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Ethereum Whale, Gimli, Buys another 28 Billion Shiba Inu (SHIB)

Ethereum Whale, identified as Gimli, has just purchased another 28 billion Shiba Inu (SHIB) worth about $1.1 million, according to WhaleStats, an analytics platform for the top 1000 ETH wallets.

Despite the declines in the price of the hottest meme token, Shiba Inu, whales have not ceased from accumulating more of the SHIB token.

Read Also: Shiba Inu Adoption: Healthcare Company ‘Ask The Doctor’ Buys $1.5 Million Worth of SHIB

WhaleStats tweeted, “ETH whale “Gimli” just bought 28,236,296,316 shib ($1,169,829 USD). Ranked #246 on WhaleStats.”

Ethereum Whale, Gimli, Buys another 28 Billion Shiba Inu (SHIB)
Courtesy of WhaleStats

The popular Ethereum whale, Gimli, has been found accumulating the cryptocurrency on several occasions. About four days ago, the particular whale reportedly purchased about 25 billion SHIB tokens valued at around $1 million.

Overall, the whale now holds 1.2 trillion Shiba Inu coins worth about $53 million.

Read Also: Shiba Inu Collaborates With former Activision Vice President, William David Volk, To Create SHIB NFT Game

Shiba Inu returned to the spotlight after its 40% rally as Kraken became the latest exchange to allow trading of the Shiba Inu token.


Pressure on Robinhood to list Shiba Inu keeps mounting as a petition in favor of this listing has more than 542,000 signatures at the time of writing. Also, SHIB is trading at $0.00004412 at the time of press, according to CoinMarketCap.

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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