Shiba Inu Surges 25% Amid Web3 Interest and Token Withdrawals

Shiba Inu (SHIB) experienced a sudden price increase of 25% over a weekend, driven by renewed interest in its Web3 projects and a significant withdrawal of tokens from exchanges to self-custodial wallets.

This shift has reduced available supply, potentially leading to a supply crunch if demand remains strong. SHIB's trading volume surged to $265 million, helping it reclaim the 30th spot in global crypto rankings with a market cap of $2.94 billion.

Experts suggest that if SHIB holds above the $0.00000500 resistance, it could trigger a rally similar to the one seen in late 2025.