Baby Shark, a meme coin inspired by the children’s song of the same name, has gone viral this week
Baby Shark (SHARK), is a meme currency that has increased by 128% in value since Monday. The coin’s success is arguably down to two things: its use of the “Baby Shark” meme, which is based on a viral children’s song, and its focus on environmental issues such as cleaning up the ocean, which is a hot-button issue today.
If you’re in the market for SHARK tokens, we’ll show you the best place to buy Baby Shark in this article. Continue reading to learn more about this project.
Where and how to buy Baby Shark in the UK?
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What is a Baby Shark, exactly?
Baby Shark is a hybrid token-memo-charity token. It aims to both enrich its holders and benefit environmental charities and non-profits. This goal is achieved through SHARK’s deflationary tokenomics: 3% of every transaction involving SHARK is redistributed to SHARK holders, and another 2% of each transaction is locked up in a charity wallet.
Binance Smart Chain has been home to many similar projects during the bull run. Investors are warming up about this new type coin that not only provides value, but also seeks to contribute to humanitarian and ecological drives.
SHARK: Should I Buy It Today?
SHARK’s current price is $0.00000000408080. SHARK has risen by approximately 48% over the past day and 128% since Monday. Baby Shark may be able to reverse the trend after a weekend slump. This remarkable recovery is a result of a slump.
SHARK 7-day chart. Source: CoinMarketCap
A look at Baby Shark’s 7-day chart clearly shows this potential trend reversal, and it seems as though SHARK could propel itself higher after a brief pullback. If the price hovers for a while before jumping higher, this could be a great opportunity to buy.