Shiba Inu | Meme Season Incoming?
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The price of Doge killer aka Shiba Inu has skyrocketed over the past week, gaining over 140% to hit prices not seen since late 2021 plus SHIB is trading around $0.0...22, up nearly 77% in the past 24 hours alone
This massive surge in price has coincided with an influx of volume into the Shiba Inu markets. SHIB is seeing 6 billion$ in daily trading volume and still 75% down till ATH which show the game just started
onchain’s data revealed a significant whale event, with a sell off of PEPE tokens worth $6.07 million, followed by the acquisition of 75.9 billion SHIB tokens valued at $893,000. Meanwhile, the surge in SHIB’s burn rate, leading to the destruction of 3.75 million tokens, turned heads towards the emerging meme coin. This surge brings the total burnt tokens to around 410.70 trillion SHIB, significantly reducing the circulating supply to 581.65 billion coins.
The broader cryptocurrency market rides on the wave of the memecoin rally, with strong undercurrents indicating bullish sentiment. Shiba Inu’s surge, alongside other memecoins like Dogecoin and Dogwifhat, underscores the growing influence of meme currencies in the crypto sphere.
Shiba successfully broke 14 and ready to hit 25 and $0.0...29
This massive surge in price has coincided with an influx of volume into the Shiba Inu markets. SHIB is seeing 6 billion$ in daily trading volume and still 75% down till ATH which show the game just started
onchain’s data revealed a significant whale event, with a sell off of PEPE tokens worth $6.07 million, followed by the acquisition of 75.9 billion SHIB tokens valued at $893,000. Meanwhile, the surge in SHIB’s burn rate, leading to the destruction of 3.75 million tokens, turned heads towards the emerging meme coin. This surge brings the total burnt tokens to around 410.70 trillion SHIB, significantly reducing the circulating supply to 581.65 billion coins.
The broader cryptocurrency market rides on the wave of the memecoin rally, with strong undercurrents indicating bullish sentiment. Shiba Inu’s surge, alongside other memecoins like Dogecoin and Dogwifhat, underscores the growing influence of meme currencies in the crypto sphere.
Shiba successfully broke 14 and ready to hit 25 and $0.0...29
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