Shiba Inu’s X Account Followed a Token With 700 Followers. Here’s What Happened Next

The official Shiba Inu X account now follows WOOF, a new Ethereum meme coin that trades primarily towards SHIB. WOOF’s worth on that SHIB pair rose 971% in 24 hours, in response to DEX Screener.

The WOOF account joined X this month and has fewer than 700 followers. A single comply with from Shiba Inu pushed the little-known token into the highlight.

Shiba Inu Follow Draws Attention to a Brand-New Token

Notably, the WOOF account follows just one profile itself. Its bio describes the token as paired with SHIB, and its pinned put up shares the contract tackle. DEX Screener knowledge confirms that pairing on-chain.

On-chain knowledge exhibits WOOF is an ERC-20 token with a mounted provide of 1 billion. Its essential pool on Uniswap v4 opened on September 28. The pool pairs the token with SHIB rather than ETH or a stablecoin. As a end result, consumers want SHIB to succeed in the deepest WOOF market.

Thin Liquidity Leaves WOOF Open to Sharp Swings

The SHIB pair holds about $180,000 in liquidity. It recorded roughly $1.5 million in buying and selling quantity over the previous day. Buy orders outnumbered sells, 2,653 to 1,875. The token’s market capitalization sits close to $1.1 million, and Etherscan lists 882 holders.

Such a shallow pool can amplify worth strikes in each instructions. The contract code contains purchase and maintain caps, together with a guard mechanism for the launch section.

For SHIB, the timing provides context. Shiba Inu’s layer-2 community noticed Shibarium usage collapse earlier this yr. Meanwhile, the group lately credited neighborhood posting for a SHIB rally that still trailed the market. Against that backdrop, a buzzy new SHIB pair offers holders yet another place to make use of their tokens.

A comply with just isn’t an endorsement, although. So far, the Shiba Inu group has not publicly defined why it follows WOOF. The key query for merchants is whether or not demand for the token holds as soon as the eye fades. A cooling hype cycle would hit a pool this shallow hardest.

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