Shiba Inu Hits A 1-Month High As Meme Coin Market Explodes—Will The Dog-Themed Crypto Chart Another 2X Jump?
Posted On March 26, 2025
Popular dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) is trading at one-month highs on Wednesday morning amid a broader jump in risk-on sentiment for meme coins.
What Happened: SHIB soared over 14% in the last 24 hours to a market capitalization of over $9 billion.
The coin sailed to an intraday high of $0.00001561, a level last seen on Feb. 23, before reversing slightly due to profit-taking.
SHIB’s trading volume jumped 108% to $453 million, making it one of the most traded cryptocurrencies in the last 24 hours.
Whale interest in the coin soared, with large transactions valued at over $100,000 surging by 72% over the previous day, according to IntoTheBlock.
Moreover, the total balance held by long-term holders rose 0.02% over the …
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