What happened?
Shiba Inu (SHIB) has seen a significant price increase of nearly 30% in the past month, as meme coins are making a strong comeback in the second quarter of 2025. Influencers like Josef Rakich have highlighted SHIB’s rapid market cap growth from $4 billion to $41 billion in just a few days. The revival of meme coins suggests a potential bullish cycle similar to 2021, offering promising prospects for their future growth.
Who does this affect?
This development primarily affects investors and traders involved in the cryptocurrency market, especially those who invest in meme coins like Shiba Inu and Dogecoin. It also impacts the communities built around these tokens, whose members closely follow their price movements and market trends. Additionally, it influences companies and platforms that facilitate trading and provide technical analysis on such digital assets.
Why does this matter?
The resurgence of meme coins like Shiba Inu can significantly impact the cryptocurrency market by attracting new investors and driving up demand. As interest grows, it can lead to increased trading volumes, affecting overall market liquidity and volatility. This trend could potentially signal the beginning of a new bullish cycle, benefiting established tokens like SHIB while influencing investor behavior and investment strategies in the broader crypto space.