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Shiba Inu’s Mega Transaction, Ethereum Whale Buys 110 Billion SHIB Tokens

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HIGHLIGHTS :

  • Last year was a special one for Shiba Inu
  • The value and popularity of this coin increased a lot last year.
  • Shiba Inu Tops CoinMarketCap’s Most Popular Crypto

Last year was a special one for Shiba Inu

The Ethereum whale known as “Gimli” has bought 110 billion Shiba Inu (SHIB) tokens in the first major purchase of Shiba Inu, one of the crypto market’s most popular tokens this year. Their price is $36.2 million. This whale now has $47.80 million worth of SHIB tokens. It is the second-largest token in its portfolio.

According to WhaleStats, Gimli holds $1.6 billion in ERC-20 tokens, making it one of the largest holders of this token. This is SHIB’s first major purchase of this whale this year. Earlier, Gimli had bought 28.3 billion dollars worth of 1.1 million dollars on 3 December and SHIB tokens on 2 December for 2.4 million dollars.

The value and popularity of this coin increased a lot last year.

Shiba Inu remains the preferred token for Ethereum whales. Its share in their total holdings is 14.67 percent. However, the token is still down 61.69 percent from its October 28 high of $0.000008616 last year. Its price has dropped by more than 2.20 percent in the last one day. However, whales have not been affected by this fall and they are buying it. The SHIB was priced at $0.0000032 when this report was published.

Shiba Inu Tops CoinMarketCap’s Most Popular Crypto

Last year was a special one for the Shiba Inu. This was the first year since the introduction of this crypto coin that the value and popularity of this coin had increased significantly. Its popularity is reflected in the fact that the Shiba Inu topped the most popular crypto of 2021 by global market tracker CoinMarketCap. This mime coin has surpassed the world’s most popular and oldest cryptocurrency, Bitcoin, the second-largest crypto coin Ether, and the most popular mime currency Dogecoin. With a market capitalization of over $20 billion (approximately Rs 1,50,120 crore), SHIB is growing strong.

Crypto exchange Bitstamp has announced the launch of trading for the US Dollar and Euro for the cryptocurrency Shiba Inu. Bitstamp will allow users to deposit and withdraw funds at Shiba Inu. Recently, American movie theater company AMC Theaters also added Shiba Inu as a payment option for buying movie tickets.

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