A mysterious and unidentified Binance whale has purchased a pretty fancy number of Shiba Inu tokens. The BNB whale picked up an alluring 99,999,999,999 SHIB tokens worth a staggering $3.7 Million. It constitutes to 99.9 billion Shiba Inu tokens.
In words, the number is ninety-nine billion, nine hundred and ninety-nine million, nine hundred and ninety-nine thousand, nine hundred and ninety-nine coins.
Whales have turned fancy when it comes to Shiba Inu and are standing apart from the rest of the whale crowd. “A BNB whale just bought 99,999,999,999 $shib ($3,799,999 USD),” tweeted WhaleStats. The Binance whale is ranked at the no 2 position in WhaleStats and also holds FTX, CELR, WRX among others.
The identity of the whale is a mystery and it’s not known if its an individual, business or financial establishment.
Shiba Inu has attracted whales since the last week of July and the trend has not stopped yet. During October and November, whales dominated SHIB and took entry position in the meme-token almost every two days.
One particular whale named Gimli jumped in on the Shiba Inu bandwagon by buying the token endless times. The Gimli whale now holds a whopping 1.3 trillion Shiba Inu coins worth a staggering $50.1 million. Gimli has a unique relationship with Shiba Inu and has purchased it at every opportunity. The whale is among the few in the market who picked up SHIB both during its lows and highs.
Just this month, Gimli purchased SHIB thrice in the span of a week. On December 1, 2021, Gimli had purchased $49.9 billion SHIB coins worth $2.4 million. Also, on December 3, Gimli picked up 28 billion SHIB coins worth $1.1 million. On December 7, Gimli brought 54 billion SHIB tokens worth $2.7 million again.
Shiba Inu: The ShibaNet
Whales are making inroads into SHIB as they believe it stands at a pivotal point and its price could propel. The announcement of an upcoming project named ShibaNet has thrilled the community as it brings in use-case to the token.
ShibaNet is a decentralized marketplace that allows users to buy, sell, and trade goods using the in-house Shiba Inu ecosystem. Shytoshi Kusama, the project lead of SHIB spoke about ShibaNet in his Medium blog in July 2021.
Kusama titled the blog ‘Shiba Inu Phase 2‘. He writes, “A financial institution is only good as the consumers and businesses that utilize their financial instruments.” He also used a quote from Miyamoto Musashi at the start of his blog. “You must understand that there is more than one path to the top of the mountain.”
At the time of publishing, Shiba Inu was trading at $0.00003807 and is up +13.33% in the days trade.