The Shiba Inu (SHIB) token has gained attention due to renewed buying pressure, with a price increase of 2.7% in the last 24 hours. This surge in value is attributed to positive market conditions, increased frenzy in meme coins, and significant whale activity. The rise in SHIB's popularity is also reflected in rising investment amounts and the potential appeal to institutional investors. The token's market behavior heavily relies on its active audience, social media presence, and constant updates, indicating real utility in the cryptocurrency space.



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