Owner of major Ethereum wallet “Bombur” has acquired over 175 million Shiba Inu as the token plunges 10.8%
Shared data by on-chain data platform WhaleStats shows that in the past 17 hours, a whale who goes by the name “Bombur” purchased 175.2 billion Shiba Inu meme tokens, paying around 4.4 million dollars for them.
This happened as the second largest meme cryptocurrency, SHIB, lost around 11% of its price in the past 24 hours but has partly regained some of this loss by now.
Whale catches 175.2 billion SHIB
Bombur is the name of one of the dwarves who accompanied Thorin Oakenshield and Bilbo Baggins to the Lonely Mountain in JRR Tolkien’s iconic fantasy novel, “The Hobbit. There and Back Again”.
WhaleStats reported that the owner of this wallet made three purchases of SHIB and transferred tokens to his address: 0x2ee555c9006a9dc4674f01e0d4dfc58e013708f0.
These transactions amounted to 57,871,907,885; 58 807 087 673 and 58 624 985 970 Shiba Inus worth $4,553,868.
By now, however, “Bombur” has sold the majority of the SHIB tokens he had bought. Whales (the top 100 wallets whose transaction data WhaleStats is focused on) often speculate on trendy altcoins, such as Shiba Inu and ApeCoin. The whale’s portfolio now consists mainly of tokens related to companies like McDonald’s, ADIDAS and Pornhub.
Earlier, WhaleStats detected frequent transactions buying SHIB from another wallet named after a Tolkien character – the dwarf “Gimli”, one of the key characters in the “Lord of the Rings” book trilogy .
On March 30, “Gimli” purchased a total of 421,370,420,624 SHIB in two big transfers, paying $11,313,795 in total.
SHIB plunges 11%
Meanwhile, Dogecoin rival Shiba Inu is down 10.83% since yesterday morning. Since noon on March 29, the price of meme coins has fallen by almost 16% from $0.00002967 to $0.00002493. This followed Bitcoin falling to the $44,000 level.
By now, however, the SHIB price has managed to partly recover some of this loss. At press time, the token is changing hands at $0.00002554 on the Binance exchange.
