20 July 2026
Shiba Inu (SHIB) Soars 100 Percent Following a Massive Whale Purchase
Despite the recent TVL decline in Shiba Inu’s decentralized exchange, an unknown SHIB whale has purchased more than six trillion of the asset. As a result, the token went on a roll in the following days and doubling its value.
Shiba Inu was launched to take advantage of the ongoing meme coin craze, holding countless investors rushing into the Cryptocurrency space by claiming itself as a Dogecoin-killer. It even raised it further than DOGE, which was simply created as a joke token, and released a decentralized exchange earlier this year.
According to DeFiLlama, even though the TVL has declined substantially to under $300 million. Investors were highly interested in Shiba Inu as the total value locked surged to nearly $2 billion in June and July. However, this has not stopped one mysterious SHIB whale from buying massive portions of the asset.
A recent transaction from late September reveals that the whale bought nearly 6.2 trillion of the token for approximately $44 million. Following the purchase, the price of SHIB skyrocketed from roughly $0.0000715 to a daily high of $0.0000145. This is the highest price level since mid-May. However, SHIB is still a long way to go from the all-time high reached earlier this year of $0.00003791, according to CoinGecko.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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