Kishu Inu has surged by over 8% in the last 24 hours and managed to return to the top 10 list of tokens purchased by ETH whale wallets.

At the time of writing, KISHU was trading at $0.000000001585. It has hit a daily high of $ $0.000000001591.

What’s Kishu Inu?

Before we get into the causes of the price rise, let’s first define what it is.

In a nutshell, Kishu Inu is a dog-based meme cryptocurrency inspired by Dogecoin. This crypto decided to use the Shiba Inu dog breed for its mascot instead of Dogecoin or Shiba Inu coins.

KISHU refers to the native token for the Kishu Inu me-coin project.

Why are KISHU prices rising?

There are many reasons for the current price rally. There are several reasons for the current price rally, including increased purchases of the coin by Ethereum whales and Shiba Inu trending in Binance.

KISHU purchase from ETH Whales

One of the main reasons for the bullish momentum is the sudden rise in the number ETH whales accumulating KISHU coins. It is currently in the top ten of the most purchased coins by ETH whales and as a result, its trading volume surged by over 200%.

According to Whalestats, KISHU ranks fourth in the top-most bought coins by ETH whale accounts.

”The top 1,000 Ethereum wallets are worth an average of $150. 39 million and have an average of 40,404 ETH, 39 tokens, and 1 NFT.”

JUST IN: $KISHU @InuKishu is back on top 10 purchased tokens by 1000 biggest #ETH wallets

Whale leaderboard: https://t.co/N5qqsCShZR#KISHU #KISHUVERSE #KishuArmy pic.twitter.com/8uNR4FjA88

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 28, 2022

Ethereum leads the list, closely followed by USDC token. The largest ETH Whales are the most active traders of NuCypher, (NU).

Meanwhile Shiba Inu is the most popular meme coin among many ETH Whales owners. Whalestats states that the largest ETH Whale has more than $1. 27 billion SHIB tokens.

The adoption of a meme currency by Whales is a sign that the meme-crypto community has better days ahead.

Kishu Inu is trending on Binance

Another reason for bullish momentum is the recent announcement by Binance that the coin has been trending on Binance since obtaining the fourth spot.

#4 is now #1 on the top-traded projects list. We will take on each milestone one at a time and show you what we can do.

Let’s get the Kishu army! @binance @HuobiGlobal @kucoincom @cryptocom @krakenfx https://t.co/EiRLWQMqMs

— Kishu Inu (@InuKishu) February 26, 2022

Kishu inu NFT tralier

KISHU also dropped a trailer for its KISHUVERSE NT earlier, which excited the community.

Check out #KISHUVERSE NFT trailer 2

We will be announcing utilities/use case very soon!!!

Kishuverse updates V0.1 is in works! !

Official minting site https://t.co/U5GYD5sVob

Via metamask only#NFTs #NFTcommunity #NFTworld #robinhood_star1 pic.twitter.com/j4gOqRZDNC

— Kishu Inu (@InuKishu) January 17, 2022