Shiba Inu's Weekend Rally: A Surge of 39% Fuels Meme Coin's Ascension

Shiba Inu (SHIB) experienced an impressive weekend rally, becoming the top-performing cryptocurrency in the top 50. The meme coin surged by approximately 39% from its lowest price on Friday to its highest on Sunday.

The surge was backed by robust spot positioning, with over $5 million in positive net flows observed on Saturday alone, according to CoinGlass data. This marked the largest daily spot inflow in over 9 months.

Despite the impressive rally, Shiba Inu's price retreated considerably, signaling heavy profit-taking. At press time, the meme coin traded at $0.00000512, still holding its position as the biggest gainer among top coins.