A mysterious Ethereum ($ETH) whale with over $73 million worth of cryptoassets in its wallet has recently bought a whopping 153 billion Shiba Inu ($SHIB) tokens, bringing its total SHIB token holdings to 629 billion, worth over $40 million at press time.

The move was first spotted by a Twitter account tracking Shiba Inu developments. It found that the whale, known as “Gimli” invested nearly $11 million in the meme-inspired cryptocurrency as its price dropped over 5% in the last 24-hour period.

The whale’s move came after the popular cryptocurrency exchange Kraken revealed plans to list the meme-inspired cryptocurrency and supporters showed overwhelming support for it. As CryptoGlobe reported, Shiba Inu proponents have also been fighting for a listing on commission-free trading platform Robinhood (NASDAQ: HOOD). 

Through a petition that has over 480,000 signatures titled “Kindly request of Robinhood to list Shiba Inu coin;” they ask the platform to list the cryptocurrency.

SHIB0s price has moved up over 740% in the last three months as retail interest for the cryptocurrency exploded. It started dropping over the last few days and is down 12% so far this week.

Shiba’s price performance has seen it become the third-most Googled cryptocurrency so far this year. An investor who bet $8,000 on it in August of 2020, buying up 70 trillion SHIB with his initial investment, at one point held over $5.7 billion worth of the cryptocurrency. They have now started moving their funds.


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Featured image via Pixabay