The SHIB (CRYPTO:SHIB) token, associated with Shiba Inu, experienced a significant surge in its price, climbing by 167%, thereby eclipsing the performance of leading cryptocurrencies Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH).

This remarkable price increase coincides with Shibarium recording an unprecedented number of transactions, highlighting the growing interest and investment in the SHIB token.

This event marks a significant milestone for Shiba Inu in the competitive cryptocurrency space.