In the last 24 hours, the Shiba Inu price has jumped more than 55 percent.
This time the coin took off after Elon Musk’s tweet. Shiba's price rose sharply in a short period after Musk shared a photo of his new pet named Floki.
A large coin holder took advantage of the meteoric rise of the meme. An unknown whale transferred 6.1 trillion Shiba coins purchased at the end of September to a new address with a commission of only $83. The assets, valued at $43.8 million, are now worth $83 million.
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While investors' attention is focused on the price movement of bitcoin, given the drama that has unfolded around the SEC and bitcoin-ETF, speculators are driving up the price of altcoins.
