Shiba Inu Price Soars 35% on a Dull Day as Whale Returns With Massive SHIB Purchase

Shiba Inu’s price jumped about 35% during a comparatively quiet trading day as a large “whale” returned to accumulate SHIB and on-chain activity increased. The article says the second-largest meme coin by market capitalization climbed from below $0.0000042 to about $0.0000052, then to around $0.0000058, reaching its highest level in more than two months. It recalls SHIB was rejected near $0.0000067 in May, after which it corrected toward roughly $0.000004, a multi-year low. The rally coincided with the reported purchase of about 30 billion tokens tied to a $125,000 accumulation by an unidentified holder after more than half a year of inactivity. Additional factors cited include a SHIB token burn surge of over 3,200% in a day and 500% weekly, and a decline in exchange-held SHIB over recent weeks per CryptoQuant. Other meme coins were also up, including PEPE (+9%), M (+4%) and DOGE (+5.5%).