Shiba Inu (SHIB) Price Soars By 25% And Whales Are Still in Control

The price of Shiba Inu jumped 25% on the Kraken exchange after whale bought 24.8 billion SHIB tokens. This made the meme token surpass Avalanche’s (AVAX) and pushed it closer to flipping its rival, Dogecoin, once again. On-chain data suggests that short-term traders have not yet entered the market, which means whales are still in control of the current trend.