The worth of Shiba Inu (SHIB) has risen sharply in recent weeks due to the asset’s recent Coinbase listing, with the coin’s price growing by more than 20% this week alone.
Factor in the coin’s growing online attraction, with over 900,000 Twitter followers, the Elon Musk impact, large SHIB whales coming into the equation, and there’s no telling where the memecoin will go next.
Certainly, on Thursday September 30, it was announced a SHIB whale bought 6,178,758,122,373 SHIB ($43,838,916).
On Saturday, the same whale bought 116 billion coins, then 159 billion coins, and ultimately 1 billion SHIB coins, all inside just a few hours of one another on the same day, purchasing a total of 276 billion SHIB.
Source: Finbold