In fact, an Ethereum whale, one of the largest, has just dived in to add 28 billion Shiba Inu tokens, worth over $1.1 million (approximately 8.81 rs) to the portfolio. Invest currently holds more than 1.2 trillion private tokens. The whale wallet, dubbed ‘Gimli’, started buying more SHIB tokens in June and has since amassed a fortune of $56 million (approximately Rs 422.4 crore). The value of Shiba Inu has dropped by more than 45% in the past 30 days, but whales, like ‘Gimli’, have been steadily dropping in price and rival Dogecoin skyrocketed in popularity.
The movement, as noted by WhaleStats on Twitter, shows that ‘Gimli’ has been particularly active in amassing SHIB tokens recently. The anonymous whale previously purchased another large share of 24.8 billion SHIB tokens worth $1 million (approximately Rs 7.54 crore).
A separation WhaleStats Alerts shows that the top 1000 Ethereum wallets currently hold more than 47.624 billion SHIB tokens worth over $1.7 billion (approximately Rs. 12,821.78 crore). In the last week of November alone, the top 100 Ethereum wallets holding SHIB saw a massive 42.7% cumulative increase in intraday trading, clearly highlighting potential whales looking found in SHIB.
Data from Whalestats also only that the largest Ethreum whales on record have turned their attention to gaming projects for money like Decentraland and Gala, which is also an Ethereum-based metaverse altcoin that has increased in value after listing recently on Coinbase.
That said, continued interest from whales didn’t help SHIB’s value has dropped significantly in the past month. The coin has plummeted more than 50% since its all-time high of $0.00008845 (approximately Rs 0.0067) in October when it briefly surpassed the market cap of rival money Dogecoin electronic.
One person who doesn’t quite agree with the rise in popularity of meme money is Jordan Belfort, a former Wall Street trader and well-known public figure. trust that Dogecoin and Shiba Inu are a total hoax and that their founders should be jailed.
The real “Wolf of Wall Street”, the moniker Jordan Belfort earned after stealing thousands of dollars in fraudulent stock deals, considers himself a crypto market enthusiast but disapproves. Support tokens with a loss system. Belfort, now a motivational speaker, specifically said in an interview that he is a fan of blockchain technology “but there’s a lot of nonsense out there”.
