$PEPE

$SHIB

On March 8, 2025, a viral social media campaign triggered a massive surge in meme coin prices, particularly Dogecoin (DOGE) and Shiba Inu (SHIB). Key points include:

  • Price Spikes:

    • DOGE rose 25%.

    • SHIB increased 30%.

    coinmarketcap.com source

  • Trading Volume: Significant increases on major exchanges like Binance and Coinbase.

  • Social Media Influence: A viral campaign starting at 8:00 AM UTC drove the price surge.

  • Market Indicators:

    • RSI indicated overbought conditions for both DOGE and SHIB.

    • The Fear and Greed Index showed extreme greed.

    • MACD showed bullish crossovers.

  • Increased Activity:

    • Trading volumes on decentralized exchanges (Uniswap) rose.

    • Active addresses for both coins increased.

    • Average transaction sizes increased.

  • Broader Impact: Other meme coins like FLOKI and BONK also saw price increases.

  • Trading Implications: High volatility and potential profit-taking opportunities were highlighted.

coinmarketcap.com source

Please remember, I am a messenger, not recommending investment in any cryptocurrency. Good luck with your crypto investments.