As On-Chain trading continues to thrive, XSHIB token has emerged as the latest meme coin breakout in a classic play on the Shiba Inu predecessor.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention, including the ever-popular APX, RAIN, MEGA, REFUND, DRS and SNOR.
The sensational +50,000% skyrocket has seen XSHIB hammer-up to claim the biggest daily gainer across multiple platforms including Gate.io.
The XSHIB token is linked to the well-known ShibaX NFT collection, with the new stealth launched token expected to form the backbone of impressive ecosystem growth.
As XSHIB price action continues upside momentum, XSHIB is currently trading at a market price of $0.02024 (representing a 24-hour change of +132%).
This comes after XSHIB launched at just 16:00 on October 19, with a sudden +5,100% in the opening hour of trading setting the stage for the increasingly dramatic upside move.
An 8-hour period of consolidation saw strong lower support established at $0.008375.
But price action became invigorated at 1AM on October 20 with another thunderous candle surging up an additional 90%.
Eagle-eyed traders, drawn in by the skyrocketing price action, flooded into XSHIB throughout the morning of October 20 - with $604k in trading volume launching price on a multi-hour rally.
Price action topped out at a localised all-time high of $0.0243 at 7am on October 20.
However, a minor -40% retracement move has been quickly eaten up as European markets awakened - with price now in an ongoing return to the all-time high.
Yet, with only 266 holders and a lowly micro market cap of just $848k - it sems unlikely the price action will stop here.
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