Ethereum whale buys 110 billion Shiba Inu tokens

Ethereum’s whale called ‘Gimli’ bought an additional 110 billion Shiba Inu tokens worth $ 3.62 million at the time of purchase, according to WhaleStats.

The whale, named after a fictional warrior fighter created by writer JRR Tolkien, has $ 47.8 million worth of SHIB tokens, which is his second largest sign.

E ETH bought “Gimli” whale 110 billion $ shib ($ 3,624,500).

Ranked # 9 on WhaleStats: https://t.co/3bvrsUeq69

Transaction: https://t.co/CfcMH8pLAs#SHIB #Arm Shib

– WhaleStats – the best 1000 Ethereum rich list (@WhaleStats) January 4, 2022

Gimli has a total of $ 1.6 billion on ERC-20 tokens, making it one of the largest Shiba holders in the world.

This is the first SHIB purchase made by the mega-whale this year. On December 3, Gimli bought 28.2 billion SHIB tokens worth $ 1.1 million at the time of purchase. Shiba Inu had another $ 2.4 million purchase prior to this December 2 purchase.

Shiba Inu is still a repository of Ethereum whales, currently accounting for 14.67% of its total holdings. The FTX (FTX) signal, the native signal of the equivalent cryptocurrency exchange, ranks second with a share of 13.37%.

That said, the cryptocurrency is still down 61.69% from the all-time high of $ 0.00008616 reached on October 28th.

The second-largest meme currency is down 2.24% over the past 24 hours, continuing its bearish range. However, the latest purchase shows that such performance does not deter whales. lethargicas they continue to buy the decline.