Cryptocurrency in the Shiba Inu (SHIB) ecosystem LEASH It has experienced a significant price increase in the last 24 hours. The meme coin formed a huge green candle as its price surged from $437 to $658 on February 17.
At press time, meme coin is up 32% in the last 24 hours 576 dollars level is traded. Trading volume also increased by 1163% after traders took action after the rise.
As we reported yesterday, a stock exchange headquartered in Hong Kong. XT.comannounced the listing of Doge Killer (LEASH). LEASH under USDT trading pair listed. This may have triggered the price increase we mentioned. Although the reason for the large increase is still unknown, a closer examination of the hourly chart suggests that a large buy order may have caused the spike.
In addition, the XT.com exchange, which has more than 500 cryptocurrencies, announced that it had also listed the BoneShibaSwap (BONE) token last weekend. Apparently shiba inu ecosystem is being supported by exchanges.
Transaction volume refers to the total volume of coins exchanged between buyers and sellers. Volume is often a double-edged sword as it indicates both buy and sell side trades. With this, meme coin The increase in the price may be evidence of a superiority of purchases.
You can follow the current price action here.