Santiment declares that the sudden increase in trading volume of meme tokens such as SHIB, PEPE, FLOKI, and BONK could indicate a reversal in the price of these meme tokens.
While Bitcoin (BTC) and meme tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe coin (PEPE) experience significant gains, some investors have taken this as an opportunity to sell for profit.
As meme tokens continue to soar, and are expected to rise further, Santiment advises investors to exercise caution with meme tokens.
Santiment notes that the trading volume of certain meme tokens has seen a significant increase, attracting particular attention in the previous week.
Meme tokens like SHIB, PEPE, FLOKI, and BONK have witnessed unusual surges in trading volume, with an average increase of over 3,000% in just one week.
According to Santiment, the sudden surge in trading volume has resulted in price increases and heightened community interest in these meme tokens.
Santiment argues that the sudden increase in trading volume, combined with the rise in social volume, could be an important indicator of potential price reversals in the coming days.
