Shiba Inu follows WOOF account with fewer than 700 followers

Shiba Inu's official X account follows WOOF, an Ethereum meme coin whose main trading pair uses SHIB. WOOF's price on that pair rose 971% in 24 hours, according to DEX Screener. The WOOF account joined X this month and has fewer than 700 followers. WOOF's main pool opened on Uniswap v4 on September 28. Buyers need SHIB to access WOOF's deepest market. On-chain data shows WOOF has a fixed supply of 1 billion tokens. The SHIB pair holds about $180,000 in liquidity. It recorded roughly $1.5 million in trading volume over the past day. Buy orders outnumbered sell orders, 2,653 to 1,875. WOOF's market capitalization is near $1.1 million. Etherscan lists 882 holders. The token's contract includes buy and hold caps and a guard mechanism for the launch phase. The Shiba Inu team has not publicly explained why it follows WOOF; the follow is not an endorsement.