Ethereum Whale buys 110 billion Shiba Inu (SHIB)

A prominent Ethereum whale purchased 110 billion Shiba Inu (SHIB) tokens.


A prominent Ethereum whale purchased 110 billion Shiba Inu (SHIB) tokens.
Whale bought SHIB token | Image: Optimisus

According to WhaleStats, a user by the name of Gimli, an Ethereum whale bought an additional 110 billion Shiba Inu tokens worth $3.62 million at the time of the purchase.


The whale currently holds $47.8 million worth of SHIB tokens, which is his second-biggest token.


Notably, Gimli holds a whopping of $1.6 billion worth of ERC-20 tokens, making him one of the biggest holders.


This purchase is the first biggest SHIB purchase of this year. On December 3, the whale purchased 28.2 billion SHIB tokens worth $1.1 million at the time. This was followed by another $2.4 million Shiba Inu purchase on December 2.


Shiba Inu remains the favorite digital assets of Ethereum whales, currently accounting for 14.67% of their total holdings. The FTX token (FTX) is in second place with a 13.37%.


The "Dogecoin Killer" is still down 61.69% from its all-time high of $0.00008616 since October 28.