CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Shiba Inu (SHIB) jumps 10% as whale buys 4 trillion coins

By Robert Davis

21:56, 22 December 2021

Happy shiba inu dog on yellow.
Massive coin purchase helps Shiba Inu jump 10% - Photo: Shutterstock

The price of popular meme token Shiba Inu jumped by more than 10% on Wednesday after several whales, a colloquial term for investors with large holdings, added to their stash.

One wallet added more than 4 trillion tokens valued at more than $136m (£94.37m), according to data from WhaleStats, which tracks over 1,000 Ethereum wallets.

The buy sent the price up from a weekly low of $0.000028 on Monday up to $0.00003601 by 21:00 UTC.

Over the past week, the asset has gained more than 6.5% in value while larger cryptocurrency assets like Bitcoin and Ethereum have been flat.

About the Whale wallet

According to WhaleStats, the wallet that made the large SHIB purchase also owns decentralised assets such as Decentraland and a sizeable amount of Tether stablecoins.

While the wallet owner’s identity is unknown, it now holds more than $159m of SHIB compared to $89.8m of Decentraland and $42.3m of Tether.


381.30 Price
-2.900% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50


0.55 Price
+2.260% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168


0.12 Price
-0.430% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872


3,422.20 Price
-0.520% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

The wallet also has more than $20m of other assets like OmiseGo, Matic Token, and Ether.

Shiba’s performance

Despite being valued at less than a penny, SHIB is currently the 13th-largest cryptocurrency by market capitalisation, according to data from CoinMarketCap.

However, the asset has been on a precipitous decline since reaching its all-time high of $.00008 on 26 October, which gives investors an opportunity to buy the dip.

Over the last 24 hours, more than $2.27bn worth of SHIB has exchanged hands, according to CoinMarketCap.

Read more: Shiba Inu meme crypto surges on picture of rich man’s dog

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 630,000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading