It appears that a mysterious Ethereum whale that goes by the name “Gimli” has been continuously purchasing the Dogecoin-inspired meme coin, Shiba Inu. They now have an accumulation of over $47 million, as the whale has recently added $1.7 million more to their wallet.
Gimli’s first movements were initially noticed by WhaleStates, which noted that the whale purchased about 31.3 billion SHIB tokens. When converted to USD, this amount is worth about $1.73 million. Taking a peek at the whale’s wallet, the Gimli had over $90 million worth of crypto stashed away. Over half of that amount is represented by Shiba Inu, as they currently hold about $863 billion SHIB ($47.4 million),
The second-largest crypto in their portfolio is represented by Ethereum, which takes up about 21.6% of their total holdings and is worth $19.7 million. Next up is Decentraland or $MANA at around 7.6%, while Fantom comes after at 6%.
Other than those projects mentioned above, Gimli also holds other crypto in smaller amounts, including Polygon, Chainlink, Chiliz, Enjin, and Orchid.
https://twitter.com/WhaleStats/status/1457853298720088064?s=20
According to CryptoGlobe, the whale reportedly purchased about 153 billion SHIB via a major transaction earlier in the month. At that time, the transaction boosted their overall holdings to 629 billion. Even despite Shiba Inu’s recent price drops, Gimli still continued to accumulate tokens.
For the last six months, Shiba Inu saw a continuous rise, reaching up to over 460%. However, it began to see a downtrend around late October, since the retail trading frenzy that caused it to spike had started to mellow down. Since the start of November, Shiba Inu saw a decrease of more than 10%.
