the tune of 17.42% of their portfolio, which constitutes $1,558,453,796 in fiat equivalent. Shiba Inu comes second as the token with the biggest U.S. dollar value after FTX token (FTT).

Related
Bitcoin Whales Become More Active with Number of Transactions Greater Than $1 Million Rising

New SHIB whale emerges with 442.6 billion tokens

On Wednesday, U.Today reported that a crypto investor bought an amazing 442,637,867,858 SHIB and turned into a new SHIB whale. This sum in the second biggest canine cryptocurrency equals $11,969,061.

Another similar case was covered by U.Today in early February, when an investor purchased 3,457,477,154,937 SHIB in a single purchase, becoming a new whale. He paid $115,998,358 for that amount of crypto.

At the time of writing, the 14th-ranked cryptocurrency, Shiba Inu, is changing hands at the $0.00002552 level, showing a slight decline of 4.11%. However, as for weekly price statistics, it has increased by 20.64%.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.