Look at the 1-minute chart below from yesterday’s intraday price action on $SHIB. 🤯
It was one of the craziest swings of all the major market cap memecoins by far, just an insane move. And how did the Stocktwits SHIB stream react? Like you’d expect any high class degen to react: Unf*cking fazed.
When bulls get liquidated, bears get excited. When bears get liquidated, bulls get excited. 😁
I have no idea what happens when everyone gets liquidated. From Glassnode’s Liquidation Heatmap, here’s this insane look.
This is such a typical memecoin story (and they pop up quite a bit during bull runs), and this one involved Dogwifhat ($WIF). 🐶
Some dood turned $1,750 into $11.2 million. He bought 5.1 million WIF in November and then spent who knows how many sleepless nights this month figuring out how to cash out on his lottery ticket.
BlackRock’s spot $BTC ETF, IBIT, just casually gained a cool $788 million in a single day. 🪨
While the rest of us debated whether to splurge on $SHIB or $FLOKI, $IBIT was busy breaking records. With a casual $12.2 trillion in its war chest, the world’s heavyweight asset manager, BlackRock, has decided Bitcoin is the new black.
Memecoin madness is back, and it’s like deja vu. All over again, like deja vu. 🐶
According to the fine folks at Santiment, the spotlight’s on $PEPE, $FLOKI, $BONK, and a few others, all of which have decided to moon together. Price surges of over 500% and trading volumes that skyrocketed nearly 3,000%? Just another crypto memecoin insane bull run