Photos of the huge beast have gone viral as people seek answers about the bizarre sighting.
The beach as also been flooded by truth-seekers and tourists trying to catch a look at the monstrous creature and take selfies with it.
Scientists believe the “hairy blob” may have washed ashore after an earthquake rocked the Philippine’s Dinagat Islands on Sunday.
Several unusual sea creatures have also appeared from the depth of the deep blue following the quake – which killed six people and injured more than 120.
Some people have suggested the beast – which was found on the shore of the island’s Cagdianao province – may be Appa, a fictional character from the Nickelodeon animated TV series Avatar: The Last Airbender.
Austin Blanch tweeted : “Think it's Appa. Or a big Shitzu. I could be wrong.”
While another Twitter user, J Flow, said: “It's that creature from The NeverEnding Story.”
But according to local scientists the beast is probably the decomposing remains of a 20ft whale carcass.
The body of the whale, which weighs approximately 2,000kg, is believed to have turned white due to an advanced stage of decomposition.
The animal is thought to have died around two weeks ago, possibly after being hit by a ship.
