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Ethereum Whale Bought 110,000,000,000 Shib For $3,624,500

Ethereum whale “Gimli” paid $3,624,500 USD for 110,000,000,000 shib. That is a massive 110 billion Shiba Inu coin that was purchased for $3.6 million, As per WhaleStats.

According to Whalestats, the Gimli wallet is currently valued at $1,670,374,678, making her the world’s 9th largest Ethereum whale.

Overall, “Gimli” owns 52 tokens, with the SHIB token accounting for 5.33 percent of his whole portfolio, with a total of 1 Trillion Shiba Inu (SHIB) tokens valued at $48,178,844.

Metaverse is the whale’s largest token at the moment (Meta). The Meta token accounts for 82 percent of the Gimli portfolio. The whale has 3,847,312,054 meta tokens worth $1,586,399,230 in his possession.

The whale currently owns 29134 Ethereum. Hi, Mana, Twitter Dao, Sand, and a few other tokens are among her other holdings.

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The fact that Gimli currently has no Tether (USDT) in its wallet is both intriguing and perplexing. This indicates that she has transformed all of the country’s dollars into coins. As a result, there’s a risk the whale will sell any of its USDT assets to recoup some of its losses.

Nonetheless, this whale’s aggressive accumulation can be viewed as a positive indication for Shib, as it could indicate that the accumulation phase for Shiba Inu is coming to an end, and a new price rise is on the way.

But on the other side, the burning of SHIB is gaining traction. Over 14 million tokens were burned on January 2nd alone. In 2021, 410 trillion Shib Inu was burned, accounting for over 41 percent of the initial supply.