Shiba Inu Price Soars 35% on a Dull Day as Whale Returns With Massive SHIB Purchase
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During a largely sideways weekend in crypto markets, the second-largest meme coin by market cap exploded in a sharp surge, a rare reminder of past meme-token volatility. On-chain metrics point to a returning whale and other on-chain catalysts driving the rally, implying short-term bullish momentum for the token and renewed attention to meme coin adoption.
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In another relatively boring and uneventful trading day during the weekend, in which most cryptocurrencies have remained sideways, the second-largest meme coin by market cap exploded in a rare reminder of what the niche used to do a few years ago.
Some of the potential reasons behind this massive surge seem to be related to a returning whale and other on-chain factors.
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Coins
$ 0.00...571
+36.1%
$ 0.00...818
+11.9%Funds
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In This News
Coins
$ 0.00...571
+36.1%$ 0.00...818
+11.9%Funds
Predictions Markets
See what traders are focused on
Share:
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Shiba Inu Holders Breakdown: Here’s How Many Whales Control 95% of the Supply
