Shiba Inu (SHIB), the second-largest meme cryptocurrency by market valuation, has experienced a meteoric rise, surging by just over 10% in the past week. The cryptocurrency’s volume has also seen a significant uptick, increasing by approximately 62% to $283 million in the past 24 hours.
While Shiba Inu initially gained popularity as a speculative asset, it has evolved into a fully-fledged ecosystem with a growing range of utilities, drawing in investors from all corners of the crypto market.
