With the support of the rally in the broader cryptocurrency market, there’s a strong undercurrent in the memecoin sector. In the last 24 hours, Shiba Inu has been leading the memecoin rally with a staggering 52% accompanied by Dogecoin’s 18% gains. The Shiba Inu price is currently trading at $0.00002.
Shiba Inu (SHIB) Price Rally
As of press time, the Shiba Inu (SHIB) price is up 52.85% trading at $0.00001976 with a market cap of $11.65 billion. Also, the daily trading volume for SHIB has also shot up by a staggering 93% moving closer to $4 billion.
The recent surge in the SHIB price comes amid massive whale activity. Lookonchain’s data reveals a significant event: a whale recently sold a considerable amount of PEPE tokens, totaling 1.97 trillion and reaching a staggering $6.07 million. Following this sale, the whale pocketed a profit of $3.49 million. Subsequently, the whale shifted focus to Shiba Inu, purchasing 75.9 billion SHIB tokens valued at $893,000.
A smart whale changed
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