Ethereum whales continue to show interest in Shiba Inu (SHIB), the second-largest dog-themed token in the market. The latest whopping purchase initiated by a popular ETH whale involved 250 billion SHIB tokens, as recently reported by WhaleStats.
ETH Whale Gimli Buys 250 Billion SHIB
According to WhaleStats, the tracker of 5000 biggest Ethereum whales, an ETH whale identified as Gimli has recently initiated the purchase of 250 billion SHIB worth $2.7 million.
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According to the whale tracker, the bag holder involved is ranked 235th among Ethereum whales.
WhaleStats tweeted, “ETH whale “Gimli” just bought 250,000,000,000 SHIB ($2,762,500 USD). Ranked #235 on WhaleStats.”
🐋 ETH whale "Gimli" just bought 250,000,000,000 $shib ($2,762,500 USD).
Ranked #235 on WhaleStats: https://t.co/3bvrsUeq69
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) July 8, 2022
A closer look into Gimli’s wallet shows that it currently holds a number of other cryptocurrencies, including Decentraland (MANA), Chainlink (LINK), Enjin (ENJ), Basic Attention Token (BAT), USD Coin (USDC), Fantom (FTM).
As expected, Ethereum takes the largest share of the whale’s holdings. ETH represents 76% of its portfolio. With the latest SHIB purchase, SHIB now holds about 19%, while the rest of the coins mentioned above share 5% of Gimli’s portfolio.
Shiba Inu (SHIB) in the Market
In the last 24 hours, the crypto market has shown signs of resurgence, with the flagship crypto Bitcoin (BTC) surpassing the $21,000 mark. Shiba Inu (SHIB) has also been showcasing positive trends.
At the time of filing this report, SHIB is trading at $0.00001135, with about a 5% price uptrend based on 24 hours estimation.