Shiba Inu Stages Surprise Comeback with 11% July Rally

Shiba Inu has seen an unexpected 11% surge in July, ending its two-month losing streak. The price of $SHIB rose to a high of $0.0000058 on July 28 before retracing and settling into a narrow trading range between $0.00000454 and $0.00000484 since July 18.

The dog coin has also seen significant activity in the burn department, with 3.25 billion $SHIB burned in the last 30 days. The daily burn rate soared to 3,607% in the last 24 hours, according to the Shibburn website.

This surge in interest and burn activity has pushed Shiba Inu into a positive territory for the month of July, raising hopes of a rebound after months of selling pressure. With its social dominance reaching 0.084%, its highest since April 2, crowd attention is surging, while whale activity hit highs last seen since March's close.