The Shiba Inu has increased by 16 percent as a result of Whale's $136 million SHIB Buy

Meme coin. A crypto whale acquired $136 million worth of Shiba Inu (SHIB) today, sending the cryptocurrency on a tear.

Shiba Inu (SHIB) soared by over 16 percent in a single day after a crypto whale purchased $136 million worth of the dog-themed meme coin.

The crypto whale purchased around 4 trillion SHIB tokens, valued at over $136 million at the time, according to the Whale Stats website, which records high-value crypto purchases.

SHIB began the day with a price of $0.00003238 and is currently trading at $0.00003765, up 16 percent on the day.

 

Following their big buy, the unnamed crypto whale’s portfolio is now 25% SHIB. Elsewhere in their portfolio, the whale has purchased $88 million worth of Decentraland (MANA) tokens, and $42 million worth of the Tether stablecoin. 

MANA is the second biggest asset in the whale’s portfolio, making up nearly 16% of the entire portfolio itself. 

Shiba Inu’s recent history

 

Today’s price surge is just the latest in a long line of recent booms for SHIB. 

After crypto platform Kraken listed the joke coin late last month, SHIB skyrocketed by almost 30%. In November, Kraken was not the only exchange to list SHIB; Gemini and Binance did as well.

SHIB's pricing increased by 18% in the same month when the initiative reached a new milestone of 1 million subscribers.

SHIB soared roughly 400 percent in a week in October to become the 12th largest cryptocurrency by market capitalisation.

SHIB actually surpassed Dogecoin as the world's largest meme cryptocurrency by market cap at the time, though it has since reverted to second place in the rankings.

However, the SHIB whale who bought today is a little speck in comparison to the SHIB whale who moved about $3 billion of the meme cryptocurrency in November.