A top whale has acquired $1 million worth of Shiba Inu in the past 24 hours, with the cryptocurrency aiming to reach the coveted $0.00001 level. The whale, currently the 19th biggest holder of SHIB, made three separate transactions to accumulate a staggering 121.27 billion SHIB. This has caused a 3% surge in the price of Shiba Inu, representing the largest intraday gain for the asset in over a month.

As of press time, Shiba Inu is trading at $0.00000885, up 2.4% over the last day, with a 24-hour trading volume of $182.22 million.