Shiba Inu Gains More Than 20% Following Robinhood Listing and Whale Buys

The price of the SHIB token is up 26.39% on its daily chart as seen on the FTX exchange, after rebounding from lows of $0.0000219. The canine token had been the most-requested cryptocurrency among Robinhood users. A Change.org petition to list the whimsical cryptocurrency has reached 559,661 signatures.

Following the plunge back to local lows, one of the biggest whales on the Ethereum network grabbed a significant number of SHIB tokens, which potentially contributed to the current recovery of the asset. In the last 24 hours, over 392 billion SHIB have been grabbed by the top ETH whales, as blockchain data tracker WhaleStats reports three large SHIB transactions.

Two of the transactions reported were those by the largest ETH whale named"Light," who bought a cumulative 331,907,311,956 SHIB worth $7,597,358. The

Source: News Formal (newsformal.com)

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