Shiba Inu Army Rallies For SHIB Pump

Shiba Inu Army Rallies For SHIB Pump, ETH Whale Buys 28.2 Billion Shiba

After Shiba Inu was launched on Kraken and surged about 30% in less than 24 hours, reports surfaced of whales hoarding the dogecoin-inspired meme coin in large amounts. According to Twitter WhaleStats, an Ethereum whale named ‘Gimli’ recently acquired over $1.1 million worth of SHIB today.

ALSO READ: Safemoon V2 Countdown Begin, While This Coin Is Attracting More Of Safemoon Community Members

Shiba Inu has been listed on the top ten cryptocurrency exchanges so far. As a result, the SHIB community anticipates a massive pump in the coming weeks. While some are optimistic that SHIB will regain its momentum, others are pessimistic.

The whale’s transaction is ranked 246 on WhaleStats, according to reports. The ETH whale purchased 28,236,296,316 SHIB, which is worth $1,169,829 in currency. On CoinMarketCap, Shiba Inu is still the 13th most valued currency in the world at the time of writing.

🐋 ETH whale “Gimli” just bought 28,236,296,316 $shib ($1,169,829 USD).

Ranked #246 on WhaleStats: https://t.co/3bvrsUeq69

Transaction: https://t.co/R9JSWb4Zu7#shib #SHIB #ShibArmy

— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) December 3, 2021

This isn’t the first time Gimli has acquired SHIB; only a few days ago, the crypto billionaire paid $1 million for 24.8 billion SHIB tokens. Despite the whales’ purchases, many people are concerned about a huge concentration of coins in a few hands, which might lead to a price drop if they decide to withdraw their assets.

Shiba Inu, on the other hand, is down 2.70 percent and currently trades at $0.00004132. The SHIB army is still waiting for Robinhood’s currency, which has been listed on Kraken. Despite the fact that the petition to list SHIB on the retail-trading platform has gathered over 540,700 signatures, nothing substantial has been heard from the big exchange concerning the listing.

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