The price of Shiba Inu (SHIB) has recently surged for several main reasons. The first is the increased activity of “whales” (large investors), who have been buying huge amounts of the coin, which has increased market interest and investor confidence in its future. There is also speculation about the possibility of launching an ETF for Shiba Inu, which has sparked additional enthusiasm among investors.

In addition, the SHIB trading community has seen increased participation with a large number of transactions and coin burns to reduce supply, which supports price stability. Technical analysis has also indicated an upward movement, as the coin has surpassed important resistance levels, which reinforces expectations for further gains in the future.

Future projects such as the Shibarium platform and the Shiba Eternity web 3 version have also boosted confidence, stimulating the market and supporting the price.