The price of Shiba Inu (SHIB) has skyrocketed over 3% in a single day, driven by massive buying from a savvy whale investor and exciting announcements from the SHIB community. A recent report revealed that the whale investor, who had previously amassed a significant amount of SHIB, has purchased an additional 350 billion coins. This substantial accumulation, combined with news of a major boost to the SHIB burn rate, has fueled market sentiment and sparked a surge in investor confidence.

According to on-chain transaction tracking platform Lookonchain, the whale investor withdrew 353.83 billion SHIB from Binance, worth approximately $6.6 million. This significant transfer has boosted the SHIB price and increased the whale's holdings to 838.87 billion, valued at around $15.5 million. The whale's current profit stands at $6.13 million, signaling growing interest in SHIB.

The SHIB price has risen 3.21% to $0.00001878, with a one-day trading volume of $280.87 million. The price saw a high of $0.00001892 and a low of $0.00001798 over the past 24 hours. While the Shiba Inu Open Interest remains in the red, it has improved to $36.32 million. The recent spike in the SHIB burn rate has also fueled investor confidence, with the lead developer announcing that revenue from the upcoming Shiba Eternity game will be used to boost SHIB and LEASH tokens burning.

The launch of the close beta Web3 version of the Shiba Eternity game in the third quarter of this year has also generated excitement among investors. The game's in-app purchases will generate revenue used to boost SHIB and LEASH tokens burning, further fueling market sentiment.

In conclusion, the SHIB price surge is driven by the massive accumulation of coins by a savvy whale investor and exciting announcements from the SHIB community. As investor confidence grows, the price is expected to rally further. With the upcoming game launch and boost to the SHIB burn rate, the future looks bright for Shiba Inu.