Shiba Inu coins gained over 20% on Tuesday after reports of an unnamed Ether giant buying around 277 billion SHIB coins. The altcoin reached its all-time high in the wake of the news.
According to WhaleStats, the individual bought 276.6 billion SHIB coins for $11.5 million. This made the crypto-whale hold 316.5 billion SHIB coins worth $15 million.
The coins are trading at their highest at $0.00004853. This makes SHIB as the 11th largest crypto in the world at a market cap of $18.8 billion. Ahead of SHIB is the USD coin, which is at a $33 billion market cap. DogeCoin, the inspiration behind SHIB Inu Coin, has a market cap of $35 billion.
Earlier this week, SHIB tweeted tagging Elon Musk, the main man behind the rise of DogeCoin, “Hey @elonmusk How Much $Shib You Are Holding!!” to which Musk replied “None.” This news alone took the price of the coin down by almost 20%. But the news of the record-buy again gave the altcoin a strong momentum to build on.
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