Shiba Inu Coin, a popular meme coin, has seen a significant price increase of nearly 10% in a single day, sparking excitement among investors. This surge is attributed to a notable whale investor who has re-entered the market after a two-year hiatus. The investor, who previously made a profit of $145 million from SHIB, has purchased a massive 715.8 billion coins, worth $18.5 million, in the past five hours.

This substantial investment has not only boosted the price of Shiba Inu but also indicates growing investor confidence in the coin. The whale's return to the market suggests a bullish sentiment, which may attract more investors to follow suit. The significant purchase aligns with broader trends in the cryptocurrency market, where strategic investments by major players often lead to notable price movements.

The SHIB community views this whale accumulation as a positive sign, signaling confidence in the asset's long-term value. Large-scale purchases can encourage other investors to follow suit, leading to further price increases. Additionally, a recent spike in SHIB burn has fueled investors' confidence, leading to a 27% increase in one-day trading volume.

In conclusion, Shiba Inu Coin's price surge is a significant development in the cryptocurrency market, driven by the return of a notable whale investor. This investment has boosted investor confidence and may attract more investors to the market. With its price up 9.70% and a significant increase in open interest, Shiba Inu Coin is definitely one to watch in the coming days.