SHIB Token Surges 25% Amid Renewed Interest in Web3 Projects

The Shiba Inu (SHIB) token has seen a significant surge in value over the past day, rising by 25% and reclaiming its spot as one of the top 30 cryptocurrencies by market capitalization. According to CoinGecko, SHIB's trading volume reached $265 million in 24 hours.

The sudden increase in value is attributed to several factors, including speculative activity on Derivatives and the hype surrounding several Web3 projects native to the SHIB Army, such as Shibarium and Shiba Eternity. The restoration of these projects has sparked renewed interest in the token, leading to a surge in demand.

Another reason for the uptick is the trend of holders withdrawing tokens from exchanges and storing them in self-custodial wallets. This has led to a decrease in available supply, with SHIB's circulating supply now at 86.2 trillion, down from its all-time low of below 86 trillion.

As SHIB approaches the $0.00000500 resistance level, analysts are warning of an unprecedented supply crunch if demand continues to rise. This could lead to further price increases, potentially mirroring the rally seen in Autumn 2025 when SHIB last broke through this barrier.