Key Ethereum investor named “Gimli” scooped up an astounding amount of Shiba Inu (SHIB) in the past 24 hours.
Shiba Inu makes it to the list of top 10 most traded tokens among the 2000 biggest ETH whales in the last 24 hours as the 227th biggest ETH Whale has purchased a whopping total of 1 trillion Shiba Inu (SHIB) tokens.
Peep the top 100 whales here: https://t.co/R19lKnPlsK
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) July 8, 2022
The data provided by WhaleStats further reports that “Gimli” now holds 58 ERC-20 tokens in her wallet. Among those, Shiba Inu is the biggest ERC-20 token holding position by dollar value, followed by Chainlink (LINK), and Enjin Coin (ENJ).
The ETH Whale now holds a total of 1,140,771,007,809 (1.14T) SHIB, worth $12,731,004 ($12.73M) in her wallet, Etherscan.io reports.
Please note that this may not be actually buying from the market or exchanges rather the whale might have shifted Shib coins from other wallets but the thing worth noting is that Gimli is actually holding 1 Trillion Shib.
Impact on SHIB Price:
The massive accumulation from ETH Whale does not significantly impact SHIB’s price. At press time, Shiba Inu is seen trading at the price of $0.00001124, showing almost no change over the last 24 hours but up over 10% in 7 days, with a 24-hour trading volume of $544,644,110 ($544.64M).