Whale Bought 250 Billion SHIB Worth $2.7 Million in Last 24 Hours

Ethereum Whale Buys 150 Billion Shiba Inu (SHIB) Worth $1.75M
  • According to the Whale portfolio, Ethereum holds around 76% of the total.
  • SHIB comes in at a distant second with 19 percent of its portfolio.

Ethereum Whales’ focus seems to have shifted to Shiba Inu investments, according to recent indications. An Ethereum Whale known as Gimli took a conscious decision to diversify part of its crypto assets by investing in Shiba Inu.

Whalestats, a prominent user of the microblogging platform Twitter, announced in a blog post. Several observers have regarded this crypto buy as a “mega” expenditure. The Ethereum Whale made its first purchase of 250 billion Shiba Inu, which equates to around $2.7 million.

Diversified Portfolio With ETH and SHIB Dominating

Gimli’s portfolio now includes a wide variety of crypto assets, including Decentraland (MANA), Chainlink (LINK), Enjin Coin (ENJ), BAT, USDC, and Fantom, which is now number 235 on the Whalestats chart.

According to a breakdown of the Whale portfolio, Ethereum holds around 76% of the total. SHIB comes in at a distant second with 19 percent of its portfolio, while the remaining 5 percent comprises various crypto assets. Gimli’s acquisition of SHIB on the company’s short- and long-term prospects is still being debated.

The Shiba Inu meme currency token creators are also working on expanding the coin ecosystem, in addition to the increased interest from whales. SHI stablecoin and TREAT, according to a recent blog post, will be delivered through Shibarium (the coin’s layer 2 protocol).

It’s still being worked on to create a metaverse for the ecosystem while simultaneously working with Playside on the Shiba Card games. According to Ryoshi’s concept for the meme token ecosystem, all of these developments are in accordance with Shytoshi Kusama.

According to CMC, the Shiba Inu price today is $0.000012 USD with a 24-hour trading volume of $456,996,009 USD. Shiba Inu has been up 3.91% in the last 24 hours.

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