An anonymous buyer bought close to 6.3 trillion SHIB coins over two days during a two-day shopping spree. Oct. 1 marked the beginning of the whale’s feeding spree.
These mammoth 6 trillion SHIB coins worth approximately $43,838,900 (around Rs. 3,27,81,19,505) was purchased by him. The next day whale SHIB coins ahead bought 116 Billion coins. After that, followed by two whale coins bought 159 billion coins and another is another 1 billion coins.
The whale bought 276 billion SHIB coins on Saturday, October 2, which boosted the price of the coin by 5 percent. After that, the price has settled down at around 3 percent. Yet this is hardly the first instance of a whale changing the fortunes of meme coin.
In August 2020, Shiba Inu was launched as part of a strategy to leverage Dogecoin’s popularity, which led countless investors to jump into the cryptocurrency space.
Crypto surges 91% in the last 24 hours after Billionaire Elon Musk:
Billionaire Elon Musk has been suspected of pumping up doge and other cryptocurrency prices on more than one occasion by sharing internet references and sharing memes as he has a long history of being interested in digital tokens. After Billionaire Elon Musk’s recent tweet meme coin, Shiba Inu is a great investment.
The meme coin, which has gained massive traction in the past two days after Musk’s tweet, was trading at $0.00002390, an increase of nearly 91% over the last 24 hours, according to CoinGecko. Over the course of the last seven days, Dogecoin prices have increased by 36%.