Ethereum Whale Gimli Buys $11M Worth Shiba Inu in 24 Hours

Top Ethereum Whale “Gimli” has scooped up $11 million worth Shiba Inu (SHIB) in the past 24 hours. The biggest transaction recorded has been of buying 250 billion SHIB tokens worth around $2.86 million. 🐋 ETH whale "Gimli" just bought 250,000,000,001 $shib ($2,862,500 USD). Ranked #227 on WhaleStats: https://t.co/3bvrsUeq69 Transaction: https://t.co/0BhYhM8SQA#SHIB #ShibArmy — WhaleStats – BabyWhale ($BBW) (@WhaleStats) July 8, 2022 Acquisition by Gimli has No Major Impact on the Price of SHIB According to data from Whalestats, the 227th biggest ETH Whale wallet named “Gimli” added 1 trillion Shiba Inu tokens worth $11.34 million in multiple transactions over the past 24 hours. This move has landed the Shiba Inu token on the tally of the top 10 tokens used among the biggest 2000 Ethereum whales by trading volume in the last 24 hours. However, this has not resulted in changes in the token’s price. Over the past 24 hours, SHIB has recorded a price jump of over 2% and is currently trading at an average price of $0.000011. It is still down by 87% from its all-time high of $0.00008845. Meanwhile, the token has registered an increase of 14% in the last 7 days. The data provided by WhaleStats further reports that “Gimli” now holds 58 ERC-20 tokens in its 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...