SHIB Gains as Meme Coins Rally, But Shiba Inu Continues to Underperform

• SHIB gained 7% as broader crypto markets rebounded, but major assets delivered stronger returns.
• Shibarium activity improved sharply, though transaction volume and ecosystem liquidity remain relatively modest.
• SHIB burns increased during July, but broader market liquidity still drives short-term price action.

Shiba Inu gained around 7% as crypto markets staged a powerful rebound Thursday. However, SHIB failed to match gains from several major cryptocurrencies. Ethereum jumped nearly 18%, while Solana and XRP posted double-digit advances. Bitcoin also rallied sharply as traders returned to riskier assets. SHIB traded near $0.0000047 during the recovery. The move reflected broader market strength rather than a fresh Shiba Inu catalyst. That difference could matter for traders watching SHIB closely.

SHIB Rises as Crypto Traders Return to Risk

SHIB's latest recovery followed a broad improvement across the cryptocurrency market. Total crypto market capitalization increased more than 8% during the rebound. A major liquidation wave also forced bearish traders to close leveraged positions. Bitcoin gained strongly as market sentiment improved across digital assets. Lower long-term Treasury yields also supported the broader risk-on environment.

… Continue reading the full article at the original source below.