SHIB rallies 40% as spot inflows surge to $5M, suggesting the move might actually stick

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The meme token Shiba Inu surged 40% this weekend, hitting a peak of $0.00000582 on July 26 and pushing its market capitalization to approximately $3.12 billion. This represents a gain of roughly $1 billion in a single day. Positive net spot inflows topped $5 million on Saturday, marking the largest single-day figure in over nine months. Trading volume jumped to $717 million, an increase of up to 1,245% from prior levels. This rally is notable because it was driven by actual spot purchases rather than leveraged speculation, distinguishing it from previous speculative surges of the token.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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