Shiba Inu Surges 40%, Ends Two-Month Losing Streak

Shiba Inu's price has surged nearly 40% in a weekend rally, bringing hopes of an end to its two-month losing streak. The cryptocurrency is up 11% so far this month and could mark its first positive monthly close since April.

The surge has sparked fresh interest among traders and the broader Shiba Inu community, with social dominance reaching 0.084%, its highest since April 2, and whale activity hitting highs last seen in March.

Shiba Inu's price has retreated slightly after peaking at $0.0000058 on July 28, but it remains up 12.16% weekly and 11% in July.