Shiba Inu Surges 40% in Surprise Price Jump

Shiba Inu experienced a significant price surge on Sunday, increasing nearly 40% to $0.00000582.

This sudden rise added approximately one billion dollars to its market capitalization in just one day, making it the 25th largest cryptocurrency with a market value of $3.12 billion.

The increase was unexpected, as most digital assets traded down or showed minimal gains on Sunday.

Kuro, a prominent SHIB community member from Japan, attributed this momentum to Shiba Inu's attention-grabbing trend on CoinMarketCap.

SHIB layer-2 blockchain saw an increase in transactions with 152% more daily transaction count compared to the previous day.