Shiba Inu (CRYPTO: SHIB) is riding a price pump off the back of Dogecoin (CRYPTO: DOGE) leading a broader meme coin rally.
What Happened: On-chain intelligence firm Arkham Intelligence recently reported an unknown whale withdrawing 105.9 billion SHIB, valued at $1.99 million, from Coinbase in a transaction split into three parts. This address hasn’t appeared in prior on-chain activity, signaling potential bullish momentum for the meme coin.
Lucie, Shiba Inu’s marketing lead, announced that the Shiba Inu Decentralized Autonomous Organization (DAO) and foundation are set to launch in 2024/2025. She added that the “Shib ecosystem is on the brink of a transformative shift, putting power in the hands of true holders.”
Amid …
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