Shiba Inu Price Surges 12% on Infrastructure Upgrades and Shibarium Resolution
Shiba Inu's price surged by 11.99% following infrastructure upgrades and resolution of Shibarium layer-2 reorganization issue.
The upgrade included migrating Shibarium's public RPC endpoints, improving core platforms with more robust Cloudflare hosting and IPv6 support.
A large transfer of over 144 billion SHIB tokens to centralized exchanges has raised concerns about potential selling pressure after recent gains.
SHIB/USD remains in a strong short-term to long-term uptrend, with key support at $0.0000058 and resistance at $0.00000658.