SHIB's Meme Power Fades as Broader Market Outpaces It

Shiba Inu (SHIB) made a small recovery on Thursday, gaining 6.76% in 24 hours to reach $0.00000477.

This rebound was attributed by the project's team to social media activity from its community of followers, although broader market metrics suggest that macroeconomic factors drove the move rather than internal token dynamics.

The total crypto sector market capitalization reached $2.34 trillion during the session, representing a 9.32% gain from the low recorded the previous day.

Ethereum (ETH) and Bitcoin (BTC) outperformed SHIB in the same session with gains of 17.8% and 8.1%, respectively.