Shiba Inu (SHIB) rose 6.76% on Thursday, yet this gain fell short of the broader market rally that saw Ethereum jump 17.8% and Bitcoin reclaim the $70,000 level. Total crypto market capitalization reached approximately $2.34 trillion, up 9.32% in one day. SHIB now trades at $0.00000477, representing a 61.2% decline over the past year and a 94% drop from its October 2021 record. Around $104 million changed hands in 24 hours, a modest figure for the 33rd-largest crypto asset. The Shiba Inu team attributed the bounce to its communication strategy, but the token’s strong correlation with the overall market suggests the move reflects broad risk appetite rather than community sentiment.
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