Over 3.2 Trillion SHIB Coins Purchase worth $125 Million Births a New Shiba Inu Whale

An anonymous Ethereum whale has just bought more than 3.2 trillion SHIB coins worth relatively $125 million. The coins were purchased by the whale in three different transactions, birthing a new Shiba Inu whale in the process.

WhaleStats, the platform that tracks the activity of the top 1,000 Ethereum whales, was the first to report these whopping transactions. This is by far the biggest whale transaction Shiba Inu has witnessed in December and this seems to be just the beginning.

Sharing the links to the three transactions, WhaleStats tweeted, “Woof! Woof! New #SHIB whale was born!!! Holds 3,243,484,849,528 $SHIB ($120,342,829 USD) Transactions: Welcome to the #ShibaArmy Family!”

The identity of the new Shiba Inu whale remains a mystery. There are no transaction details to know whether the whale is an individual, business entity, or financial establishment.

Going by the massive amount spent to buy 3.2 trillion tokens, the notion of an individual whale can be ruled out. However, it is unconfirmed and the whale’s identity cannot be traced as the crypto market is unregulated.

Whales have dominated SHIB since the last week of July and the trend hasn’t stopped yet. There is news of a new Shiba Inu whale buying tokens almost every two days. SHIB is one of the hottest tokens among the top 1000 ETH whales and the community is only growing.

About two days ago, a Binance whale purchased 99.9 billion SHIB coins worth $3.7 million. Also, Gimli whale has been buying SHIB regularly and now holds 1.3 trillion coins worth a whopping $50.1 million. Gimli is ranked at no 20 in WhaleStats after going all-in on SHIB.

Moreover, there is no dearth of whale movements in SHIB and the large transactions are only increasing by the day. Gimli also holds Ethereum, Hi, MANA, Fantom, SAND, Matic, and Enjin.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.