Shiba Inu X Account Follow Triggers 971% Surge in New Meme Coin WOOF

The official Shiba Inu X account recently followed a new Ethereum-based meme coin, WOOF, causing its price to jump 971% within 24 hours. WOOF, which launched on Uniswap v4 on September 28, is primarily traded against SHIB. With a market capitalization of approximately $1.1 million and limited liquidity of $180,000, the token has experienced high volatility. The Shiba Inu team has not provided an official explanation for the follow, and the token's long-term sustainability remains uncertain as market attention shifts.