Why Shiba Inu Is Surging This Week
Key Takeaways
Since last Friday, the price of meme token Shiba Inu (SHIB 4. 92%) traded nearly 10% higher, as of 11:48 a. ET Thursday. There's no obvious reason for the move,...
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cryptocurrency
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July 10, 2025
12:19 PM
The Motley Fool
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Since last Friday, the price of meme token Shiba Inu (SHIB 4. 92%) traded nearly 10% higher, as of 11:48 a
There's no obvious reason for the move, but a few things could explain it
A crypto bounce The broader crypto sector is enjoying a nice week of gains
The price of Bitcoin, the world's largest cryptocurrency, hit a new all-time high above $112,000 per token
Image source: Getty Images
While Shiba Inu has struggled this year, it's historically moved with the broader crypto market, but usually with more volatility
This year has been more of a mixed bag, with tokens Bitcoin flying, but other tokens Ethereum down 17% this year
Shiba Inu is an ERC-20 token, meaning it was built on Ethereum's network
Cryptocurrencies also may be rising this week in anticipation of the so-called "Crypto Week," which is being hosted by the U
House of Representatives starting on July 14
Next week, the House will take up three large crypto bills, including the Clarity Act, which would create a regulatory foundation for cryptocurrencies; the Genius stablecoin bill; and the Anti CBDC Surveillance State Act, which would bar the Federal Reserve from creating and issuing its own digital currency
Should you buy Shiba Inu
Since launching in 2020, Shiba Inu has experienced immense success and is now the 19th-largest cryptocurrency in the world, with a roughly $7. 3 billion market cap
Shiba Inu has always thrived due to virality and the powerful community it has built on social media
The creation of the Shibarium Layer-2 solution on Ethereum's network to ease congestion and lower gas fees gives the token more legitimacy, but I still don't see a great use case for Shiba Inu or any fundamental advantage
The token remains volatile, and I'd recommend steering for now
Bram Berkowitz has positions in Bitcoin and Ethereum
The Motley Fool has positions in and recommends Bitcoin and Ethereum
The Motley Fool has a disclosure policy.
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