Shiba Inu and its ecosystem tokens are gaining significant traction as Bitcoin’s surge propels the global cryptocurrency market to a new record. With the total market cap hitting an unprecedented $3.81 trillion, SHIB holders now have another reason to stay bullish: fresh AI-driven developments teased for this month.
Bitcoin Hits $123K as Altcoins Surge in $3.81 Trillion Market
On July 14, the cryptocurrency market reached an all-time high of $3.81 trillion after Bitcoin surpassed $123,218. This momentum has fueled a broad rally in altcoins, with Shiba Inu’s ecosystem standing out as one of the biggest beneficiaries.
Lead developer Shytoshi Kusama recently dubbed this month “Jul-AI,” hinting at a wave of artificial intelligence integrations and updates that could propel the SHIB ecosystem into a new phase of growth.
SHIB, the flagship token of the Shiba Inu ecosystem, climbed 4.34% in the past 24 hours and now trades at $0.00001380. This rally pushed its market cap back above $8 billion, securing its spot as the world’s 19th-largest cryptocurrency. On a weekly timeframe, SHIB has surged nearly 17%, building momentum as investors await AI-related news.
BONE Rises on Shibarium’s Record Activity
Bone ShibaSwap (BONE), the governance and gas token for Shiba Inu’s layer-2 network Shibarium, rose 3.7% to $0.2136, a 9.3% gain over the past week. BONE’s market cap now stands at $48.74 million, ranking it 560th globally.
This steady growth follows the release of impressive new data from the Shibarium blockchain explorer. Since its mainnet launch in August 2023, Shibarium has processed over 1.37 billion transactions, validated 12 million blocks, and supported more than 267 million wallet addresses. In the last 24 hours, Shibarium has handled 4.59 million transactions with an average block time of only 5 seconds, demonstrating its high-throughput performance.
LEASH and Treat Tokens Post Notable Gains
Other tokens in the Shiba Inu ecosystem are also riding this wave. LEASH, often branded the “Dogecoin Killer,” climbed 0.8% to $119.66 today and has gained 9.1% over the week. Its market cap currently sits at $12.71 million.
Treat, the newest addition to the ecosystem, posted the strongest gains. The token surged 23.2% in 24 hours and is up 80% for the week, trading at $0.002586. Despite its modest $2.32 million market cap, Treat is drawing attention as excitement builds for the upcoming AI rollouts.
“Jul-AI” Sparks Massive Anticipation
All of this price action comes as the Shiba Inu community gears up for the “Jul-AI” initiative. Shytoshi Kusama confirmed that July will be packed with AI-driven announcements, upgrades, and strategic directions designed to transform SHIB’s future. He stressed that July will not be “just another month” but rather a turning point that could redefine how Shiba Inu harnesses intelligent tech.
SHIB: The Metaverse Receives a Key Upgrade
Adding more fuel to the fire, the team recently announced a significant upgrade to SHIB: The Metaverse. This improvement reduces loading times, removes lag and stuttering, and creates a smoother experience without sacrificing visual quality. For holders and builders alike, the upgrade signals that the Shiba Inu ecosystem remains committed to continuous innovation.
Related article: Shiba Inu Sees Largest Burn Yet: Will SHIB Price Catch Up?
What Comes Next for SHIB?
With Bitcoin at record highs, growing liquidity, and major AI partnerships on the horizon, the Shiba Inu ecosystem looks well-positioned for a strong breakout this month. As “Jul-AI” unfolds, community engagement and investor interest are expected to rise.
All eyes are now on Shytoshi Kusama’s next reveal, and whether Shiba Inu can turn this momentum into a sustained push higher.
