SHIB coin, the popular meme-based cryptocurrency shot up in value more than 20 percent on Tuesday to hit a record high of $0.00004853, according to data from CoinMarketCap.
According to Whalestats, on Monday a crypto whale bought 276.6 billion SHIB tokens which at that time was worth $11.5 million.
— Watcher.Guru (@WatcherGuru) October 26, 2021
That single whale's total holdings are now worth about $15 million.
SHIB's Tuesday increase brought its market value to $18.8 billion, making it the 11th largest cryptocurrency in the world.
To make it to the top 10 cryptos by market cap, SHIB will have to double to about $33 billion. Dogecoin is the next rung on the ladder at a $35 billion valuation.
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Disclaimer: Brody holds Bitcoin, Ethereum, Litecoin, XLM, Doge, and SHIB.