SHIB Price Analysis: SHIB price surged 2.5% in the last 24 hours, potentially as a result of the positive news regarding the SEC dropping investigations into Ethereum. Being ERC20 tokens, Shiba Inu and other meme coins are usually the first to respond to any news affecting their parent blockchain. The price of SHIB traded around $0.00001877 during European business hours on Wednesday, per CoinGecko.
