Skip to content

Shiba surges 20% in a week as whale buys more than 6 trillion SHIB

Shiba Inu (SHIB) adds more than 30,000 new holders in two weeks

The price of Shiba Inu (SHIB) has risen sharply in recent weeks due to the asset’s recent Coinbase listing, with the coin’s price increasing by more than 20% this week alone.

Factor in the coin’s growing online appeal, with over 900,000 Twitter followers, the Elon Musk effect, large SHIB whales coming into the equation, and there is no telling where the memecoin will go next.

Indeed, 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 within a few hours of one another on the same day, purchasing a total of 276 billion SHIB.

Moreover, largely thanks to the whale and positive sentiments recently around Shiba Inu, the coin is still trading in the green despite the fact that several of the top 10 cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), were down on Monday.

Shiba Inu 7 day price chart. Source:

Currently, a market capitalization of $3.3 billion is being held by the digital asset, which is now trading at $0.000008681, up 9.71% on the day and 21.20% in the past seven days, according to

Shiba Inu is attracting the attention of whales

In general, crypto whales have taken an interest in the Dogecoin competitor, having amassed large amounts of SHIB since the currency was introduced to the eToro trading site in late June this year. 

In addition, during the final week of July, when SHIB was listed on Coinbase Pro and WeBull, whales increased their stake in the cryptocurrency significantly. Meanwhile, when Binance and Coinbase, respectively, listed the cryptocurrency in August and September, additional SHIB was transferred into whale’s cold wallets. 

Even the CEO of PAC Protocol, David Gokhshtein, took to Twitter over the weekend, acknowledging a crypto whale has been collecting billions of SHIB since Thursday.

It appears that the SHIB community is now anticipating another surge, with the Robinhood app expecting to be the next big platform to list Shiba Inu. Consequently, some SHIB supporters are making daily appeals for Shiba Inu to be listed, and even over 193,000 individuals have signed a petition on calling for the coin to be listed.

Elon Musk effect

On top of the whale accumulation, Elon Musk continues to tweet about his new Shiba Inu puppy, which, interestingly, appears to affect the market performance of SHIB.

As a result of Musk’s tweet, which was sent at 7:11 a.m. IST (GMT +5:30), Dogecoin also experienced a minor spike in value starting at 7:13 a.m, before dipping again fifteen minutes later. Even while Dogecoin saw just a small increase after Musk’s tweet, the cryptocurrency Floki, which is named especially after Floki, saw an exponential rise. 


Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.