Shiba Inu Surges 15% as Whale Purchases 4 Trillion SHIB Tokens

Shiba Inu (SHIB) the "Dogecoin Killer" jumped above 15% as whale purchased 4 trillion SHIB tokens.

The second most popular memecoin is up around 15% in the last 24 hours, according to CoinMarketCap. This comes as WhaleStats reported that an Ethereum whale has added 4 trillion Shiba Inu tokens worth of $136 million in his wallet in the last 24 hours.

According to crypto analysts, whales seem to have contributed to this 8% spike. And also, some reports show that investors have been accumulating SHIB despite the price correction.

Note that Shiba Inu is currently the most traded and biggest hodling token among the top 1,000 Ethereum wallets, according to the whales' surveillance website.

In addition to this, WhaleStats reported an Ethereum whale transaction that happened 20 hours ago, showing the purchase of 79,228,162,513 SHIB tokens worth around $2,582,838.