Shiba Inu (SHIB) Price Soars By 25% And Whales Are Still in Control
![Shiba Inu (SHIB) Price Soars By 25% And Whales Are Still in Control](/content/images/size/w960/wordpress/2023/02/DALL-E-2023-02-23-09.02.09-a-synthwave-sunset-with-artificial-intelligence-improving-markets.png)
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.