Why Shiba Inu (SHIB) Is Gaining Momentum Today
Shiba Inu $SHIB is trading higher today at $0.059309, recording an 8.06% increase over the past 24 hours. The move is largely supported by a strong rise in trading activity, with 24-hour volume reaching $407.04 million, up more than 37%. This increase in volume suggests renewed market participation rather than a thin or purely speculative rally.
SHIB’s market capitalization has climbed to $5.48 billion, reinforcing its position among the leading cryptocurrencies by market value. The volume-to-market-cap ratio of 7.43% points to healthy liquidity and a relatively stable price move compared with smaller-cap tokens. From a supply standpoint, nearly the entire 589.55 trillion SHIB maximum supply is already in circulation, reducing the risk of sudden inflation from new token releases.
Another key strength is SHIB’s large and active community. With approximately 2.89 million holders, Shiba Inu benefits from strong retail participation and sustained visibility across the crypto market.
Overall, SHIB’s price increase today appears driven by higher trading volume, stable supply conditions, and continued community engagement rather than short-term hype alone.
