Shiba Inu and Floki Skyrocket With $800 Million Whale Volume – Is a Meme Rally About to Explode?
Canine meme coins Shiba Inu ($SHIB) and Floki ($FLOKI) are rallying in line with the rest of crypto’s meme coin sector, which grew 10% in the last 24 hours to post a collective market cap of $67.9 billion.
Both Shiba Inu and Floki rose 9% overnight and now retail for $0.00001864 and $0.0001445 respectively.
Most canine-themed coins appear to have tracked the wider sector, with OG meme coin Dogecoin ($DOGE) rising as much as 13% in 24 hours (and a sweltering 16.5% in the last seven days) to trade at $0.1658.
In fact, the only canine-themed cryptocurrency among the Big Five that didn’t grow by around 10% was Solana’s Bonk ($BONK). Bonk grew 4% to reach $0.00002172.
Floki and Bonk are also the only two blue chip doge coins to depreciate over the week. Bonk fell 7% while Floki fell 4%.
In general, the market is following Bitcoin ($BTC), which grew 3.4% overnight and now trades at $71,165.
