Amid the solid recent performance, the Shiba Inu (SHIB) saw a significant gain in value within 24 hours as it approached the $0.0005 level. It is worth noting that on October 26, 2021, an Ethereum whale purchased 276.592,553,073 SHIB tokens equivalent to $11,510,207.
Whale buys millions of dollars worth of SHIB
This particular whale is currently whalestats. According to the transaction details provided by .com, he has SHIB of approximately $13,448,334. This leaves many in the cryptocurrency community to ponder the question of whether another price hike in either direction is imminent.
As we reported , meanwhile, SHIB’s 24-hour trading volume briefly surpassed that of Ethereum, the second largest cryptocurrency, on October 25. In fact, the increased trading volume on SHIB in 24 hours occurred at a time when Ethereum reached its highest weekly close ever in the cryptocurrency market.
In an interesting development, SHIB increased by more than 50 percent on Sunday, reaching an all-time high of 0.000044. The inflows of $4.64 billion in the coin in two days on October 23 and 24 spurred price increases, bringing the total amount of money in the market from $11.02 billion to $15.66 billion.