What Happened
According to data from WhaleStats, the Ethereum whale wallet labeled ‘Gimli’ added 31,343,807,428 SHIB tokens worth $1,710,391 on Tuesday.An overview of the whale wallet reveals that Shiba Inu is Gimli’s top holding with the address holding a total of 863 billion SHIB tokens.
After SHIB, Gimli holds 33 trillion Samoyedcoin (CRYPTO: SAMO) tokens worth $28 million. SAMO is another Dogecoin-inspired “dog meme” token built on the Solana blockchain.
Ethereum is Gimli’s third-largest holding with the whale holding a total of 3,781 ETH worth $18 million.
The whale also holds relatively smaller amounts of Decentraland, Fantom, Polygon, and Chainlink.
Despite a considerable amount of whale activity across the blockchain in the last few days, Shiba Inu has not recovered from its bearish trend.
The token closed at -4.38 percent in the last 24 hours, trading at $0.00005144 at the time of publication Wednesday. In the last seven days, Shiba Inu has lost more than 20.22 percent of its value.
