Since last Friday, the price of meme token Shiba Inu (CRYPTO: SHIB) traded nearly 10% higher, as of 11:48 a.m. ET Thursday. There's no obvious reason for the move, but a few things could explain it.

The broader crypto sector is enjoying a nice week of gains. The price of Bitcoin, the world's largest cryptocurrency, hit a new all-time high above $112,000 per token.

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Source Fool.com