Shiba Inu ($SHIB ), once a dominant meme coin, is seeing a resurgence as Ethereum's rally draws new attention to the broader altcoin market.

$SHIB is attempting to reposition itself from a hype-based token to a utility-driven ecosystem, with its decentralized exchange, ShibaSwap, gaining traction. While the token's price remains at $0.00001228, whale activity and growing retail interest suggest that SHIB could see renewed upward movement, particularly if the broader meme coin sentiment improves in the fourth quarter.