Ethereum Whale "Gimli" Buys Millions Worth of Shiba Inu: What\'s Driving the Frenzy?
An Ethereum whale, famously known as "Gimli," has been making waves in the crypto community with massive Shiba Inu (SHIB) purchases. The transactions, tracked by WhaleStats and other crypto monitoring platforms, reveal a significant investment in the meme coin. But who is Gimli, and why are they accumulating so much SHIB?
Gimli\'s Shiba Inu Buying Spree: A Deep Dive
The Gimli whale is now holding a whopping 1.3 trillion Shiba Inu coins worth a staggering $50.1 million. According to Whalestats, an ETH whale wallet named “Gimli” went on a huge buying spree and seems to be loving it.
Recent transactions highlight Gimli\'s aggressive accumulation of SHIB. Ethereum Whale \'Gimli\' just bought another 28 billion SHIB coins worth a staggering $1.1 million (roughly Rs. 8.81 crore), despite a sharp decline in the price of Shiba. This latest purchase adds to a series of substantial acquisitions. The Gimli buys $11 mln worth of Shiba Inu. On Decem, Gimli had purchased $49.9 billion SHIB coins worth $2.4 million.
Some ETH whale wallet named “Gimli” single handedly added 386 billion Shiba Inu in two transactions. The purchase cost the whale around $4.06 million. However, the whale An Ethereum whale named “Gimli” bought another 110 billion Shiba Inu tokens worth $3.62 million at the time of purchase, according to WhaleStats.
🐋 ETH whale Gimli just bought 250,000,000,000 $shib ($2,762,500 USD). It was announced in a post by Whalestats on the foremost microblogging app, Twitter. Gimli isn’t SHIB’s infamous whale ‘Gimli’ purchased an enormous amount of SHIB tokens in two different transactions today. In the first transaction, Gimli whale picked up 199. The Whale
Tracing Gimli\'s Shiba Inu Transactions
Tracing Gimli’s SHIB transactions are a never-ending task and would pile up an entire chart. The scale and frequency of these purchases underscore the significant influence this whale has on the SHIB market.
Why is Gimli Investing in Shiba Inu?
The motivations behind Gimli\'s massive SHIB investments remain speculative. Some theories suggest a belief in the long-term potential of Shiba Inu, while others point to strategic market manipulation. Whatever the reason, Gimli\'s actions are closely watched by the crypto community, impacting SHIB\'s price and overall market sentiment.