Shiba Inu ($SHIB) and Floki ($FLOKI), both renowned canine meme coins, have experienced a notable surge in their market performance, in tandem with the broader meme coin sector. This sector witnessed a collective growth of 10% over the last 24 hours, now representing a significant market cap of $67.9 billion.
Both Shiba Inu and Floki recorded a 9% increase in their market values overnight. Following this uptick, Shiba Inu now trades at $0.00001864, while Floki is valued at $0.0001445. Analysts are attributing recent upward trends to substantial whale trading volume of approximately $800 million.
The significant increase in whale volume for these meme coins suggests a growing interest and potential for further rallies. Those watching the meme coin market closely are eager to see if this trend marks the start of a new wave of interest and investment in the niche sector of cryptocurrency.
