SHIB surges 16% after a whale purchased $136 million tokens a few days ago as we reported in our altcoin news.
The crypto whale bought $136 million worth of SHIB tokens which sent the dog-themed meme coin to soar by 16% in one day. According to the Whale Stats website, the crypto whale purchased another 4 trillion SHIB tokens with a value of about $136 million at the time. SHIB opened the day with a price of $0.00003238 and it is valued at $0.00003765 or a 16% increase in the day and we can see that SHIB surges 16% on the day.
Following the big buy, the crypto’s whale portfolio is now 25% SHIB and also the whale purchased $88 million worth of Decentraland tokens and $42 million worth of the Tether coin. MANA is the second biggest asset in the whale’s portfolio as it made up 16% of the entire portfolio itself. Today’s price surge is only the latest in the long line of booms for SHIB as it surged by 30% after the exchange Kraken listed the meme coin. Kraken was not the only exchange to list SHIB in November since Binance and Gemini did too.
In the same month, SHIB saw an 18% price increase after the project registered a 1 million holders record. SHIB increased by 400% in one week and it is on its way to becoming the 12th biggest crypto by market cap. SHIB flipped DOGE as the world’s leading meme coin by market cap but it then slipped back below DOGE.
As recently reported, A Shiba Inu whale purchased 4 trillion SHIB, and WhaleStats tracker that follows the 1000 richest Ethereum addresses and activity revealed that one whale added 4 trillion SHIB tokens in the past day. The 4 million SHIB tokens are now worth around $136 million and it looks like the whales are getting hungry for SHIB. The ETH whale added 4 trillion SHIB in the past day and now SHIB is the most traded and biggest holding token among the top 100 ETH wallets.
The crypto exchange Bitstamp confirmed that it will be listing the meme coin which was supposed to happen on December 9th but it came to a halt after bitstamp said they were having technical difficulties with listing the digital asset. The integration of Shiba into Bitstamp’s crypto exchange was stalled when the exchange ran into technical issues that got the meme coin on board
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