Shiba Inu spiked 65% over the week, and a whopping 270% in the last month, fueled by a bull market that has sent meme coins skyrocketing.
moved sideways in the last 24 hours of trading, as traders took a breather after trading billions of dollars of the token over the week.
The lure of higher returns was enticing traders in hordes. As of this writing, SHIB holders had average unrealized profits of 52% on their investments, as gauged by the 30-day MVRV Ratio.highlighted a key resistance level at $0.000038, breaching which could spur a 40% rise in SHIB’s value to even $0.000052.
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