ShibaInu: What could be the reason for SHIB's rally over the weekend
Whale activity around SHIB was high, and other metrics remained bullish.continued to decouple from the market as its price remained bullish in the on-going bearish market condition. In fact, the memecoin became the top crypto in the last 24 hours in terms of multiple metrics. The upward moving price action was likely to continue further as SHIB’s trading volume soared.
A significant driving force behind this surge could be the upcoming event, in which major announcements will be made related to its much-awaited Shibarium.Santiment posted a tweet on 6 August highlighting the fact that Shiba Inu managed to pump its price by more than 51% in just under four weeks. Not only was the memecoin’s price action bullish, but the uptrend was also accompanied by a massive hike in its trading volume.
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