Whales are not leaving Shiba Inu by any means.
According to WhaleStats, Ethereum whale “Gimli” bought 110,000,000,000 shib for ,624,500 USD. That is an enormous 110 Billion Shiba Inu coin bought for $3.6 Million.
According to Whalestats data, the total value of the Gimli wallet right now is $1,670,374,678, making her the world’s 9th biggest whale of Ethereum.
Overall, “Gimli” holds 52 tokens, among which SHIB token makes 5.33% of his total portfolio, as the whale has accumulated a total of 1 Trillion Shiba Inu (SHIB) tokens, currently valued at $48,178,844.
The largest token the whale is holding right now is Metaverse (Meta). 82% of the Gimli portfolio represents the Meta token. The whale holds 3,847,312,054 meta token worth $1,586,399,230.
Right now, the whale also holds 29134 Ethereum. Other of her holdings include Hi, Mana, Twitter Dao, Sand, and some other tokens.
The interesting and a bit confusing thing is that currently, Gimli is not holding any Tether (USDT) in its wallet. which is a sign that she has converted all of its dollar reserves into coins. So there are chances that the whale might dump any of its holdings to get back some USDT.
However, this whale’s aggressive accumulation can also be considered a bullish sign for Shib as it may show that the accumulation phase might be over for Shiba Inu and a new price surge may come soon.
On the other hand burning of SHIB is also getting serious momentum. On Jan 02 alone over 14 million tokens were burned. whereas in 2021, 410 Trillion Shib Inu Almost 41% Of Initial Supply Was Burned.