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Shiba Inu and Floki Skyrocket With $800 Million Whale Volume – Is a Meme Rally About to Explode?  Cryptonews 29 oct. 2024

Shiba Inu and Floki Skyrocket With $800 Million Whale Volume – Is a Meme Rally About to Explode?  🚀

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.

Sursă: cryptonews.com ↗

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