The price of Shiba Inu (SHIB) has surged over 170% in the past week, reaching levels not seen since mid-2022, with a 20% increase in a single day. Positive price action and profit for holders have led to a bullish sentiment for the "Dogecoin killer," with technical analysis indicating a "strong buy." The SHIB blockchain Shibarium has also seen significant growth, with over 1.36 million crypto wallet addresses and nearing 400 million transactions. With indicators pointing to potential profits, SHIB holders are optimistic about the current meme token revival.
Sales of Solana's Saga phone, previously considered a "failure," have surged with prices reaching as high as $5,000 on eBay. The surge in sales is attributed to arbitrage traders chasing a 30 million BONK token airdrop given to every phone owner. The popularity of the dog-themed BONK token has boosted the fortunes of the Saga phone, which previously faced uncertainty about its future.
Pepe Coin's price has fallen by 13.5% in the past 24 hours, but it remains up by over 200% in the past week and by more than 600% in the past fortnight, with the altcoin also gaining by over 4,000% compared to the lowest price recorded by CoinGecko. Its 24-hour trading volume remains vastly elevated compared to where it was even a few days, at $750 million. The arrival of Pepe Coin comes amid a wave of other similar meme tokens, including SpongeBob, which has gained by well over 5,000% since directly listing on Uniswap on May 4.
