A ShibAI token, a new cryptocurrency blending AI with the popularity of meme tokens, has experienced a phenomenal price surge of 18,649% over the past 24 hours, currently trading at $0.000816 on Raydium.
According to CoinGecko Terminal, ShibAI reached 0.0006356 at the time of writing. The token, built on Solana (SOL), has a current price of 0.05292 SOL, with a fully diluted valuation (FDV) of $610.58K.
Its market cap also stands at $610.58K, reflecting its fast-growing community of 4.4K holders within only 24 hours of launch.
ShibAI has seen impressive activity in the past 24 hours, with a trading volume of $3.99 million showing strong market interest. The token has $56.89K in liquidity, making transactions smooth even with its rapid price changes. There were 42,841 transactions, including 24,580 buys and 18,261 sells, highlighting its growing popularity among traders and investors.
This meteoric rise comes amid significant buzz in the AI and meme token ecosystem, particularly on the Solana blockchain.
ShibAI’s success mirrors the excitement seen in other meme tokens, such as SuperTrump and MAGA, which recently experienced notable price spikes tied to political events. Analysts are speculating whether ShibAI’s sudden surge is the result of its unique branding or simply a wave of speculative trading.
With ShibAI’s rapid rise and increasing liquidity, market observers are watching closely for signs of sustainability or potential pullbacks. The token’s community engagement and roadmap updates will play a key role in its future performance.