SHIB Surges 7% as Bulls Shatter Resistance—Memecoin Mania Defies ’Serious Finance’ Skeptics

Dogecoin’s fiercest rival stages another breakout as traders pile into risk assets. SHIB’s 24-hour volume spikes 40%—proving once again that ’utility’ is optional when hype and liquidity collide.

Key levels smashed: The token cleared its 200-day moving average, triggering algorithmic buy orders. Now traders eye the next psychological barrier at $0.00003—a level last seen before the 2022 crypto winter.

Behind the pump: Whales accumulated 4.2 trillion SHIB this week while retail FOMO builds. Exchange reserves hit 18-month lows as holders move tokens off-platform—either extreme confidence or preparation for the next ’sell the news’ event.

The cynical take: Another reminder that in crypto, the ’fundamentals’ that matter most are Twitter threads and coordinated telegram groups. Meanwhile, Bitcoin ETFs sit at record outflows. Priorities!