๐ Meme Coin Surge: SHIB & PEPE Shine Bright! ๐
Shiba Inu (SHIB) and Pepe (PEPE) have been capturing attention with impressive gains, standing out in a market thatโs generally seeing moderate movement. While many altcoins are showing growth, SHIB and PEPE are among the top performers today.
Both meme coins have surged in parallel. Coinglass data shows SHIBโs futures volume hitting $101 million, reflecting increased investor interest. This momentum led SHIB to rise nearly 10% during the day, with PEPE also gaining more than 5%.
Looking at the charts, SHIB has seen its highest influx of funds since February 5th, showing significant interest in its futures market. Alongside SHIBโs rise, PEPE also posted solid gains, with both coins gaining attention from traders.
SHIB now boasts a $6.4 billion market cap, having gained nearly 60% since mid-June, signaling potential for further growth and reigniting interest in meme coins.
While the broader market is relatively calm, SHIB and PEPEโs impressive rallies hint at the possibility of another meme coin frenzy in the near future.
This post is not financial advice.