Its pumping due to indirect effect of Elon Musk who tweeted his dog phot and things went viral and within no time users started buying it. Things are still depended on his tweet and still it seems has an effect on price rise or fall. Good thing for those who made money with it.
Probably but looks like the chart was something great to dive in when it was at the 0.000005-0.000006 something and more like the tweet on Elon makes some more push. To be honest I did a x3 on that rally but it takes me a month I guess for that to happen and I'm happy on where I sold it in the spot market. To be honest I think SHIB will reclaim the ATH and this drop is more likely a correction and that rally tells something.