Shiba Inu Soars Past Sixth Anniversary, Closes in on Top 25 Crypto Ranking

Shiba Inu (SHIB) has reached a major milestone - its sixth anniversary. The token's price has also seen a significant surge, up 6.57% in the past 24 hours and 15.5% over the past week.

With a market cap of $2.9 billion, SHIB is now ranked #26 on CoinMarketCap, just $300 million away from overtaking Hedera (HBAR) for the #25 spot.

The token's journey has come a long way since its launch in August 2020 as a Litecoin-inspired meme token. Since then, it has crossed 3.06 million holders and counting, with its ecosystem and community development continuing to expand.