Shiba Inu (SHIB) ecosystem has witnessed heavy blockchain activity as two whales have purchased $35.2 million worth of SHIB. Specifically, these whales have acquired 1,356 trillion SHIB at an average price of $0.00002596.
The community has reacted with interest to these massive SHIB transactions. While some express disappointment over the lack of a significant price spike, others speculate on the possibility of a SHIB ETF move by a major entity like BlackRock.
Nonetheless, many believe this could be a harbinger of SHIB’s price explosion in the near future. As the crypto bull cycle enters its golden phase, memecoins and altcoins are expected to experience dramatic price pumps.
SHIB Transactions Surge, Burn Rate Exceeded
Despite the muted price action, the SHIB ecosystem has seen a remarkable surge in daily transactions, reaching $135 million. This represents a 99% increase in transaction volume, likely due to the ecosystem exceeding the burn rate by a staggering 10,000% just two days ago.
Analyst Predicts 4X Surge for Dogecoin
Meanwhile, the spotlight also shines on Dogecoin (DOGE), as an analyst shares their price action observations and predictions. The analyst foresees a 4x price pump for DOGE, potentially leading to a new all-time high price exceeding expectations this cycle.
DOGE, the King of Memes, Poised for Explosive Growth
Many prominent figures in the crypto community have been advocating for a massive DOGE price surge during the current bull run. DOGE, known as the king of memes, is widely believed to not miss out on the market’s upward momentum. Some even speculate that DOGE’s price could reach as high as $10.
Memecoins Primed for Substantial Gains
The general sentiment in the crypto space is that memecoins like SHIB and DOGE are strong contenders to experience substantial price pumps as the “golden phase” of the bull cycle approaches. Investors and enthusiasts eagerly anticipate the potential for these iconic memecoins to reach new heights in the near future.
Read Also: Floki Outshines Dogecoin and Shiba Inu: Here’s Why
