Elon Musk’s tweet is pushing Shiba Inu 15% up and recent analytics data has revealed another trigger behind the rise of SHIB aka “Dogecoin killer”
Elon Musk posted a tweet about what the community interpreted as “Shiba Inu to the moon”, triggering a price hike for SHIB. Besides, Santiment on-chain data provider has shared another key reason for the rise SHIB meme cryptocurrency 15 percent rise.
Musk pushes up the price of SHIB by 15%
Once again the chief of Tesla and SpaceX, centennial eccentric Elon Musk has shown he always has it when it comes to pumping coins with his tweets.
Earlier today, the world-famous innovative entrepreneur published a tweet, in which he “drew” an animal with a soaring rocket, which the community said was a Shiba Inu dog and can be related either to Dogecoin or to its “killer” SHIB.
In the comment threads, some members of the crypto community posted SHIB charts, pointing out that the cryptocurrency itself rose more than 10% on this tweet from Musk. However, overall the coin rose by almost 15 percent.
The coin reached the $ 0.00002885 level earlier today.
Massive whale SHIB transfers are driving the price higher
Santiment data vendor’s analytics team has spread the word about a recent rise in the number of SHIB transactions worth $100,000 and carrying SHIB.
Experts at the company said that when these large transfers are done in clusters, the price of a coin usually goes up.
As reported by U.Today over the weekend, etherscan detected multiple large transfers of Shiba Inu token, many were carrying as much as up to 100 million coins.
Several consecutive transfers, however, contained around SHIB 86 billion each. In total, they carried around 260 billion SHIB tokens.
As a reminder the previous recent price rally of Shiba Inu was also driven by large SHIB transfers made by whales. One of them bought 6 trillion SHIB in a single transfer, then added 276 billion tokens to it, buying three pieces of that crypto meme.
Petition to list SHIB on Robinhood gets almost 300,000 signatures
As reported by U.Today earlier, the petition that had been started on Change.org to ask for SHIB to be listed on the Robinhood trading app has closely approached its goal of 300,000 signatures. By Sunday, 250,000 people have signed it.
Last week, SHIB was listed on India’s oldest crypto exchange, ZebPay, and Turkey’s largest exchange, BtcTurk, also announced plans to list the coin.
Such crypto trading giants as eToro and Coinbase have already added support for SHIB trading.
