The cryptocurrency Shiba Inu (SHIB) has seen a noteworthy 15.76% increase in value recently. This spike brings SHIB’s total market capitalization to $6.53 billion. The meme coin is now standing out as one of the only cryptocurrencies seeing gains in an otherwise declining market.
Speculation is building around a major announcement teased by SHIB’s founder Shytoshi Kusama. His recent posts point to potential SHIB burn mechanisms through increased adoption. This hints at plans to establish the coin as a mainstream standard beyond its original status as a meme cryptocurrency. SHIB remains an outlier with positive momentum versus its peers, solidifying its standing as a top 20 crypto asset.
