May 10: In the world of meme coins, anything can happen—except apparently, having a price you can pronounce without scientific notation. Shiba Inu (SHIB), the much-beloved, much-memed pup coin, has decided to stretch its little digital legs, leaping an eyebrow-raising 7.46% in just 24 hours. Yes, you read that right. Yesterday’s wallet sob story is today’s “maybe I’ll buy that inflatable flamingo after all.”
Volume? Oh, it’s not just up; it’s catastrophically up: a thunderous 81.69% increase in trading mayhem, signalling either growing investor interest or possibly just a lot of folks hoping for a sequel to Dogecoin’s glory days (Shiba Inu: The Bark Awakens). Current price: $0.00001601. For those fighting the urge to cash in and go live under a palm tree, SHIB isn’t showing any signs of curling up on the rug just yet. 🐕🦺
Will SHIB price break out?
Brace yourself: This entire profit puppy parade seems to be powered by whales—no, not actual whales, but the heavyweights who throw billions of tokens around like confetti at a toddler’s birthday party. And thanks to these large-scale shenanigans, SHIB has bounded past its 50-day Exponential Moving Average (EMA), which sounds terribly impressive if you pretend to know what it means. Now everyone’s side-eyeing the 200 EMA, which lurks suspiciously close to the current price. Tension! Drama! Emoji!
If SHIB manages to vault over the 200 EMA (considered, in some circles, the “boss level” of coin resistance), things could get very spicy indeed. This could be where SHIB stops fetching sticks and starts chasing Lambos.
Meanwhile, there’s been a new on-chain milestone—yes, numbers! On May 8, a jaw-unhinging 6.71 trillion SHIB shuffled around the blockchain, setting a new seven-day high, presumably causing calculators everywhere to implode. And whale wallets saw their SHIB inflow rocket from 238.91 billion tokens to a casual 6.42 trillion in a single day. So, either a massive accumulation phase has begun, or someone accidentally sat on the “Buy” button.
All the signs point to a bullish cycle, with whales orchestrating the mania and smaller investors hanging on for dear life. Should SHIB smash through its 200 EMA like an overcaffeinated Pomeranian through a doggie door, who knows? We might see this meme coin stealing the show once again—probably still cheaper than your daily coffee, but way more entertaining. 🚀
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2025-05-10 12:53