Shiba inu spiked 13% after a crypto whale bought 4 trillion of the meme tokens

• Shiba inu coin's price jumped 13% after a crypto whale bought 4 trillion tokens.
• The whale's wallet is worth half a billion dollars and is also made up of metaverse tokens.
• Other crypto whales have been buying up shiba inu as it's slumped from October highs.

Shiba inu's price jumped 13% after a big crypto investor bought trillions of the meme token.

The big buyer, better known as a crypto whale, bought 4 trillion tokens for about $136 million, according to $4, which tracks ethereum wallets but excludes those for exchanges and projects. $4.

About a quarter of the whale wallet — which is worth half a billion dollars in total — is now made up of shiba inu coin. Metaverse tokens from Decentraland, Gala, and Sandbox also make up a big chunk of the wallet, along with stablecoin tether.

Shiba inu reached all-time highs in October and has largely been falling since, giving whales the chance to buy the dip. Earlier this month, one whale $4 to bring the wallet's total holdings to about 1.67 trillion shiba inu, Insider reported previously. Another whale bought about $4 of the tokens.

An individual shiba inu token is still worth less than a penny. But even so, it's the 13th biggest cryptocurrency by market value, just below its meme predecessor dogecoin, according to $4.

Shiba inu coin, named after the Japanese pup, is an ethereum-based alternative to dogecoin. It was founded in August 2020 by a person called Ryoshi, who wanted to move away from "rigid social structures and traditional mindsets," and make the coin "an experiment in decentralized spontaneous community building," $4.

In a year, the token has surged an eye-watering 53 million percent, $4.