Shiba Inu Received 16,000% Surge In Social Media Mentions In 2021

Shiba Inu received 16,000% surge in social media mentions during 2021 according to the latest reports that we have in our altcoin latest news today.

2021 is slowly going away and we saw a huge number of exciting trends coming and going into the crypto sector and one that had a huge impact is the trend of meme coins that was led by Shiba Inu itself. The new research conducted by Global Data shows that the social media mentions that include Shiba Inu received a stunning 16,000 percent rise. By this metric, the meme-inspired coin and self-proclaimed DOGE killer, swept every other coin on the market during 2021.

Commenting on the matter was Senior Social Media Analyst Smitarani Tripathy, saying that the social media conversations around crypto as a topic increased year on year by more than 400% this year. The year was a major success in terms of overall crypto adoption that was propelled by a huge bull market that saw Bitcoin’s price reach $69K as a new all-time high. Despite the huge growth in social media mentions, SHIB is still nowhere to be found near Bitcoin. The research outlined that BTC is in the lead with these metrics in terms of social mentions followed by Ethereum with 305K and DOGE with 150K.

As earlier reported, A crypto whale bought $136 million worth of SHIB tokens which sent the dog-themed meme coin to soar by 16% in one day. According to the Whale Stats website, the crypto whale purchased another 4 trillion SHIB tokens with a value of about $136 million at the time. SHIB opened the day previously with a price of $0.00003238 and it is valued at $0.00003765 or a 16% increase in the day and we can see that SHIB surges 16% on the day.

Following the big buy, the crypto’s whale portfolio is now 25% SHIB and also the whale purchased $88 million worth of Decentraland tokens and $42 million worth of the Tether coin. MANA is the second biggest asset in the whale’s portfolio as it made up 16% of the entire portfolio itself. Today’s price surge is only the latest in the long line of booms for SHIB as it surged by 30% after the exchange Kraken listed the meme coin. Kraken was not the only exchange to list SHIB in November since Binance and Gemini did too.