Ethereum Whale ‘Gimli’ Adds 31B Shiba Inu Tokens to $45M Holdings

Mobile phone app screenshot of a Dogecoin logo in New York, on April 20, 2021. (Richard Drew/AP Photo)

One of the largest Shiba Inu holders added $1.7 million more to his $45 million SHIB portfolio.

What Happened

According to data from WhaleStats, the Ethereum whale wallet labeled ‘Gimli’ added 31,343,807,428 SHIB tokens worth $1,710,391 on Tuesday.

An overview of the whale wallet reveals that Shiba Inu is Gimli’s top holding with the address holding a total of 863 billion SHIB tokens.

After SHIB, Gimli holds 33 trillion Samoyedcoin (CRYPTO: SAMO) tokens worth $28 million. SAMO is another Dogecoin-inspired “dog meme” token built on the Solana blockchain.

Ethereum is Gimli’s third-largest holding with the whale holding a total of 3,781 ETH worth $18 million.

The whale also holds relatively smaller amounts of Decentraland, Fantom, Polygon, and Chainlink.

Despite a considerable amount of whale activity across the blockchain in the last few days, Shiba Inu has not recovered from its bearish trend.

The token closed at -4.38 percent in the last 24 hours, trading at $0.00005144 at the time of publication Wednesday. In the last seven days, Shiba Inu has lost more than 20.22 percent of its value.

By Samyuktha Sriram

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.