Shiba Inu (SHIB), a popular meme-based cryptocurrency, continues to experience volatile market movements, with red numbers dominating most recent trading sessions. Despite these fluctuations, new exchange data indicates that sellers may still control the market in the near term.
Exchange Netflow on the RiseCryptoQuant, a blockchain analytics company, has reported that Shiba Inu’s exchange netflow posted a positive balance in the past 24 hours. The netflow surged to over 77 billion SHIB, reflecting an increase of nearly 4% during the period.
This spike indicates that a substantial volume of SHIB tokens has been transferred to exchanges, making them available for sale. As of October 23, the net balance reached 77,298,600,000 SHIB, suggesting that more tokens are flowing into trading platforms than being withdrawn for holding or long-term investment.
Such positive netflow trends are generally interpreted as signs of mounting selling pressure, since rising balances on exchanges can signal that holders are preparing to liquidate their assets.
CryptoQuant reported that the increase in SHIB exchange netflow means the number of tokens sent to exchanges for potential sale far exceeds those being removed, pointing to a possible continuation of bearish sentiment.
The exchange netflow metric is watched closely by traders, as it often correlates with shifts in market sentiment and can foreshadow short-term price movements.
Mini dictionary: Exchange netflow – This metric measures the difference between the amount of a cryptocurrency sent to exchanges (inflow) and the amount withdrawn from exchanges (outflow) over a set period. A positive netflow indicates more tokens moving into exchanges, often interpreted as increased selling pressure, while a negative netflow usually points to accumulation or holding trends.
MetricLast 24 hoursImplicationSHIB exchange netflow+77,298,600,000 SHIBIndicates potential selling pressurePrice movementLocal high near $0.0000051Short-term price recoveryMarket Response and Price ActionDespite increased selling pressure, Shiba Inu’s price reversed its short-term trend and moved into positive territory, reclaiming a local peak around $0.0000051. This shift brought some relief to investors, as a burst of buying temporarily offset earlier losses.
Market watchers noted that this brief upward movement could signal the potential for bullish traders to regain control if new demand materializes.
While Shiba Inu’s netflow data points to persistent selling, the recent price bounce has offered hope to participants who believe momentum could soon shift in favor of buyers.
The dynamic between exchange activity and price movement underscores the ongoing uncertainty in the meme coin segment, where rapid sentiment shifts frequently drive sudden volatility.
The most reliable way to track Shiba Inu (SHIB) burns is to combine three sources: Shibburn for daily totals, a blockchain explorer such as Etherscan to verify each burn transaction, and ShibWatch or the official shib.io site for the state of ShibTorch, Shibarium’s own burn mechanism. No single tracker is official, and they do not count burns the same way.
About 410.85 trillion SHIB, or 41.08% of the original 1 quadrillion supply, has been burned according to Shibburn, but almost all of it comes from a single transaction by Ethereum co-founder Vitalik Buterin in May 2021. Burns today are tiny: about 673 million SHIB in the past 30 days, worth roughly $3,810. ShibTorch, the official burn portal, is under maintenance and has not burned SHIB since August 2025, according to ShibWatch.
Key Takeaways
Total burned: about 410.85 trillion SHIB according to Shibburn, of which about 410.44 trillion sits in a single dead address that holds Vitalik Buterin’s 2021 burn.
Recent burns: about 2.47 million SHIB in the past 24 hours (about $12), 67.2 million in seven days and 673.4 million in 30 days, according to Shibburn on October 23, 2026.
ShibTorch is paused: the Shibarium burn portal is under maintenance because the SHIB route on the Shibarium bridge has stayed closed since a September 2025 exploit.
Trackers disagree: Shibburn counts about 340 billion more burned SHIB than the three main burn addresses hold on-chain, and supply figures differ by several trillion SHIB between Shibburn and CoinMarketCap.
Headline burn rates mislead: recent spikes of 492% and 2,349% involved burns worth about $13 and $5.
SHIB Burn Data Today
MetricValueTotal SHIB burned (Shibburn)410,845,024,873,680 SHIB (41.08% of 1 quadrillion)Burned in the past 24 hours2,472,769 SHIB (about $12)Burned in the past 7 days67,240,450 SHIB (about $341)Burned in the past 30 days673,379,117 SHIB (about $3,810)Largest burn address balance410,437,114,516,937 SHIB (0xdEAD…2069)SHIB priceAbout $0.0000050ShibTorch statusUnder maintenance; last burn in August 2025 (ShibWatch)
Sources: Shibburn and Etherscan, October 23, 2026; price from CoinMarketCap; ShibTorch status from ShibWatch and U.Today, October 22, 2026. Shibburn’s 24-hour figure is a rolling window, so it changes through the day.
For live price levels, see our Shiba Inu price page.
Where to Check SHIB Burns: Trackers Compared
SourceWho runs itWhat it showsBest forCaveatsShibburn (shibburn.com)Independent; now managed by BurnalyticsTotal burned, 24-hour, 7-day and 30-day burns, recent burn transactions and top burnersQuick daily totalsNot affiliated with the Shiba Inu team; counts several burn addresses; does not publish the cut-off time of its 24-hour windowEtherscanIndependent block explorerSHIB balance of each burn address and every individual transactionVerifying a specific burnShows raw transfers and balances, not daily totals; you need the correct SHIB contract and burn addressShibWatchCommunity tracker; operator not namedShibTorch burn totals, the BONE waiting to be burned and the status of each Shibarium bridge laneChecking whether ShibTorch is workingUnofficial; reads contracts directly but is not auditedshib.io (ShibTorch page)Shiba Inu teamShibTorch burn activity and contractsThe official view of Shibarium burnsIts burn page was failing to load data on October 22, 2026 because the indexer behind it no longer runsThe Shib DailyShiba Inu teamAnnouncements about ShibTorch, Shibarium and burn mechanismsOfficial changes and explanationsThe team’s own outlet, so confirm claims on-chainShibariumscanShibarium block explorerTransactions on ShibariumChecking Shibarium-side activityHad indexed only about 54% of Shibarium blocks as of October 1, 2026
The practical setup is simple: bookmark Shibburn for the daily number, check any large or unusual burn on Etherscan, and look at ShibWatch or shib.io when headlines talk about Shibarium or ShibTorch burns.
SHIB Burn Addresses
The SHIB token contract on Ethereum is 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE. Burned SHIB sits in addresses that no one controls, so the tokens can never move again.
AddressWhat it isSHIB held on October 23, 20260xdEAD000000000000000042069420694206942069Dead address used for Vitalik Buterin’s May 2021 burn410,437,114,516,936.90x000000000000000000000000000000000000dEaDCommon dead address; Shibburn says the team used it for ShibaSwap listings49,460,833,155.30x0000000000000000000000000000000000000000Null address; sending SHIB here destroys it and lowers the on-chain total supplyAbout 17.67 billion destroyed
Balances from Etherscan. The null address holds no balance because burns to it reduce SHIB’s on-chain total supply, which now stands at 999,982,327,167,466 SHIB instead of 1 quadrillion.
Why SHIB Burn Trackers Show Different Numbers
The three addresses above add up to about 410.50 trillion SHIB. Shibburn reports about 410.85 trillion, roughly 340 billion more, and does not publish the full list of addresses it counts. Media outlets have attributed the gap to Shibburn summing several burn addresses, but the exact method is not public.
Supply figures differ for a similar reason. CoinMarketCap and CoinGecko put SHIB’s total supply at about 589.50 trillion, which equals the on-chain supply minus the two dead addresses above, and its circulating supply at about 589.24 trillion. Shibburn shows a total of about 589.15 trillion and a circulating supply of about 585.49 trillion, because it treats more tokens as burned and excludes more wallets from circulation. Neither side lists every wallet it excludes, so a difference of a few trillion SHIB between sites is normal and does not mean anyone is wrong about the burns themselves.
This comparison is our own analysis of Shibburn, CoinMarketCap, CoinGecko and Etherscan data from October 23, 2026.
Why SHIB Burn Rate Headlines Mislead
Burn rate headlines compare one day’s burns with the day before, so tiny amounts can produce huge percentages. On October 19, the burn rate jumped 2,349% on about 1.10 million SHIB, worth about $5. On October 21, it rose 492% on about 2.7 million SHIB, worth about $13. In early October, a 182,140% spike was followed the next day by a reading of zero burned SHIB.
The more useful measure is burns as a share of supply. About 673 million SHIB burned in 30 days is roughly 0.0001% of the circulating supply. At that pace, burning just 1% of the supply would take about 714 years, according to Cryptoticker. By comparison, about 87 trillion SHIB sat on exchanges on October 21, roughly 129,000 times the monthly burn. Our analysis of SHIB’s burn rate explains the math in more detail.
What Happened to ShibTorch?
ShibTorch went live on August 16, 2024 as Shibarium’s community burn portal. Shibarium charges transaction fees in BONE, and under the network’s design about 70% of base fees is set aside to buy and burn SHIB, with 30% going to the treasury. A hard fork on August 9, 2024 automated that burn, and ShibTorch V2, released in January 2025, moved the portal into shib.io and simplified the bridge route the burns use.
The process has stalled. According to community member Mazrael, cited by U.Today on October 22, 2026, ShibTorch now swaps BONE for SHIB on Shibarium and then bridges the SHIB to a dead address on Ethereum. That SHIB lane on the Shibarium bridge has been closed since the September 12, 2025 exploit, in which an attacker used a flash loan of 4.6 million BONE and control of 10 of 12 validator signing keys to drain about $2.4 million. The BONE lane reopened on October 14, 2025 with a seven-day withdrawal delay, but the SHIB lane has not moved since October 2025, according to ShibWatch.
ShibTorch is now listed as under maintenance, with about 371 BONE waiting to be burned, below the threshold of 1,000 BONE that community members say triggers a burn. ShibWatch counts about 69.32 billion SHIB burned through Shibarium-related mechanisms in total, worth about $1.27 million at the time of the burns, and says ShibTorch has not burned since August 2025. Our report on what Shiba Inu is building covers the wider Shibarium roadmap.
A Short History of SHIB Burns
DateEventMay 16 to 17, 2021Vitalik Buterin burns about 410.24 trillion SHIB, about 41% of the supply and 90% of his remaining SHIB, worth up to $6.7 billion at the timeApril 2022A burn portal launches on ShibaSwap, rewarding burners with tokens that earn a share of RYOSHI fees; more than 8 billion SHIB is burned in its first 24 hoursDecember 5, 2023First Shibarium-linked burn: 8.2 billion SHIB, worth about $76,000, from fees collected on the networkAugust 9, 2024Shibarium hard fork automates the burn of 70% of base feesAugust 16, 2024ShibTorch goes live as Shibarium’s community burn portalJanuary 30, 2025ShibTorch V2 moves into shib.io with a simpler bridge routeSeptember 12, 2025Shibarium bridge exploit drains about $2.4 million; the SHIB bridge lane stays closedJuly 2026About 2.96 billion SHIB burned in the week to July 30, the biggest weekly total of the yearOctober 2026ShibTorch under maintenance; 30-day burns near 673 million SHIB
How to Verify a SHIB Burn Yourself
Find the transaction hash. A reliable burn report links to the transaction or names the wallet that sent it.
Open it on Etherscan. Check that the token is SHIB, at contract address 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE, and not a copycat token.
Check the destination. The tokens should go to one of the burn addresses above or be destroyed through a verifiable contract.
Match the amount and time. Compare the on-chain amount with the reported figure, and check whether a burn rate refers to 24 hours, seven days or another period.
Separate burns from pledges. Tokens that are pledged, locked or waiting in a contract, like the BONE sitting in ShibTorch, are not burned until the transaction happens.
Do SHIB Burns Affect the Price?
Not meaningfully at today’s pace. With about 589 trillion SHIB in circulation and burns of under a billion a month, supply is effectively fixed, so SHIB’s price depends on demand, Bitcoin’s direction and meme coin sentiment far more than on burns. Our analysis of whether Shiba Inu can reach 1 cent shows how many tokens would need to be burned for that to change, and our Shiba Inu price prediction covers the forecasts from 2026 to 2040. If you plan to buy SHIB, our guide on where to buy Shiba Inu compares exchanges and wallets.
Data sources: Shibburn and Burnalytics (burn totals), Etherscan (SHIB contract and burn address balances), ShibWatch (ShibTorch and bridge status), U.Today and CoinTurk (ShibTorch maintenance), The Shib Daily (ShibTorch launch, V2 and bridge reopening), The Block (bridge exploit), Decrypt and CoinDesk (Vitalik Buterin’s 2021 burn), Cryptoticker (burn rate math and exchange balances), CryptoPotato and U.Today (burn rate spikes) and CoinMarketCap and CoinGecko (supply and price), as of October 23, 2026.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.
Frequently Asked Questions
How much SHIB has been burned?
About 410.85 trillion SHIB, or 41.08% of the original 1 quadrillion supply, according to Shibburn on October 23, 2026. Almost all of it comes from Vitalik Buterin’s burn of about 410.24 trillion SHIB in May 2021. The main dead address holding that burn has about 410.44 trillion SHIB, and burns since 2021 add up to only a small fraction of the total.
How much SHIB was burned today?
Shibburn showed about 2.47 million SHIB burned in the 24 hours to October 23, 2026, worth about $12, along with about 67.2 million SHIB in seven days and 673.4 million in 30 days. The 24-hour figure is a rolling window that changes through the day, so always check the time of any reading before comparing it with another source.
What is the most reliable SHIB burn tracker?
Shibburn is the most widely cited tracker for daily totals, but it is independent and does not publish its full method. For accuracy, check any important burn on Etherscan, which shows each transaction and the balance of every burn address. For Shibarium and ShibTorch burns, ShibWatch and the official shib.io site show whether the mechanism is actually working.
What is the Shiba Inu burn address?
The main SHIB burn address is 0xdEAD000000000000000042069420694206942069, which holds about 410.44 trillion SHIB, including Vitalik Buterin’s 2021 burn. The common dead address 0x000000000000000000000000000000000000dEaD holds about 49.46 billion SHIB. Sending SHIB to the null address destroys it, which has removed about 17.67 billion SHIB from the on-chain total supply. Always confirm the SHIB contract address before sending or checking any burn.
Why is ShibTorch not burning SHIB?
ShibTorch is under maintenance because the SHIB route on the Shibarium bridge has been closed since a September 2025 exploit that drained about $2.4 million. The portal swaps BONE fees for SHIB and bridges it to a dead address on Ethereum, so without the bridge it cannot complete burns. About 371 BONE was waiting in ShibTorch on October 22, 2026.
Why do SHIB burn trackers show different numbers?
Trackers count different addresses and exclude different wallets from supply. Shibburn reports about 340 billion more burned SHIB than the three main burn addresses hold, and it puts circulating supply near 585.49 trillion, against about 589.24 trillion on CoinMarketCap. Neither publishes a full list of the wallets it counts, so small differences between sites are normal.
Can token burns push SHIB to 1 cent?
Not at the current pace. About 673 million SHIB was burned in the past 30 days, roughly 0.0001% of the circulating supply, so burning even 1% would take about 714 years. One cent would require removing almost all of the remaining 589 trillion SHIB, or a market value of about $5.9 trillion, more than twice the entire crypto market.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A conversation on Shiba Inu burning kicked off on social media X after SHIB community member Ed Salomons shared a screenshot of Shibarium-based burner Shibtorch's page on the official Shiba Inu website, shib.io, which returned the "failed to load burn" information, with an empty tab for SHIB in the total amount accumulated section.
"Loading, constantly updating..." Salomons wrote, reiterating Shib Torch's founding concept that "every transaction will burn SHIB."
So this does not load because https://t.co/IPYEj4F9ei is paused. But you need the bridge to work for ShibTorch. But it is still collecting bone gas fee. Currently at 371.37. can be triggered at 1000 by anyone. But will fail until bridge Shib route is opened again. First swaps bone to shib on shibarium then bridges to the dead wallet on eth. Added ShibTorch Tab on ShibWatch that shows the current accumulation and gives the info. The reopening of bridge other lanes than bone is tracked already.
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— Mazrael.shib (@Mazrael_shib) October 22, 2026 Long-time SHIB community member Mazrael weighed in, explaining the reason for this. ShibTorch collects BONE from Shibarium fees, swaps its share to SHIB and burns it on Ethereum. The Shib.io ShibTorch page gets every number from an indexer that no longer exists, so it shows "failed to load burn information."
Aside from this constraint, the bridge that marks the SHIB route has been paused. "But you need the bridge to work for ShibTorch, and it is still collecting BONE gas fees," Mazrael added.
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Citing Shibwatch, Mazrael explained further why nothing is burning on Shibtorch. First, the Shibarium-based burn portal needs 1,000 BONE to trigger a burn. Currently, only 371.37 of the 1,000 BONE needed has been collected, so the contract refuses to start a burn.
Second, the Ethereum half (route) cannot finish. This is because the 'exitandburn' claims SHIB through the bridge's ERC20 lane and the 'rootchainmanager' has not been allowed to release ERC20s from escrow since the 2025 exploit.
Mazrael noted that a potential burn might continue to fail until the bridge for the SHIB route is opened again. He explained the workings of ShibTorch, saying, "First swaps BONE to SHIB on Shibarium then bridges to the dead wallet on ETH.
69.32 billion SHIB burnedWhile the indexer that feeds the Shib.io website information on how much SHIB has been burned through the ShibTorch portal remains unavailable, Mazrael extracts data from the ShibWatch tracker which provides this same data from the contracts instead.
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Under ecosystem burns, 69.32 billion SHIB has been burned by Shibarium's SHIB Torch, according to ShibWatch. This is worth a total of $1.27 million at the price when each burn happened.
Mazrael believes that ShibTorch might be the biggest burn source for SHIB after Ethereum co-founder Vitalik Buterin.
In May 2021, Buterin sent 410.24 trillion SHIB tokens to dead wallets in one of the largest crypto burns ever. ShibTorch is currently under maintenance, according to Mazrael, as the bridge and other portions of the infrastructure are being worked on.
SHIB v roce 2026 získal 150 017 nových držitelů, čímž jejich počet k 19. říjnu vzrostl na 1 698 647. Burzovní zůstatky však za 24 hodin vzrostly o 3,11 % na 449,6 mil. USD, což signalizuje prodejní tlak.
Shiba Inu’s [SHIB] holder base grew significantly in 2026. Reportedly, SHIB saw an additional 150,017 on-chain holders, bringing its total to 1,698,647 by the 19th of October.
In fact, the figure reflected a significant growth from the 1,548,630 holders recorded at the beginning of the year 2026. Additionally, SHIB also attracted attention following developments surrounding T. Rowe Price’s proposed multi-asset cryptocurrency ETF.
In particular, the proposed fund identified SHIB among the crypto assets eligible for potential exposure, offering another possible avenue for institutional participation.
Here, it is worth noting that the filing, however, did not confirm actual SHIB holdings or establish a dedicated spot ETF. Both developments nevertheless highlighted SHIB’s growing reach across both the retail and potential institutional markets.
Source: X
Alongside the improving token adoption, SHIB continued decreasing its circulating supply through its token-burning mechanism. According to Shibburn on X, the network reportedly burned 111,395 SHIB across two transactions during the 24-hour period.
The seven-day total meanwhile had reached 81,765,038 SHIB, highlighting a continued burning activity over a longer period.
Notably, the cumulative burns totaled approximately 410.85 trillion SHIB, representing a significant portion of the token’s original supply.
Rising reserves expose persistent selling pressure
Shiba Inu‘s Exchange Reserves surged as spot trading activity continued favoring sellers, despite the expanding adoption.
CryptoQuant reported the memecoin’s Exchange Reserve USD climbing 3.11% in 24 hours to $449.6 million as of writing, reflecting greater exchange-held token value.
This increase implied potentially greater selling availability, even though USD-denominated reserves also reflected valuation changes. The Spot Taker CVD additionally remained seller-dominant, which suggested a stronger aggressive selling than buying activity.
These indicators combined highlighted persistent selling pressure despite the improving adoption figures of the memecoin. Such conditions therefore placed greater significance on the token’s ability to defend its immediate technical support.
Source: SHIBA INU Exchange Reserve USD on CryptoQuant
Can SHIB defend its critical weekly support?
At the time of reporting, SHIB traded around $0.00000511 after struggling to sustain its weekly recovery towards the $0.0000060 resistance region. Subsequently, the price rejection pushed the memecoin toward the $0.0000050 support, where buyers had previously defended this support region.
Meanwhile, the CMF indicator showed an improvement toward neutrality, reaching -0.01 as pressure around capital outflow eased. On the contrary, the Stochastic RSI highlighted weakening bullish strength. A bearish crossover emerged after the indicator’s recent overbought conditions, raising concerns about another potential price decline.
Moreover, SHIB would need to maintain the $0.0000050 support, before another recovery toward $0.0000060 becomes possible. Alternatively, losing this key support would expose the $0.00000413 level, particularly in case the spot sellers keep maintaining control.
Source: SHIB/USDT Chart on TradingView
Final Summary
SHIB added 150,017 holders as proposed ETF exposure opened potential institutional opportunities.
Rising exchange reserves and persistent spot selling could threaten SHIB’s $0.0000050 support.
Almost 2.7 million tokens have been scorched in the last 24 hours.
The popular meme coin has had a tough year so far, with its price collapsing by nearly 30% since January 1. At the same time, investor interest in the token has cooled significantly, which could weigh on any potential rebound.
The resurgence of Shiba Inu’s burning mechanism is one of the few rays of hope, but it may not be as bullish as it appears at first glance.
The Burns and More According to the X account Shibburn, the team and community have scorched almost 2.7 million SHIB in the past 24 hours, a 492% increase from the previous day. The burning program is a vital part of Shiba Inu’s ecosystem, designed to gradually reduce the token’s vast supply and potentially increase its value through scarcity.
Nearly 2.7 million coins may sound impressive, yet the USD valuation of the stash is negligible at around $13. That said, far more aggressive burns will likely be needed to meaningfully affect SHIB’s supply dynamics.
The team introduced the mechanism in 2022, and over 410.8 trillion tokens have already been sent to a null address, with Vitalik Buterin contributing a significant portion of that figure.
Another factor that could help SHIB recover some of its losses is a potential uptick in Shibarium’s activity. Daily transactions processed on the layer-2 scaling solution have exploded by roughly 370% in the past 24 hours, reaching 7,300. Still, this is nowhere near the levels seen months ago and is unlikely to be a major bullish catalyst.
Shibarium Daily Transactions, Source: shibariumscan.io Price Prediction There has been little commentary on SHIB lately, with Crypto With Gopal emerging as one of the few analysts to offer a forecast. The X user suggested the meme coin has printed a falling Wedge formation as the price consolidates near $0.00000502, while buyers look to defend support.
The analyst said a breakout above the descending resistance could spark a bullish momentum shift, setting $0.0000060 as an upside target and identifying $0.0000047-$0.0000048 as a support zone.
“SHIB bulls are watching for a breakout – meme coin momentum could return,” he concluded.
Meanwhile, the amount of Shiba Inu stored on crypto exchanges remains relatively low at just north of 87 trillion coins, which supports the bullish perspective since it reduces immediate selling pressure.
Shiba Inu, a popular Ethereum-based meme coin with a large online community, is currently trading around $0.00000503. Recent on-chain data suggests that only a limited number of holders are moving SHIB tokens off centralized exchanges. The latest data recorded just 538 withdrawal transactions over a recent period, a notably low figure for such a widely held token.
Exchange activity and net flowsWhile the total count of withdrawals exceeds deposits, the overall amounts involved point in a different direction. Exchanges observed inflows of 247.06 billion SHIB, while outflows reached only 183.58 billion SHIB.
MetricValueTotal exchange inflow247.06 billion SHIBTotal exchange outflow183.58 billion SHIBNet inflow63.49 billion SHIBExchange reserve87.11 trillion SHIBAs a result, exchanges saw a net inflow of 63.49 billion SHIB. When more tokens move to exchanges than leave, this typically signals bearish sentiment, as those tokens are easily available for sale. During the last 24 hours, netflow decreased by 5.42%, indicating some relief in selling pressure. However, this trend has not fully reversed in favor of buyers.
Exchange reserves currently hold 87.11 trillion SHIB, up 0.07% in the latest daily reading. An increase in these reserves generally indicates that holders are not moving their assets to private wallets.
Price levels, technical signals, and market moodTraders often shift their tokens off exchanges when expecting price appreciation in the medium or long term. The recent data shows this behavior is not common at present, suggesting caution among SHIB holders.
Shiba Inu’s price chart mirrors these on-chain trends. After declining from the $0.00000600 region in early October, SHIB found support just above $0.00000480. Although a small recovery followed, the move has been subdued, with low trading volume and a relative strength index (RSI) near 40. This technical reading suggests selling pressure still dominates the market.
For the price to demonstrate stronger momentum, SHIB must clear several resistance points. The orange moving average offers initial resistance at $0.00000526, followed by the blue line near $0.00000534 and then the black line at $0.00000560, which represents a key barrier. If buyers cannot maintain the $0.00000480 support level, the price could decline further toward $0.00000460.
A solid recovery for Shiba Inu would require an uptick in both withdrawal volumes and trading activity during price rallies. For now, the low number of withdrawal transactions points to continued uncertainty and cautious sentiment among token holders.
Although SHIB withdrawals outnumber deposits by transaction count, exchange inflow continues to surpass outflow in total volume, resulting in a net inflow that reflects bearish sentiment as more tokens remain on exchanges.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shibarium's daily transactions dropped to 659 in the last 24 hours, the lowest since September 20, 2026, according to Shibariumscan data. The Shiba Inu layer 2 saw 2,280 transactions on October 15, 2026, which dropped to 659 on October 17, 2026.
The dip shows there is less activity on the network as a whole. The number of transactions fell sharply from 5,710 on October 6 after a steady rise in September. While the number of transactions is a metric for measuring network usage, it does not capture all aspects of ecosystem participation.
Shibarium continues to receive quiet upgrades behind the scenes. According to long-time SHIB community member Mazrael, CreateX is now live on Shibarium. CreateX is the standard factory devs use to deploy contracts at the same address on every chain, making multi-chain deploys on Shibarium much easier.
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In a separate development, all 12 Safe v1.4.1 contracts are deployed at their canonical addresses via the Safe Singleton Factory.
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In separate news, x402 is fully live on Shibarium with two payment modes: exact, allowing users to pay a fixed price, and up to, allowing users to pay up to a cap, for metered APIs and AI agents. AI agents can pay in SHIB, TREAT, or wrapped BONE.
A notice on the Shibariumscan page reveals ongoing indexing: "59% Blocks Indexed – We're indexing this chain right now. Some of the counts may be inaccurate."
Shiba Inu adds 2,495 holdersShiba Inu continues to expand its holder base in October, adding 2,495 holders according to the Etherscan SHIB X account despite relatively quiet growth across the broader cryptocurrency market.
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The increase suggests that SHIB continues to attract new wallet holders, but whether that growth translates into stronger market demand remains to be seen as the month progresses.
At the time of writing, SHIB was down 2.98% in the last 24 hours to $0.00000488 and down 10.13% over the past week.
Coinbase za posledních 30 dní odeslala 152 307 330 SHIB na nedostupné adresy v devíti transakcích, čímž se stala druhým největším subjektem spalujícím tokeny Shiba Inu.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Coinbase has emerged among the top Shiba Inu (SHIB) burners for the month, with over 152.3 million SHIB sent to dead addresses in the last 30 days, according to Shibburn.
Among the top burners in the last 30 days, Coinbase sits in the second spot, just below the '0xc774406cc' address, which sent 297,572,672 SHIB to dead wallets in just one transaction.
The SHIB tokens burned did not come in one lump sum but rather from various burn transactions that may have originated from Coinbase transactions and trading fees.
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152,307,330 SHIB burned in 9 transactions was attributed to Coinbase in the last 30 days, when a total of 758.92 million was burned, according to the Shibburn page. Tokens sent to recognized burn addresses, often called dead wallets, are generally considered permanently inaccessible, effectively removing those tokens from the circulating supply.
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Coinbase's emergence among the top monthly burners does not, by itself, establish that the exchange deliberately initiated a token-burning campaign, but rather from transactions and trading fees.
SHIB burn rate surges 100%Over 61 million SHIB tokens have been burned in the last 24 hours, causing an uptick in the daily burn rate. According to Shibburn, 61.46 million SHIB were sent to dead wallets in this timeframe, with the daily burn rate rising 100%.
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This marks a rebound from that seen earlier in the week when the burn rate flattened after a collapse on October 11. In line with this, the weekly burn rate was down 59.25% in the last seven days, with 163.52 million SHIB burned, while the monthly burn rate increased 79.30%.
At the time of writing, SHIB price was down 2.36% in the last 24 hours to $0.000005015 following a broader crypto market selloff as investors reacted to a week of strong inflation data, with Thursday's producer price index showing that wholesale prices jumped 6.3% annually in September, the biggest gain since 2022. This came after Wednesday's release of the consumer price index, which also rose.
Federal Reserve Chair Kevin Warsh declined to signal the central bank's intentions for its meeting later this month, with the odds of an October interest-rate increase dropping to about 15% from about 30%.
798 peněženek drží 94,6 % obíhající nabídky SHIB. Investoři za posledních 24 hodin přesunuli 51 miliard SHIB z kryptoměnových burz do svých vlastních peněženek.
Shiba Inu (SHIB), a popular meme-based cryptocurrency, is aiming to regain bullish momentum after a recent correction. The project’s community hopes that an upward move would help eliminate another zero from the token’s price and increase the market capitalization to $7 billion.
Key resistance levels and technical outlookSHIB experienced a strong rally in the third quarter, gaining 39.3%. However, this upward trend has since reversed, with the price retreating to approximately $0.00000516. The coin’s market capitalization now sits at around $3.05 billion, and price action has stalled.
Analysts point to the 23-week moving average as a crucial resistance level. The token’s price has slipped below this benchmark, and the next notable support rests at the psychologically significant $0.00000500 mark. This level also serves as a key threshold for maintaining SHIB’s $3 billion market cap.
If buyers succeed in pushing SHIB above the 23-week moving average by the weekly close, it could signal renewed growth and set the stage for further gains. Conversely, failure to reclaim this level increases the risk of a decline toward the summer lows.
Whale influence and concentrated ownershipOwnership within the SHIB ecosystem remains highly concentrated. Current blockchain analytics reveal that 798 wallets control a striking 94.6% of the total circulating supply. This elite group includes 310 wallets each holding dollar millionaire status in SHIB.
These major holders play a decisive role in price dynamics. If large investors collectively support the price above critical levels, a shortage of available supply could trigger a broader market reaction.
On the retail side, around a million smaller investors continue to monitor whale activity, with many hoping bullish momentum will return if the price recovers key technical levels.
Mini dictionary: Whale, a market participant who holds a very large amount of a particular cryptocurrency, often able to influence prices due to the size of their transactions.
MetricCurrent ValueKey Level/Recent ChangeSHIB price$0.0000051623-week MA as resistanceMarket capitalization$3.05 billionTarget: $7 billionTokens withdrawn from exchanges (24h)51 billion SHIBN/AOwnership concentration94.6% held by 798 wallets310 wallets with $1 million+Large withdrawals and market sentimentDespite the price pullback, blockchain data shows that major players are withdrawing SHIB from exchanges and accumulating coins. Over the past 24 hours, investors have moved 51 billion SHIB into personal wallets, reflecting confidence among leading holders.
This ongoing accumulation suggests that, even amid volatility, significant holders remain optimistic about SHIB’s prospects. Market watchers note that until these whales decide to sell, the circulating supply is likely to stay tight, which could fuel future price surges if bullish triggers appear.
As soon as whales push the price above key resistance, retail investors may flood back in, driving SHIB’s market capitalization toward the $7 billion mark.
The cryptocurrency market is showing renewed momentum, and Shiba Inu is benefiting from this resurgence. Recent trading activity has pointed toward a shift in sentiment, with bullish investors appearing to regain control after a period of volatility.
Netflow data signals renewed interestCryptoQuant, an analytics platform specializing in on-chain data, has reported a significant decrease in Shiba Inu’s exchange netflow. As of October 16, the netflow had fallen by more than 5%, reaching -78,761,600,000 SHIB.
A negative netflow indicates that more SHIB tokens are leaving exchanges than entering. This suggests a higher number of tokens are being withdrawn, likely for long-term holding, which is generally interpreted as a sign of growing investor confidence and demand in the asset.
Shiba Inu’s netflow falling by 78 billion SHIB reflects increasing investor willingness to hold, signaling that selling pressure has finally eased after weeks of turbulence.
The timing of this shift is notable. After extended volatility and heavy selling, the negative netflow points to a cooling of sell pressure within the Shiba Inu ecosystem.
CryptoQuant’s data underscores that the withdrawal of SHIB from exchanges marks a turning point, as persistent outflows often precede upward price movements when confidence returns to the market.
Price rebounds after losing supportEarlier market turbulence had caused Shiba Inu to lose its support near the $0.000005 mark. With the market environment improving and buying activity increasing, the token has recovered and now trades above $0.0000051.
IndicatorPreviousCurrentSupport level$0.000005$0.0000051Exchange netflow (SHIB)Not reported-78,761,600,000 SHIBMarket analysts suggest that if this bullish momentum continues, Shiba Inu may be in a position to overcome what has been described as the “negative Uptober curse,” a phrase referring to previous tendencies for the token to underperform during October.
Despite the recent uptick, uncertainty remains regarding Shiba Inu’s longer-term trajectory. Analysts are watching closely to see whether the asset can sustain the current rally or face renewed volatility.
Shiba Inu, launched in 2020 as a decentralized meme token, has built a significant following and is widely traded among retail investors. Its price remains highly sensitive to market sentiment and token flows on exchanges.
The recent developments highlight how on-chain metrics like exchange netflows can provide early signals about broader market shifts, especially for high-profile tokens such as SHIB.
Shiba Inu burn activity has slowed significantly over the past 24 hours, with data from Shibburn indicating that just $1 worth of SHIB was removed from circulation. The burn tracker reported that 192,678 SHIB tokens were destroyed during this period, reflecting a subdued burn effort compared to previous days.
Technical interruption and daily burn figuresA brief disruption on the Shibburn tracker temporarily obscured real-time visibility into the burn count, which led users to see a zero-value for the 24-hour burn total. After the issue was resolved, the tracker showed that 192,335 SHIB had been burned in the latest reporting period. Despite data availability returning, the number remained modest, especially when compared to higher-volume burns that have occasionally fueled conversations within the Shiba Inu community.
Following a technical glitch, the Shibburn page resumed operations and revealed a daily burn of 192,335 SHIB, reflecting the ongoing trend of moderate burn activity in the ecosystem.
The latest update also revealed a 14.22% decline in daily burn rates. This further underscores the muted momentum seen in recent days.
Weekly, monthly totals and broader market trendsAcross the past seven days, Shiba Inu saw a cumulative burn of 176.35 million tokens. Looking at the past 30 days, total burns reached 709.44 million SHIB. While these figures demonstrate that burn efforts continue, current daily numbers are relatively small compared to the project’s broader supply reduction targets.
TimeframeTotal SHIB BurnedLast 24 hours192,678Last 7 days176,350,000Last 30 days709,440,000The Shibburn platform, an independent tracker dedicated to recording token burns within the Shiba Inu ecosystem, plays a key role in providing stakeholders with visibility into these activities.
Mini dictionary: Shibburn, a third-party monitoring site, aggregates and reports on all Shiba Inu burn transactions to increase transparency for the SHIB community.
Meanwhile, the broader cryptocurrency market has experienced increased volatility. Liquidations spiked by 143% over the last 24 hours, hitting $759 million in value. Analysts point to intense trading activity, a decrease in open interest, and a series of forced closures as indications that leveraged positions are rapidly unwinding.
SHIB price movement and macroeconomic outlookSHIB experienced a 3.64% drop in value over the last 24 hours, with its price sliding to $0.00000522 following a sharp move lower. The token briefly touched a low of $0.00000502 before staging a minor rebound.
Market participants are now watching for key economic announcements. This week, attention turns to new US inflation data and other economic indicators likely to impact overall crypto sentiment.
September’s annual inflation rate, set for release on Wednesday, is projected at 3.7%, up from 3.4% in August. Core consumer prices, excluding food and energy, are expected to rise to 2.5% from 2.4%. On Thursday, additional figures for September’s producer price index and retail sales will be published.
As traders weigh the latest SHIB developments, shifts in economic data are set to shape broader market dynamics for the remainder of the week.
Poradce projektu Shiba Eternity Mazrael varoval na sociálních sítích před falešným airdropem SHIB, který slouží k vykrádání peněženek. Uživatelé by neměli klikat na sdílené odkazy.
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Long-time Shiba Inu community member and Shiba Eternity advisor Mazrael has flagged a fake SHIB alert circulating on social media. He describes the campaign as a wallet drainer and urges users not to interact with the links shared.
An X account, obviously a fraudulent one, mentioned that the 'SHIB airdrop hype' was back and claimed to be eligible after checking his wallet while sharing a link to a fraudulent website.
In his post, Mazrael alerted the Shiba Inu community to the fake SHIB campaign, saying there is no such airdrop and that it is a wallet drainer, urging users not to interact with the links.
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care. no such airdrop. this is a drainer. they are flooding time line recommend not click and report. https://t.co/GeeImCDcYD
— Mazrael.shib (@Mazrael_shib) October 12, 2026 "care. no such airdrop. this is a drainer," Mazrael wrote, adding that several scam posts of this kind were flooding timelines and urging users to avoid clicking the links and report the accounts or posts responsible.
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A fraudulent airdrop page may request a wallet connection or ask users to approve a transaction or token permission. Depending on what the victim signs or authorizes, attackers could gain the ability to transfer assets from the connected wallet.
Crypto drainers explainedAs previously indicated, Mazrael described the tactics being utilized by the scammers to target Shiba Inu holders as a 'drainer'.
A crypto drainer is a type of malicious software or phishing tool specifically designed to steal digital assets directly from cryptocurrency wallets. Unlike traditional phishing that steals usernames and passwords, crypto drainers target the smart contract permissions and transaction approvals that govern wallets. Drainers can also operate via malicious browser extensions or compromised dApps.
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First, scammers create fake websites that mimic legitimate platforms, and in the instance flagged by Mazrael, the URL shared was a fake Shiba Inu link, as Shib.io remains Shib's official website.
The scammers promote these malicious links intended to deceive unsuspecting users, who are prompted to connect their crypto wallets to the site.
Once connected, the site shows a transaction pop-up, which is in fact an approval request or a malicious signature. By signing it, the user unknowingly grants the drainer smart contract permission to spend or transfer their tokens.
That is why crypto users are advised to always check official project channels before clicking on links shared on social media or Discord, even if they appear to be coming from verified accounts.
Shiba Inu's $SHIB memecoin is closing in on the 1.7 million Ethereum holder milestone, with its real-world holder base likely far larger once multichain addresses on Solana and Shibarium are included.
@Shibtoken's $SHIB memecoin is on the cusp of a significant community milestone. According to @etherscan, the token currently counts 1,698,001 holder addresses on Ethereum, putting it fewer than 2,000 wallets away from the 1.7 million mark.
Steady Growth Through September and October The climb to this level has been methodical rather than explosive. That pace continued into October, with
The steady accumulation is notable because it has come against a backdrop of subdued price action. For many observers, the persistence of wallet growth during quieter price periods is itself a signal of durable community interest.
It is worth noting a caveat on the numbers.
The Multichain Picture Makes 1.7M Look Conservative The Etherscan figure captures only Ethereum-native holdings. When other networks are factored in, $SHIB's true reach is considerably broader.
The token's footprint expanded further still in early October.
Taken together, the Ethereum count approaching 1.7 million is as much a floor as a ceiling. Once Shibarium and @Solana addresses are included, $SHIB's combined holder base already sits well above that figure, illustrating just how far the memecoin's reach now extends beyond its original chain.
Sources:
U.Today: 1,693,365 SHIB On-Chain Holders Reached
CoinTurk: Shiba Inu Surpasses 1.8 Million Holders Across Ethereum and Shibarium
CryptoNews: Shiba Inu Trading Volume Soars 171% After Launch on Solana
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Shiba Inu's layer-2 network, Shibarium, saw a sudden spike in activity as the daily number of transactions rose in the last 24 hours. Shibariumscan data shows the number of transactions jumped from 970 on Oct. 8 to 2,440 on Oct. 9, a 151% growth.
This jump comes after a huge decline in the number of transactions, which was 5,710 on October 6. Activity on Shibarium has been on the rise gradually, with the number of transactions steadily climbing since the start of October.
This steady increase went on for six days, after which a sharp drop ensued. This inconsistency in transaction activity raises questions about the recent increase and whether it marks the start of a sustained recovery in Shibarium usage.
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According to a notice on ShibariumScan, there is ongoing reindexing which may account for the haphazard nature of the data, although this is not certain. The notice stated that 56% of blocks have been indexed so far.
Regardless of the exact reason, the 151% surge puts Shibarium's transaction activity back in focus as the Shiba Inu ecosystem continues to pursue greater utility.
Shiba Inu priceOn the first anniversary of the 10/10 flash crash, which resulted in the largest liquidation event in crypto history, Shiba Inu is currently trading in the green, up 1.24% in the last 24 hours to $0.00000546 and down 4.05% weekly.
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Shiba Inu price returned to the green on a daily basis after completing a three-hour death cross, putting the dog-themed cryptocurrency's short-term price action back in focus.
A death cross occurs when a shorter-term moving average falls below a longer-term moving average; in this case, the 50 MA on the 3-hour chart has fallen well below the 200 MA, completing the bearish signal.
Shiba Inu marked four days of decline from a high of $0.000006 on October 5 before rebounding on Friday. The price drop saw Shiba Inu trade below its 50-day moving average and briefly fall below the daily MA 200 before recovering above it.
Bulls made an attempt to recover the 50 DMA early Saturday, with the SHIB price reaching $0.000005519 before a retreat. A successful attempt in this regard will be watched for a continuation of Shiba Inu's rebound in the upcoming sessions.
Za posledních 24 hodin nebyly spáleny žádné tokeny SHIB, takže míra spalování tokenu Shiba Inu klesla o 100 %. Předchozí den bylo spáleno 91 120 170 tokenů SHIB.
Dog-themed cryptocurrency Shiba Inu recorded an unusual lull in its signature token-burning activity. Over the past 24 hours, no SHIB tokens were removed from circulation, causing the burn rate to drop by 100%, according to data from the Shibburn platform.
Sudden halt in SHIB burningShibburn, a tracking tool for Shiba Inu’s deflationary mechanics, reported that no SHIB tokens were sent to burn addresses during the latest measured period. In comparison, the previous day saw 91,120,170 SHIB burned, when the burn rate spiked dramatically by 182,140%.
The absence of burns for the day does not point to a technical issue within the Shiba Inu ecosystem. Instead, it reflects the fluctuating nature of burn activity, which depends heavily on the level of community engagement and token transaction volumes.
In the last 24 hours, the Shiba Inu burn rate plunged to zero, marking a 100% decrease and a sharp contrast with the surge to 182,140% a day earlier.
In the previous week, the project’s community burned a total of 401.3 million SHIB, while 707.51 million tokens have been removed in the past 30 days. Overall, the market has seen 410,844,855,570,460 SHIB tokens burned since inception, amounting to a reduction of 41.08% from the token’s initial one quadrillion supply.
Market performance and price pressureFollowing the dramatic shift in burn activity, SHIB’s price also came under pressure. Over the past 24 hours, Shiba Inu fell 0.89% to $0.00000536. The downturn in SHIB’s value coincided with a broader market slide, which occurred after the US Federal Reserve’s minutes showed that most officials anticipated another rate hike by year-end.
Liquidations across the crypto market totaled $969 million within the same time frame, according to analytics firm CoinGlass.
PeriodSHIB BurnedLast 24 hours0 SHIBPrevious day91,120,170 SHIBLast 7 days401.3 million SHIBLast 30 days707.51 million SHIBTotal since launch410.84 trillion SHIBRecent price movementShiba Inu faced a second consecutive day of sharp losses on Thursday, hitting a low of $0.000005099. The meme coin’s price has declined for four days since reaching a recent peak of $0.000006 on October 5. During the drop, SHIB traded below both its 50-day and, briefly, its 200-day moving averages, though it later recovered above the longer-term average.
The market sell-off has affected many alternative cryptocurrencies, which had seen strong performances heading into late September.
Leverage and market risksGlassnode, a blockchain analytics company, reported that leverage in large-cap altcoins remains elevated. A growing number of major tokens now have open interest that is relatively high compared to their market capitalizations by historical standards.
According to Glassnode, this situation, where prices fall as positions remain open, could create conditions for a forced unwinding of leverage if market volatility worsens.
Mini dictionary: Glassnode is an on-chain data and analytics platform that provides insights on blockchain activity, investor behavior, and market trends in the cryptocurrency sector. It tracks key metrics such as open interest, trading volumes, and token flows for major digital assets.
Na hodinovém i dvouhodinovém grafu Shiba Inu se vytvořil death cross: 50periodní klouzavý průměr klesl pod 200periodní klouzavý průměr, což signalizuje krátkodobý medvědí tlak.
Shiba Inu (SHIB) has produced double death cross signals on its hourly and two-hour charts, heightening uncertainty over the likelihood of the anticipated “Uptober” rally in October.
Double death cross brings bearish momentumA death cross occurs when a short-term moving average crosses below a long-term moving average, widely interpreted by traders as a signal of weakening momentum. In SHIB’s case, the 50-period moving average slipped beneath the 200-period moving average on both the hourly and two-hour timeframes.
This double occurrence of the death cross is drawing increased scrutiny, as it points to sustained bearish sentiment across multiple short-term technical setups. The signals may indicate continuing pressure against SHIB’s price unless the technical picture improves.
Mini dictionary: Death cross, a technical chart pattern where a short-term moving average falls below a long-term moving average, often seen by traders as a signal of potential downward momentum in price action.
SHIB experienced its first daily golden cross in nearly two years last week—a bullish signal in which a shorter-term moving average crosses above a longer-term moving average. The previous golden cross, seen in November 2024, preceded a strong rally with SHIB climbing to $0.0000334 in December 2024.
Rather than confirming a bullish rally for October, the double death cross suggests Shiba Inu may need to reclaim critical support levels and restore momentum before any sustained upside occurs.
Uptober outlook and market pressuresOctober, often referred to as “Uptober” for historically positive crypto performance, has so far failed to live up to expectations for Shiba Inu. The double death cross has cast doubt over whether bulls can launch the rally speculators had hoped for this month.
SHIB’s current price action reflects persistent weakness. The token was last down 1.36% in 24 hours at $0.000005405, moving in tandem with the broader market’s decline.
This pullback followed the release of minutes from the Federal Reserve’s latest meeting, which showed officials anticipate another interest rate hike before the end of the year as they attempt to curb inflation.
Investor sentiment toward SHIB and other cryptocurrencies remains closely tied to macroeconomic developments. Many analysts expect the Fed to keep interest rates steady at its October 28 meeting, with a potential rate increase on December 9. Attention is also focused on upcoming data releases, including weekly initial jobless claims and preliminary Michigan Consumer Sentiment for October.
Date/EventCurrent Value/ActionNext Key LevelCurrent SHIB price$0.000005405Support at $0.00000523Recent Price Peak (Oct 5)$0.000006018Support at $0.00000544 (50-day MA)Potential Fed actionPossible rate hold Oct 28Rate hike possible Dec 9Technical breakdown and support levelsAfter reaching a high of $0.000006018 on October 5, SHIB has entered its third consecutive day of decline. The token has now dropped below the 50-day moving average support at $0.00000544 and is approaching its next key support at the 200-day moving average of $0.00000523.
Shiba Inu is a meme-based cryptocurrency developed as an experiment in decentralized community building. It has achieved significant popularity but remains highly volatile, with price movements frequently influenced by technical setups, broader crypto market sentiment, and global economic policy shifts.
SHIB’s recent drop below multiple support levels and the appearance of double death crosses on short-term charts highlight the uncertainty facing traders and investors as October progresses.
Osmihodinový čistý příliv na spotovém trhu SHIB vzrostl o 440,65 % na 506 680 USD, krátkodobé toky na spotovém trhu i trhu futures však zůstávají záporné.
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Shiba Inu is recording a major increase in spot-market capital flows, but the more recent data is less reassuring at this point in time. SHIB's eight-hour spot net-flow change has surged 440.65%, producing positive net inflows of approximately $506,680.
Shiba Inu left outThe improvement extends across several longer intraday periods. Four-hour spot net inflows stand at $394,170, up 337.15%, while the 12-hour reading remains positive at $352,220. Over 24 hours, inflows of $6.72 million exceeded $6.11 million in outflows, leaving SHIB with approximately $613,500 in positive net flows.
On the surface, this suggests capital is returning to SHIB. The catch is that shorter-term flows have already started moving in the opposite direction.
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SHIB/USDT Chart by TradingViewOver the latest hour, SHIB recorded $211,140 in spot inflows against $247,370 in outflows, creating a negative net flow of $36,230. The 30-minute reading is similarly negative at $26,830. More importantly, the three-day picture remains negative by approximately $388,160.
Futures flows offer little additional reassurance. Net flows are negative across the five-minute, 15-minute, 30-minute, one-hour, four-hour and 12-hour periods shown, with the 12-hour reading reaching negative $433,240. Only the eight-hour period remains marginally positive.
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Price action is beginning to reflect this deterioration. SHIB trades around $0.00000550 after a sharp daily decline from the $0.00000580 region. The move has pushed the token back below its long-term moving average near $0.00000565, erasing one of the more important technical improvements from the September recovery.
Market being tested$0.00000540–$0.00000545. Holding this area could allow another attempt to reclaim $0.00000560 and eventually $0.00000580–$0.00000600. A breakdown below $0.00000540 would be considerably more problematic, potentially exposing $0.00000520 and the psychologically important $0.00000500 level.
The 440% increase therefore shows that spot demand strengthened over the longer intraday window. But weakening short-term spot flows, broadly negative futures flows and SHIB's loss of long-term technical support suggest that buyers have not secured control of the market.
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Shiba Inu witnessed a huge spike in burn rate in the last 24 hours as over 297 million SHIB tokens were burned from the circulating supply.
Shibburn reports 297.68 million SHIB burned, which is an increase of 6,847.52% in burn rate. In the last 24 hours, the increase in burn rate was due to a single burn transaction of 297,572,672 SHIB, 111,542 SHIB token burn from Uniswap, 2,622,378 SHIB token burn from Coinbase, 179,289 SHIB burn from Robinhood and some others.
In the last seven days, a total of 394.28 million SHIB was burned, sending the weekly burn rate up 1,821.15%. This added to a total of 666.97 million burned in the last 30 days.
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In a significant development, SHIB went live on Solana via Sunrise and is available in Solana apps including Jupiter, Raydium, Phantom, and Kamino.
This allows SHIB to be accessed and traded directly within the expansive decentralized finance (DeFi) ecosystem of Solana without leaving the ecosystem to access the crypto token.
SHIB price awaits next moveThe crypto market is seeing mixed trading early Tuesday, with investors looking ahead to the release of minutes from the Federal Reserve's last meeting.
Bitcoin and other major cryptocurrencies are still trading in a choppy range as traders price in a 78% chance that the Fed will keep rates unchanged at its next meeting.
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At the time of writing, SHIB was down 0.95% in the last 24 hours to $0.000005893, in line with the choppy price action in the market, but remains up 2.09% weekly.
Shiba Inu price had a major technical development towards the weekend as the first daily golden cross for SHIB in almost two years just occurred. Shiba Inu's last golden cross before this time was in November 2024, and one month later, in December 2024, it reached a high of $0.0000334.
The event of the week will be the release of the FOMC minutes from its September meeting on Wednesday, which investors will parse closely for clues about future monetary policy.
Shiba Inu is back on a bullish trajectory as traders appear to be actively participating in the leading meme token following recent developments.
As the meme token continues to advance and expand its presence across the crypto ecosystem, it has recently launched on the Solana blockchain, driving a rapid surge in its trading activity per data from CoinMarketCap.
Shiba Inu volume spikes 171%While Shiba Inu has seen its onchain activity slow modestly in recent days, its launch on Solana on October 4 has driven a sharp surge in trading activity.
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Barely 24 hours after its expansion into the Solana ecosystem, data from CoinMarketCap shows that Shiba Inu's trading volume has surged to over $95,890,000.
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This marks an increase of 171.8% over the last 24 hours amid rising interest from investors. This surge in activity has also fuelled bullish momentum for SHIB as its price has also shown a substantial increase over the same period.
Following the spike in market activity, Shiba Inu is now trading at around $0.000005959, a notable increase of 4.36% over the past 24 hours.
Shiba Inu now live on SolanaIt is important to note that the sharp increase in Shiba Inu volume came shortly after the asset expanded its presence to Solana.
With this move, users within the Solana network now have the opportunity to seamlessly trade and interact with the popular meme coin.
While this typically drives further adoption for Shiba Inu, market participants believe the move will help push the Shiba Inu onchain holder count to reach 1.7 million faster.
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Shiba Inu is showing signs of stabilization after several weeks of aggressive price swings, while exchange activity suggests that immediate selling pressure may be cooling. Exchange netflows have dropped toward roughly 120 billion SHIB, a notable slowdown compared with the much larger spikes recently observed.
Netflow measures the difference between tokens entering and leaving exchanges. Large positive readings can indicate that more SHIB is becoming available for potential sale, while declining netflows suggest that this pressure is easing.
Exchanges stay bearishTotal inflows stand around 551.8 billion SHIB, compared with approximately 453.4 billion in outflows. Exchange reserves have also edged 0.11% higher, while their dollar value increased 4.85%. This means SHIB has not entered a clear accumulation regime yet.
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SHIB/USDT Chart by TradingViewOne particularly notable reading is the seven-day moving average of mean exchange outflows, which surged more than 630%. Large withdrawals can be constructive if tokens move into private storage, but the metric is volatile and should not be interpreted independently.
Price is more encouraging SHIB currently trades around $0.00000598 after recovering from September lows near $0.0000049. More importantly, the token has moved above the major long-term moving average around $0.00000565 and has repeatedly defended this region during recent pullbacks.
The next obstacle sits around $0.00000610–$0.00000630. September's rally failed around this zone, leaving a substantial supply area above the current price. A clean daily close above $0.00000630 could establish another higher high and strengthen the developing bullish structure.
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Momentum is also relatively balanced. RSI remains above 50 but well below extreme overbought territory, leaving room for another upside attempt.
The main risk is a breakdown below approximately $0.00000560. Such a move would return SHIB beneath its recently reclaimed long-term support and expose $0.00000540, followed by $0.00000500.
For now, falling netflows remove some immediate selling pressure, but they do not provide bullish confirmation by themselves. SHIB needs to convert its improving exchange dynamics into a breakout above $0.00000630 to restart the rally.
SHIB je nově dostupný na Solaně přes Sunrise, takže lze tento původně ERC-20 token obchodovat přímo v ekosystému Solany. Integrace rozšiřuje jeho on-chain možnosti, aniž by opouštěl Ethereum.
Shiba Inu (SHIB), one of the largest meme coins in the crypto space, has arrived on Solana via Sunrise, now providing Solana market access to the Ethereum token's canonical form.
The update allows SHIB to be accessed and traded directly within the expansive decentralized finance (DeFi) ecosystem of Solana without the need to jump out of the ecosystem to access the crypto token.
Solana described Shiba Inu as "one of the largest communities in crypto" and pointed out how the project has expanded beyond its origins as a meme cryptocurrency with a dog-themed mascot.
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Crucially, the Solana debut doesn't mean SHIB is leaving Ethereum. The original form of SHIB is an ERC-20 token. Nor does it mean Shibarium is moving to Solana. Sunrise is simply bringing in the canonical Solana representation of the asset to be able to trade within Solana's markets.
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Wormhole Labs-powered Sunrise is an asset gateway designed to bring assets from external ecosystems to Solana.
This includes the creation/recognition of a canonical Solana token, provisioning liquidity, and integration with wallets, DEXs, and aggregators.
That's important to note because otherwise multiple unofficial versions of the same cryptocurrency can exist on a blockchain. As a result, there may be fragmented liquidity.
On the other hand, Sunrise seeks to create a canonical mint that has the issuer's approval
Welcoming external assets Back in November 2025, when Sunrise first launched, the asset gateway's major listing was Monad's MON. Since then, the list has grown a lot.
For example, in September, Dogecoin made its way to Solana via Sunrise and Wormhole NTT.
On Sept. 18, PEPE came to Solana. Per Solana's tweet, the meme cryptocurrency that lives on Ethereum is now accessible across Solana applications via Sunrise.
SHIB's muted response
SHIB has so far seen very little meaningful price response to the Solana news, despite the increased ecosystem reach.
At press time, the meme cryptocurrency is trading at around $0.0000057.
Nonetheless, the integration has significantly expanded SHIB's on-chain trading options.
Vývojář Shiba Inu Kaal Dhairya po měsících ticha na X stručně uvedl: „Yours truly.“ Naposledy přitom na X zveřejnil příspěvek 25. července. Reagoval tak na dotaz, kdo financuje údržbu Shibaria.
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Amid Shibarium speculation, Shiba Inu developer Kaal Dhairya has broken months of relative silence on X with a brief reply: "Yours truly."
Before now Dhairya last posted on X on July 25, when he reacted to Shiba Inu's price rise, maintaining months of silence, similar to Shiba Inu lead ambassador Shytoshi Kusama, who last posted or interacted on X on May 13.
The Shiba Inu developer's response comes after an X user raised an interesting question about the cost of maintaining a Layer 2 network.
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Citing Ethereum Layer 2 network Blast's decision to wind down operations, X user Ed Salomons asked who is paying for the hardening, updates, and ongoing maintenance of Shibarium. Dhairya replied, "Yours truly."
Ethereum Layer 2 chain Blast announced that it would wind down its network because operating costs exceeded revenue and the project saw no credible path to economic sustainability. Blast users have been given until Oct. 26 to withdraw assets through its interface.
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This development raised concerns about Shibarium being an Ethereum Layer 2 itself. Dhairya's response shows that Shibarium isn't abandoned, but it doesn't provide details on the amount being spent, the specific entities involved, or the long-term funding structure supporting the network.
Shibarium abandoned?Shibarium continues to receive infrastructure attention. As reported, an update attributed to Dhairya said a Shibarium reorg had been resolved, with the remaining step involving DRPC completing its transition to the network's new environment.
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In late 2025, old public RPC endpoints connecting to Shibarium were shut down as part of a migration to a new, official, more stable, and decentralized RPC infrastructure.
Last month, Shiba Inu community member Mazrael informed Shibarium node operators of a peer rotation as new Bor static nodes and Heimdall persistent_peers were published, with the old set now obsolete. The Shibarium RPC listing was also refreshed in the ethereum-lists/chains registry, with updated connection details made available on Chainlist.
The Shibarium explorer Shibariumscan reports an ongoing reindexing of the chain, with 54% of blocks currently indexed.
Komunita Shiba Inu varuje před záměnou TREAT tokenů na Ethereum: existuje 366 tokenů se stejným tickerem, takže je nutné ověřovat kontrakt, ne jen symbol.
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A crucial warning has emerged for the Shiba Inu community amid a recent disclosure of multiple Ethereum tokens using the TREAT name and ticker.
Long-time Shiba Inu community member Mazrael, in a recent X conversation, pointed to over 366 tokens on Ethereum alone with the TREAT ticker.
"If anyone is saying there are two tokens with that ticker, it's low-key an ad for scammers. There are 366 tokens on ETH alone with the TREAT-named ticker," Mazrael wrote.
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if anyone is saying "there is two tokens with that ticker"
its low key ad for scammers.
and anyone that keep posting about that non stop (notice last few days groups have been very active posting about that) is most definitely involved in that.
there is 366 tokens on…
— Mazrael.shib (@Mazrael_shib) September 25, 2026 Mazrael was reacting to a post by X user 'BAPA-Fortuna,' who called attention to the fact that there were other tokens with the TREAT ticker. He pointed to two different Ethereum tokens using the TREAT name/ticker.
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The official TREAT token for the Shiba Inu ecosystem exists on Ethereum and Shibarium, and he shared the respective contract addresses. An older Ethereum token using the TREAT name and ticker reportedly dates back to Jan. 13, 2023. However, it is a separate token and should not be confused with or associated with the Shiba Inu ecosystem.
The warning urges users to verify the contract address and never to identify a token by its ticker alone.
Shibarium receives quiet upgradesShiba Inu layer-2 Shibarium continues to receive silent upgrades. This week, Mazrael informed the community that 'x402 is live on Shibarium.' x402 is an open, neutral standard for internet-native payments. It makes payments possible between clients and servers, creating win-win economies that empower agentic payments at scale.
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x402 enables instant, low-cost payments for digital services, and it is designed for API monetization, agentic commerce, paywalled content, and any scenario where traditional payment methods are too slow or expensive.
Mazrael shared details of the x402 upgrade: "Permit2, the x402 proxy, the SignatureValidator—all at the same canonical addresses x402 uses on Ethereum, Base and Polygon. Any x402 client works on chain 109 with zero custom code. Most facilitators are USDC-only; they settle through EIP-3009, and USDC is what implements it. The Permit2 route takes any ERC-20."
Mazrael noted that AI agents can pay in SHIB, TREAT, or wrapped BONE.
PeckShield upozornil na podezřelé odlivy z Duelbits ve výši přibližně 4,3 mil. USD na Ethereum a BNB Chain. Mezi aktivy bylo 836 ETH a 12,398 bil. SHIB.
PeckShield Flags $4.3M in Suspicious Duelbits Outflows.
Blockchain security firm PeckShield has reported approximately $4.3 million in suspicious cryptocurrency outflows from Duelbits across Ethereum and BNB Chain, involving ETH, stablecoins, BNB, and Shiba Inu.
#PeckShieldAlert #Duelbits has seen a suspicious outflow of ~$4.3M in crypto on #Ethereum and #BNBChain, including 836 ETH($2.23M), 1.146M USDT, 209 BNB ($160.68K), 96.805K USDC, 12.398B SHIB ($70.17K), and 31.515K DAI.
The attacker has since swapped the stolen funds for 1587.87… pic.twitter.com/zJ5HUtIghQ
— PeckShieldAlert (@PeckShieldAlert) September 24, 2026
PeckShield identified the recipient as an attacker and said the funds had been converted into approximately 1,587.87 ETH, valued at around $4.2 million, alongside about 31,500 DAI. Its alert did not identify how the funds were accessed or establish whether customer balances were affected.
ETH, Stablecoins and 12.398 Billion SHIB Involved According to PeckShield, the suspicious outflows included 836 ETH worth approximately $2.23 million, 1.146 million USDT, and 209 BNB valued at $160,680.
PeckShield Flags $4.3M in Suspicious Duelbits Outflows. The firm also listed approximately 96,805 USDC, 12.398 billion SHIB worth $70,170, and 31,515 DAI.
The $4.3 million figure represents PeckShield’s aggregate estimate. The individual amounts listed account for approximately $3.74 million at the quoted valuations, assuming the stablecoins traded near $1. The alert did not explain the difference between those figures.
Ethereum records dated September 24 show several incoming transfers from a Duelbits-labeled address to a wallet beginning 0xA77e24 and ending 05aef76. These included 31,515 DAI at 09:00:35 UTC, approximately 12.4 billion SHIB at 09:00:59, 96,804.68 USDC at 09:01:23, and 593,430.32 USDT at 09:02:11. The explorer also identified Duelbits as the address’s initial funding source.
Funds Moved Through deBridge and Relay Addresses Subsequent transactions show the recipient moving assets to addresses associated with cross-chain services.
At 09:27:35 UTC, the wallet transferred 96,804.68 USDC to a deBridge-labeled address. A separate transaction at 09:31:23 moved approximately 6.4 billion SHIB to the same labeled destination. Four later SHIB transactions, ranging from 1 billion to 2 billion tokens each, brought the displayed outgoing SHIB total to approximately 12.4 billion.
The records also show six transfers of 100,000 USDT each to Relay: Router V3, followed by another transfer of 83,346.89 USDT. Together, those seven transactions amounted to 683,346.89 USDT.
Following the transactions, the Ethereum address’s recorded balance stood at approximately 1,587.876 ETH, valued by Etherscan at $4,190,468.37. Its remaining token holdings consisted of 31,515 DAI worth approximately $31,510.37, placing the combined ETH and DAI balance at roughly $4.22 million at that snapshot.
Duelbits Previously Suffered a Separate Wallet Exploit Duelbits, which operates a cryptocurrency casino and sports betting platform, previously suffered an exploit on February 13, 2024. De.Fi’s incident report recorded losses of approximately $4.64 million and identified a loss of wallet access control as the apparent cause. Assets taken in that incident were also bridged and exchanged into ETH.
That historical finding does not establish the cause of the September 24 outflows. PeckShield’s latest alert focused on the assets moved and their subsequent conversion, without specifying an attack method.
Binance vyřadí 19 nízko likvidních párů s USDC ze spotového i marginového obchodování. Zároveň koupila 1 237 011 akcií třídy A společnosti Circle za 100 milionů USD.
On September 22, the cryptocurrency market hovered near the $3 trillion capitalization mark after a powerful short squeeze sent Bitcoin surging toward $87,400. Forced liquidations totaled $557.79 million, with shorts absorbing approximately 70% of the losses. Data from CoinGlass pointed to BTC and ETH perpetual contracts taking the brunt, with $242.47 million and $100.83 million in losses respectively.
Massive capital inflows drive market surgeMarket sentiment was buoyed by an unprecedented inflow of U.S. capital: SoSoValue reported that spot ETFs attracted more than $1.9 billion within 24 hours. Bitcoin led with $1.36 billion, while altcoins also saw significant investments—Solana received $257.25 million, Ethereum took in $223.51 million, and XRP gained $45.54 million. Hyperliquid’s HYPE token reached a fresh all-time high near $96.
As Bitcoin stabilized in the mid-$85,000s, Binance users experienced a temporary squeeze in USDe, which dropped to $0.92 before recovering. The event was linked to an anticipated wallet upgrade on the exchange, and analysts assessed it as a temporary liquidity shortage rather than a systemic risk.
With external catalysts fading, major market participants are increasingly focused on internal liquidity and technical analysis. Strategic shifts among institutional and retail traders are expected to define the direction of digital assets in the coming days.
Binance cuts illiquid USDC pairs, invests in CircleBinance, the world’s largest cryptocurrency exchange by trading volume, announced the removal of 19 low-liquidity USDC trading pairs from both spot and margin markets. The delisting forms part of a broader cleanup targeting pairs with thin liquidity.
At the same time, regulatory disclosures show that Binance acquired 1,237,011 Class A shares of Circle for $100 million, at a price of $80.84 per share. This transaction also includes a five-year commercial agreement, under which Circle will pay Binance monthly fees to promote USDC via modular smart-wallet integration.
Trading restrictions will be phased in: spot trading for seven USDC pairs will end on September 25 at 03:00 UTC, while 12 cross-margin and isolated margin pairs will be removed three hours later. The affected tokens include AIXBT, DOLO, ENJ, HUMA, SXT, TNSR, TURTLE, MANTA, BANANA, SSV, NOM, STO, 1MBABYDOGE, and OPN. Isolated margin borrowing will be disabled beforehand, and remaining positions will be liquidated by Binance if not closed manually.
The assets themselves remain tradable, with users gaining continued access via USDT, FDUSD, and BTC trading pools. Margin traders and bot users have been urged to close their positions ahead of the deadlines to avoid automatic settlement.
EventDate/Time (UTC)ActionAffected Pairs/AssetsSpot trading haltsSept 25, 03:00DelistingAIXBT/USDC, DOLO/USDC, ENJ/USDC, HUMA/USDC, SXT/USDC, TNSR/USDC, TURTLE/USDCMargin trading terminatesSept 25, 06:00All pairs removedMANTA, BANANA, SSV, NOM, STO, 1MBABYDOGE, OPN (all vs USDC)Mini dictionary: Circle is a US-based financial technology company known for issuing the USDC stablecoin and developing blockchain-driven payments and treasury infrastructure for businesses and institutions.
Binance will delist 19 low-liquidity USDC pairs but trading for the assets will continue via other major pools such as USDT, FDUSD, and BTC. Users are advised to close margin and bot positions before the removal deadlines to avoid forced liquidation.
XRP’s decisive breakout, cleaner technicalsXRP, the token used by fintech company Ripple, broke out of a five-week symmetrical triangle pattern and jumped 5.5% during the week. The asset moved past $1.50, briefly testing resistance at $1.55 to $1.57, and remained steady in the $1.51–$1.54 range. This development reflected a market shift away from legal speculation tied to the SEC and CFTC, and back toward technical trading metrics.
Supported by Bitcoin’s momentum, XRP buyers surpassed a critical psychological threshold. Traders are monitoring the $1.55–$1.56 resistance, with a weekly close above signaling a firm uptrend and converting former resistance into a support level.
Technical analyst Peter Brandt, who leads The Factor Report, shared a chart projecting a long-term target of $5.40 for XRP but clarified that he currently owns only Bitcoin. Macro investor Raoul Pal noted that retail traders should focus on probabilities and solid technical analysis over assumptions of guaranteed profits.
XRP’s weekly close above $1.55 would confirm the bullish breakout scenario, reinforcing the market’s technical structure after weeks of uncertainty.
While a failed breakout could send the price back toward $1.40, the overall trend remains bullish unless a significant reversal takes place.
Shiba Inu struggles at 50-week moving averageShiba Inu (SHIB), a cryptocurrency inspired by the popular meme culture, saw its “Bull Combo” technical setup produce an 8.61% gain since formation. The pattern, which features bullish RSI divergence and a reclaim of the 23-week moving average, has stalled just below the 50-week MA near $0.0000064.
Despite exhausted sellers and renewed liquidity, SHIB could not yet surpass this resistance level. For upward momentum to continue, buyers must establish support above the 50-week MA.
The next technical hurdle is the 200-week moving average at $0.0000122, which has typically marked key reversal points for the token. Until a clear breakout occurs, large holders have accumulated an additional 468 million SHIB at the current bottom, seeking to capitalize if the trend resumes.
Mini dictionary: The Bull Combo technical setup refers to the simultaneous appearance of multiple bullish indicators on a price chart, such as a positive divergence in the Relative Strength Index (RSI) and the reclaiming of an important moving average, which together signal a potential upward trend.
Market watchers are waiting to see if bulls can reclaim the 50-week MA in the coming days, which would open the path to further gains or risk reducing the pattern to a routine rebound.
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The Shiba Inu community has received a new update on the ecosystem's layer 2 blockchain, Shibarium.
A longtime member of the Shiba Inu community, Mazrael, posted an update from Shiba Inu developer Kaal Dhairya on X, hinting at a Shibarium reorg and migration.
The update is a major step forward for the Layer-2 network as its infrastructure upgrade continues.
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Mazrael shared Kaal's message that the Shibarium reorg is now solved. Mazrael said the remaining step is for DRPC to complete the same transition in the new environment. "Moving forward," Mazrael added.
Update from Kaal on the Shibarium reorg/migration:
Kaal says reorg is solved. The remaining step is for DRPC to complete the same transition in the new environment.
Moving forward. pic.twitter.com/amuQxcCTPb
— Mazrael.shib (@Mazrael_shib) September 19, 2026 In late 2025, old public RPC endpoints connecting to Shibarium were shut down as part of a migration to a new, official, more stable, and decentralized RPC infrastructure.
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Further details on the Shibarium reorg and migration were not available at press time, with the Shiba Inu community watching its impact on the SHIB ecosystem and what comes next.
Shiba Inu and Shibarium receive quiet improvementsIn a September 15, 2026, X post, Mazrael informed Shibarium node operators of a peer rotation as new Bor static-nodes and Heimdall persistent_peers were published, with the old set now obsolete.
Mazrael noted the peer update to be a full rotation rather than an addition, with the new IPs entirely different from the previous set.
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Earlier, the Shibarium RPC listing was refreshed in the ethereum-lists/chains registry, with updated connection details made available on Chainlist. The update was necessitated after Shibarium migrated its public RPC in November 2025, and the entry was never updated, which has now been addressed.
Along similar lines of an upgrade to the Shiba Inu layer-2 network, the Shibarium explorer Shibariumscan reports an ongoing reindexing of the chain, with 53% of blocks currently indexed.
In a separate development but still within the Shiba Inu ecosystem, the official shib.io website and the ShibaSwap page were moved to Cloudflare on September 12, 2026, with IPv6 added to both, leaving the old host behind. Mazrael noted that Shiba Inu's official documentation at doc.shib.io was migrated as well.
Z adresy napojené na BitGo odešlo 125,33 miliardy SHIB do nově vytvořené peněženky, která zatím drží celý zůstatek. Současně SHIB za posledních 24 hodin opustilo burzy 160,06 miliardy tokenů.
An unlabeled blockchain address has withdrawn more than 125 billion Shiba Inu from a wallet affiliated with BitGo.
According to Arkham data, 125,334,083,223 (125.33 billion) Shiba Inu tokens, worth $678,060 at the time of the transaction, moved from the BitGo-affiliated address to a newly created wallet.
New Wallet Receives 125.33 Billion SHIB Arkham data shows that the receiving address had no prior on-chain activity before the transfer, suggesting that the wallet was newly created before receiving the massive SHIB transaction.
The wallet still holds the entire 125.33 billion SHIB in the hours leading up to press time. Although the owner’s identity and intentions remain unknown, moving such a substantial amount of SHIB away from an exchange could suggest an intention to hold the tokens rather than sell them immediately.
However, the transfer alone does not confirm a long-term holding strategy, as the owner could move the tokens to another address or exchange at any time.
Shiba Inu Whale Balance Withdrawal Reverses Recent SHIB Deposits The latest transaction stands out because BitGo has recently received several large SHIB transfers that fueled concerns about potential selling activity.
Earlier this month, an early Shiba Inu whale transferred 600 billion SHIB to the exchange. Several days later, another transfer involving 408 billion SHIB also reached BitGo.
Against this backdrop, the latest 125.33 billion SHIB withdrawal represents a reversal of the recent pattern of large SHIB transfers flowing into the exchange.
160 Billion SHIB Leaves Exchanges Meanwhile, the latest withdrawal comes as Shiba Inu records broader exchange outflows.
According to CryptoQuant data, 160.06 billion SHIB left exchanges over the past 24 hours. The figure reflects roughly 425.51 billion SHIB in withdrawals against 269.89 billion SHIB in deposits, resulting in a net outflow of about 160.06 billion SHIB.
Despite these recent withdrawals, exchanges still hold a substantial amount of SHIB. Approximately 87.25 trillion tokens remain on exchanges, representing around 14.8% of the cryptocurrency’s total supply. Consequently, a large amount of SHIB remains potentially available for trading or selling.
Shiba Inu Exchange Reserve Data SHIB Faces Top-30 Ranking Risk Meanwhile, Shiba Inu faces renewed pressure in the cryptocurrency rankings.
SHIB currently ranks 30th by market cap, with a market cap of approximately $3.04 billion. Bittensor (TAO), ranked 31st, has a market cap of about $2.86 billion, leaving only a relatively narrow gap between the two assets.
At press time, SHIB traded at $0.000005167, down 5.74% over the past 24 hours, while TAO has only fallen 2.91% in the same timeframe. Therefore, a continued decline in SHIB’s market value could put its position among the top 30 cryptocurrencies at risk.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
The amount of Shiba Inu's available supply has substantially decreased by multiple tens of millions of tokens after the network concluded a massive burn event on the last day.
Amid the consistently growing Shiba Inu network activity, the leading meme token has recorded a massive four-figure surge in its daily burn rate, according to data from Shibburn.
46.25 million SHIB faces permanent exitAlthough momentum surrounding the Shiba Inu price movement is beginning to slow as the price stalls slightly above the $0.0000052 mark, the latest on-chain data shows that the Shiba Inu supply is getting tighter.
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As of Tuesday, September 8, the data shows that a total of 46.25 million SHIB has been sent to dead or irretrievable wallets over the last 24 hours, driving a substantial 1,307% surge in its burn rate during the period.
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This massive burn activity has driven the SHIB weekly burn volume to surpass 126 million SHIB, worth about $678 at SHIB's current trading price.
Shiba Inu price slowsAlthough substantial increases in the Shiba Inu burn metric could provide a bullish signal for the asset, as they often indicate strong network growth, they do not directly influence its price movement.
It is important to note that large burn activities tend to reduce the amount of supply available for sale, boosting demand for the asset while improving its scarcity.
With the asset currently trading in the red, the divergence between its price movement and such a large burn activity is not extremely significant to market analysts, as the metric cannot solely drive a price increase for SHIB.
Japonsko zařadilo krypto aktiva pod FIEA, což otevírá cestu pro budoucí krypto ETF. SHIB má díky Green Listu a listingu na Mercari v Japonsku náskok. První zalistování ETF je podle odhadů nejdříve v roce 2027.
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Shiba Inu is gaining a stronger foothold in Japan amid a new regulatory framework that could eventually pave the way for crypto exchange-traded funds in the country.
Japan already has a massive ETF market, but it has yet to launch a cryptocurrency ETF. That could change after a major regulatory shift that moved crypto assets closer to the framework governing traditional financial markets.
According to longtime Shiba Inu community member Mazrael, on July 15, 2026, Japan's National Diet (its national legislature) moved crypto under the FIEA, the same law as stocks, opening a door for a crypto ETF in the country.
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Japan has a massive ETF market, just no crypto ETF yet.
The door did open though: on July 15 the Diet moved crypto under the FIEA, the same law as stocks.
That's the reclassification an ETF needs. FSA rulemaking still has to happen, so first listings are 2027 at the earliest… pic.twitter.com/4VSzyIfIw5
— Mazrael.shib (@Mazrael_shib) September 7, 2026 Japan reclassified cryptocurrencies as financial instruments, a structural shift that establishes the legal framework for separate taxation of crypto assets and for future crypto exchange-traded funds (ETFs). Mazrael noted that this is the reclassification an ETF needs, with a potential crypto ETF listing on the Tokyo Stock Exchange around 2027.
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Mazrael added that Japan's Financial Services Agency (FSA) rulemaking still has to happen, with first listings likely for 2027 at the earliest and Bitcoin going first.
Shiba Inu also stands a chance given its inclusion on the Green List. In November 2025, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) included Shiba Inu (SHIB) on its regulatory "Green List" along with BTC and ETH.
Mercari, Japan's largest marketplace with 23 million users, also listed Shiba Inu in June 2026.
SHIB gains head startMazrael summarized these developments, which give SHIB a head start in Japan's ETF race: "The Green List. Needed 8+ licensed JP exchanges when the bar is 3. Same tier as BTC and ETH, and gains drop from up to 55% tax to a flat 20%. Plus Mercari lists SHIB to 23 million users. 4 million crypto accounts there now, 85% opened by people who never traded before."
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He noted that eligibility remains the hard part, representing a hurdle for most crypto assets. "Eligibility first, ETF later," Mazrael stated.
As reported, Mazrael said that while SHIB does not have a dedicated spot ETF yet in the US, it remains "well on track," citing several developments including a European exchange-traded product, regulated access in Japan, and newly available futures exposure in Canada.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
There is no dedicated spot ETF for Shiba Inu in the United States yet, but while it waits for this milestone, it expands its footprint through a European exchange-traded product, regulated access in Japan, and newly available futures exposure in Canada.
Mazrael, a longstanding Shiba Inu community member, noted this fact in response to a question about the current status of a Shiba Inu ETF.
Good question. Where SHIB actually stands:
🇺🇸 US T. Rowe Price's TKNZ (NYSE Arca) was SEC-approved June 2026. Actively managed basket, 5–15 assets. SHIB is one of 18 named eligible assets in the July prospectus.
🇪🇺 Europe Valour SHIB ETP is live and tradeable: ticker 1VBS, ISIN…
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— Mazrael.shib (@Mazrael_shib) September 5, 2026 Mazrael said that while SHIB doesn't have an ETF yet, it is "well on track." He cited various developments as evidence that Shiba Inu is on the right road despite the lack of a dedicated ETF.
Shiba Inu well on trackMazrael highlighted that Shiba Inu was among eligible assets named in the prospectus of T. Rowe Price's TKNZ, which the SEC approved in June 2026. According to T. Rowe Price's S-1 filing, the ETF could hold several cryptocurrencies but will not hold all of these assets at once. Under normal circumstances, the ETF plans to maintain between five and fifteen crypto assets at a time, using an active management strategy rather than tracking a single token or passively following a benchmark.
The T. Rowe Price ETF launched with eight coins excluding SHIB: Bitcoin, Ethereum, BNB Chain, Solana, XRP, Chainlink, Dogecoin, and Cardano.
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In a separate development, Laser Digital Japan, the Japanese entity of Nomura's digital assets subsidiary, Laser Digital, announced in August that it had completed its registration and was authorized to operate as a crypto asset exchange service provider under Japan's Payment Services Act. The development could boost Shiba Inu's status in Japan, as it is among the six crypto assets listed by the exchange.
In Europe, Valour SHIB ETP has launched and is tradable. In another development, Coinbase introduced regulated crypto futures trading to eligible Canadian clients through its CFTC-registered futures arm. The offering includes 23 crypto futures contracts; among them is Shiba Inu (SHIB).
Mazrael sums up these developments, saying, "One live ETP in Europe, one approved US ETF that can hold it, regulated spot access in Japan. Doge got its dedicated spot ETFs first. SHIB's route in was the commodity classification. Oh, and futures that just opened in Canada. No ETF yet. But well on track."
Oficiální stránka pro sledování burnu na Shibariu se nenačítá, takže držitelé $SHIB ztratili přehled o klíčovém deflačním mechanismu. Není jasné, zda jde o technickou chybu, nebo změnu reportingu.
Burn Page Returns Error as Data Goes MissingThe official burn tracking page on Shibarium is currently failing to load, leaving $SHIB holders without visibility into one of the token's core deflationary mechanisms.
The contract address in question, ethereum:0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce, tracks tokens permanently removed from circulation. It remains unclear whether the outage reflects a technical fault or a broader reporting change.
How the Shibarium Burn Mechanism WorksToken burning sits at the centre of Shibarium's value proposition.
The Shiba Inu team later introduced ShibTorch to automate this process further.
Despite the mechanism running in the background, the scale challenge is significant.
The data outage comes at a sensitive moment for the project. Whether it is a temporary technical glitch or something more structural, the community is watching closely given how central burn reporting is to sentiment around $SHIB.
Sources:
Coin Turk: Shibarium burn data page fails to load
The Crypto Basic: Shibarium quietly burns hundreds of millions of SHIB
MEXC: What is SHIB burn and how it affects your investment
Velryba Shiba Inu přesunula téměř 600 miliard SHIB do BitGo po měsíci nečinnosti, což naznačuje možný prodej. Současně na burzy přitékalo čistě 189,18 miliardy SHIB za posledních 24 hodin.
An early Shiba Inu whale has resumed large-scale selling after a month of inactivity, moving nearly 600 billion SHIB worth $3.09 million.
According to Arkham data, the whale moved the tokens in two transactions. The whale first transferred 280 billion Shiba Inu tokens before sending another 320 billion SHIB in a separate transaction.
Notably, the whale sent both transfers to a Forwarder address associated with distribution activity, which subsequently moved the tokens to an address affiliated with BitGo. This transfer pattern suggests that the whale could be preparing the tokens for sale or exchange, potentially adding further selling pressure to SHIB.
Shiba Inu Whale Moves 600B SHIB Whale Bought 103 Trillion SHIB for $13,700 The whale’s history makes the latest transaction particularly significant. The address acquired 103 trillion SHIB in August 2020, around the time Shiba Inu launched. At the time, the whale spent just $13,700 to build the massive position, which represented 17.4% of SHIB’s total supply.
The investment later generated extraordinary gains. During SHIB’s all-time-high period in October 2021, the whale’s holdings reached a value of $9.1 billion.
Despite the enormous appreciation, the whale did not immediately liquidate its position. Instead, it sold only a portion of its holdings before becoming largely inactive for several years.
Dormant Whale Resumes SHIB Sales The whale has now returned to the market in 2026 and has gradually transferred portions of its enormous SHIB holdings.
Notably, the latest 600 billion SHIB movement follows a similar transfer previously linked to the same wallet. Before the latest transaction, the whale’s most recent SHIB sale occurred a month ago.
With these transactions included, the whale has sold approximately 10.06 trillion SHIB so far. Nevertheless, the whale still controls a substantial position. The address currently holds 93.27 trillion SHIB, worth around $485.94 million at a SHIB price of $0.0000052.
This means the whale could still exert significant influence on SHIB’s market dynamics if it continues moving large portions of its remaining holdings.
Whale SHIB Holding SHIB Exchange Inflows Signal Rising Distribution Meanwhile, the whale’s activity coincides with broader signs of increased SHIB distribution across exchanges.
According to CryptoQuant data, exchanges recorded a net inflow of 189.18 billion SHIB over the past 24 hours. In other words, wallets deposited more SHIB into trading platforms than they withdrew during the period.
Shiba Inu Exchage Flow Generally, investors transfer tokens to exchanges when they intend to sell, trade, or otherwise deploy their holdings. Therefore, sustained positive exchange netflows can indicate rising potential selling pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu long-time community member Mazrael highlighted the deployment of Safe v1.4.1 on the Shibarium network in a recent X post.
According to Mazrael, nine Safe contracts are now live and verified on Shibarium explorer Shibariumscan, while a corresponding pull request, 'safe-deployments PR#1666,' has been opened for the deployment registrations.
"Safe v1.4.1 (9 contracts) live + verified on Shibariumscan. Safe-deployments PR#1666 opened," Mazrael said in his X post, alongside a screenshot that outlined the nine contracts deployed and verified.
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Mazrael noted that Safe reviews canonical-deployment registrations on a two-week cadence with monthly releases.
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Safe is widely used as infrastructure for smart-account and multisignature wallet functionality. Its deployments can provide projects with established tooling for managing assets and executing transactions through multiple signers.
What's being added?According to a GitHub document, "Add Shibarium (chain 109) — Safe v1.4.1 canonical deployment," all nine Safe v1.4.1 contracts are now deployed on Shibarium mainnet at their canonical addresses via the Safe Singleton Factory (0x914d7Fec6aaC8cd542e72Bca78B30650d45643d7), and verified on the chain's block explorer.
Shibarium already has v1.3.0 registered through the eip155 deployment set, but PR #1666 adds v1.4.1 at the canonical addresses, which implies the 'SafeProxyFactory' is at the same address as on every other canonical chain, so Safes created on Shibarium share addresses with their counterparts on other networks. The existing v1.3.0 eip155 factory cannot provide that.
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In the context of deployed contracts, every address matches 'deployments.canonical.address' and each on-chain runtime 'keccak256(code)' matches the 'deployments.canonical.codeHash' published in the repository.
Shibarium not dead?As reported, Mazrael pushed back against claims that Shiba Inu layer-2 Shibarium is no longer functioning, saying the network remains operational. He noted that the Shibarium infrastructure is still being maintained and migrated, and the community is still operating around it.
In this light, Shibarium explorer Shibarium Scan is currently experiencing a reset with 50% of blocks indexed. As reported, Shibarium's explorer went behind Cloudflare on August 11, with an infrastructure migration following this outage.
Na burzy dorazilo 145,9 miliardy SHIB, což zvyšuje riziko prodeje a testu podpory 0,0000055 USD. Shiba Inu zároveň trápí slábnoucí příliv nového kapitálu.
Shiba Inu traded at $0.0000055 on Monday as the meme coin faced renewed selling pressure following the transfer of 145.9 billion SHIB tokens to exchanges on August 29, 2026. Analysts noted that large token inflows often precede a sell-off, although immediate liquidation is not guaranteed. The movement of such a considerable volume has raised concerns that Shiba Inu could retest its support floor in the days ahead.
Exchange inflows trigger uncertaintyMarket participants observed that the arrival of 145.9 billion SHIB on exchanges has heightened the risk of a downturn. While not every token deposited is instantly sold, the gradual process of exiting positions can still weigh heavily on price dynamics.
Many traders are closely watching the $0.0000055 zone, which could act as a critical support level if further selling occurs. The likelihood of a significant liquidation event has increased, especially given the scale of the recent token transfers.
Should a decline play out, Shiba Inu’s price may face further challenges unless buying interest emerges to counteract the selling pressure and help stabilize the coin around its current levels.
Stagnant inflows and fading investor interestRecent observations show that fresh capital inflows into Shiba Inu have slowed noticeably. First-time investor activity has tapered off, suggesting the project is experiencing diminished enthusiasm compared to its initial surge.
The meme token has trailed behind other assets for more than three years, with many traders shifting their focus to different projects in pursuit of better returns. As a result, those entering new positions in SHIB are contending with increased volatility and uncertainty.
The risk of a downturn is high, and an entry position into SHIB can prove hazardous. Inflows to exchanges don’t guarantee immediate sell-offs but signal a gradual process in hitting the exit button.
In parallel with these developments, traditional markets are undergoing a significant transformation as Wall Street embraces Web3 technology. Investors now utilize platforms such as 1stepSwap to hold tokenized real-world assets, including blue-chip stocks and precious metals, directly within their crypto wallets. By removing intermediaries and providing instant access to the best market prices, these platforms are facilitating a broader shift away from conventional brokers.
Challenges for recoveryShiba Inu’s potential for a rebound hinges on two main factors: renewed buying pressure and a substantial increase in token burns by Shibarium. Although the team had initially predicted that Shibarium would eliminate trillions of tokens annually, performance has not kept pace with expectations.
Since its launch in August 2023, Shibarium has removed just over 1 billion SHIB tokens—well below its marketed targets. As a result, market participants have struggled with long holding periods and ongoing losses, leading to a decline in trust and attention directed toward the token.
Shibarium has burned more than 1 billion SHIB tokens in the three years since its launch in August 2023. The scale is very minimal, compared to what it was marketed to do before its launch.
Many investors have held their SHIB holdings for nearly five years without reaching a break-even point, further eroding confidence in the meme coin’s prospects.
Neznámá adresa vybrala z OKX 280,8 miliardy SHIB, zatímco Shiba Inu se po víkendovém růstu blíží klíčové technické zóně. SHIB byl za 24 hodin výše o 1,7 %.
An unknown whale address has drawn attention in the Shiba Inu community after withdrawing more than 280 billion SHIB from cryptocurrency exchange OKX during the token’s recent rebound.
According to Arkham data, 280,826,574,058 Shiba Inu moved from an OKX hot wallet to an unlabeled address at 16:38 UTC yesterday. At the time, the tokens were worth $1.56 million.
Although Arkham labels the recipient as an unknown address, on-chain activity suggests that it is connected to Cumberland, a major digital-asset liquidity provider. The wallet initially received funding from Cumberland and has since recorded several transactions involving the firm.
However, the address has not retained the entire withdrawal. After distributing the tokens across several wallets, it now holds 14.29 billion SHIB, worth around $79,030.
SHIB Pulls Back After Strong Weekend Rally The large transfer comes as SHIB gives back part of its recent gains. Shiba Inu climbed above $0.000006 over the weekend and reached a high of $0.000006191 before retreating.
At press time, SHIB was trading around $0.000005507, up 1.7% over 24 hours and 24.73% over the past week. Meanwhile, exchange-flow data is providing another potentially bullish signal. Investors withdrew 137.60 billion SHIB from exchanges over the previous 24 hours, pushing total exchange reserves below 87 trillion tokens to 86.98 trillion SHIB.
Generally, large exchange outflows can reduce the amount of SHIB immediately available for trading and potentially ease selling pressure, with analysts considering the move a bullish signal.
SHIB Approaches Key Technical Decision Point Meanwhile, Shiba Inu is approaching an important technical area. Crypto analyst GainMuse highlighted a wedge formation on the two-hour chart, with support currently controlling the structure.
The setup features eight support levels and seven resistance levels, pointing to a closely contested market. Therefore, SHIB’s next reaction around the nearest technical level could determine its short-term direction.
A decisive breakout above resistance could strengthen the recent bullish momentum and pave the way for further gains. Conversely, a rejection at resistance followed by a breakdown below support could expose SHIB to deeper losses, with $0.000005 and $0.0000048 emerging as potential downside targets.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Poradce Shiba Inu Mazrael popřel fámy o obnovení projektu a varoval, že jde o podvodné snahy zmást komunitu. Zároveň vyzval k opatrnosti kvůli falešným odkazům a zprávám o migraci.
Shiba Eternity advisor and long-time Shiba Inu community member Mazrael addressed recent speculation regarding a potential restart of the Shiba Inu project, firmly dismissing such rumors as untrue.
The speculation gained traction after X user RuggRat claimed that Shiba Inu could be undergoing not only a change in direction but a complete restart. RuggRat referenced a proposal discussed in a community forum, alleging it could signal a total break from the current project roadmap.
According to RuggRat’s post, the proposal suggested detaching the Shiba Inu ecosystem from elements still managed by previous leadership. Specific measures cited included moving away from the existing infrastructure, migrating to a different blockchain, building a new ShibaSwap platform, and steering clear of the Shib.io website due to lingering control by the former team. The post also mentioned considering the removal of Zama, an advanced cryptography protocol, from the project’s future plans, as well as a potential reevaluation of tokens such as BONE, LEASH, and TREAT, and a comprehensive overhaul of governance and community systems.
Mini dictionary: Zama is a company specializing in cryptographic protocols, developing solutions for privacy and confidentiality in blockchain applications using fully homomorphic encryption.
The post implied that this would mark a clear shift away from a near-term vision based on Shibarium, Shiba Inu’s Layer 2 blockchain, as well as confidentiality features provided by Zama and the established structure supported by many holders.
Advisor Denounces False Claims and Highlights Scam RisksRuggRat also included a link to a page titled ‘Shiba DAO,’ which carried a warning stating the content may be linked to scams or malicious activity. Additional users flagged the proposed ‘reconstruction’ as a potential scam.
Mazrael quickly responded to these claims, calling attention to the deliberate spread of misinformation. In a direct reply to RuggRat’s post, Mazrael wrote,
“Funny how you keep this up knowing it’s fake.”
He further underscored that attempts to promote a so-called project restart are false and intended to deceive the community. Another user echoed this sentiment, referring to the ‘reconstruction’ claims as a clear scam effort. Mazrael emphasized that the posts were an orchestrated effort to mislead the Shiba Inu supporter base.
This situation comes amid a period of heightened caution within the Shiba Inu ecosystem. There has been a rise in scam activity, particularly around false migration information distributed via Telegram channels. Scammers have reportedly posted misleading migration messages after muting and banning project developers from these channels.
Mazrael identified specific malicious actors as the originators of the fake migration claims and the false restart proposal, clarifying that these individuals have no connection to ShibaSwap, Shibarium, or related project developments, including Zama’s technology.
He reiterated that these individuals “have nothing to do with ShibaSwap or Shibarium and much less with Zama.”
Shiba Inu community members are urged to remain vigilant, refrain from visiting unofficial websites or opening suspicious links, and take necessary precautions to protect their funds from potential theft attempts.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
SHIB získal v Japonsku další podporu: Laser Digital Japan, spojená s Nomurou, ho zařadí mezi prvních šest obchodovaných aktiv. Firma je nově registrovaná jako poskytovatel služeb směny kryptoaktiv.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In a recent post, Shiba Inu community member Kuro highlights a recent development in Japan that has the potential to boost Shiba Inu's status in the country.
According to Kuro, a new registration of a Japanese crypto asset exchange operator has occurred for the first time in four years.
— KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) August 22, 2026 Laser Digital Japan, the Japanese entity of Nomura's digital assets subsidiary, Laser Digital, announced Friday that it has completed its registration and is now authorized to operate as a crypto asset exchange service provider under Japan's Payment Services Act.
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Laser Digital's registration marks the newest entry into Japan's crypto asset industry since 2022, following a four-year hiatus in new approvals.
Within these four years, Japan has introduced major regulatory reforms, including around stablecoins, and institutional investors have increasingly come to view digital assets as an important diversification tool.
SHIB gains major Japan boostKuro highlighted the significance of this development to SHIB: Shiba Inu is one of the six tokens that will be handled first. Others include BTC, ETH, XRP, BCH, and LTC.
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Laser Digital indicated that it will initially serve to enhance liquidity across the domestic market for local VASPs, while future services will include offering institutional investors trading opportunities for digital assets.
"SHIB in Japan's crypto asset infrastructure for institutional investors. At this point, it's safe to say SHIB holds a special status in Japan," Kuro reacted.
Details regarding the launch date and scope of Laser Digital's services are expected to be announced later.
Shiba Inu (SHIB) was added to the Japan Virtual and Crypto Assets Exchange Association (JVCEA)'s regulatory "Green List" in November 2025, boosting its status in the country.
In April this year, Japanese crypto exchange Rakuten Wallet listed Shiba Inu, enabling users to trade SHIB against the yen and convert Rakuten Points.
At the time of writing, SHIB was up 2.92% in the last 24 hours to $0.00000545 and up 20% weekly.
Poradce hry Shiba Eternity a dlouholetý člen komunity Mazrael varoval před falešnými oznámeními o migraci na Telegramu a uvedl, že nyní neprobíhá žádná migrace. Podvodné zprávy cílí na držitele SHIB, BONE, LEASH a TREAT.
Scammers have been spreading false information about token migrations within the Shiba Inu ecosystem, prompting warnings from Shiba Eternity game advisor and long-standing community member Mazrael. The alerts come as fraudulent narratives begin circulating on Telegram channels, targeting holders of SHIB, BONE, LEASH, and TREAT tokens.
Warning over fraudulent migration claimsMazrael, who plays a key advisory role in the official Shiba Inu mobile game, stated that individuals are using Telegram to mislead community members about supposed token migrations. He highlighted one specific account with the alias ‘someonesmart’ for broadcasting a fake migration campaign across multiple Telegram groups, including those dedicated to Bone ShibaSwap and Shibarium.
The scammer reportedly posted unauthorized links and group invitations in official community channels, muting moderators and banning developers to prevent them from addressing the fraudulent messages immediately. Mazrael made it clear that these groups and messages have no connection with ShibaSwap or the Shibarium project.
Mazrael emphasized that the group promoted by ‘someonesmart’ had “nothing to do with ShibaSwap or Shibarium,” warning users to avoid any migration claims from unofficial sources.
He further clarified that, as of now, “No migration is taking place,” and reminded users planning to stake BONE on Shibarium or interact with ShibaSwap to use only the real tokens and avoid offers of supposed replacement tokens.
Official guidance and token safetyCommunity leaders are encouraging participants to rely solely on official channels and the legitimate tokens within the Shiba Inu ecosystem. These tokens include SHIB, BONE, LEASH, and TREAT. Users are advised to remain skeptical of any request involving unfamiliar contracts, swapping tokens due to supposed migrations, or moving assets to new addresses unless such actions are directly confirmed by official Shiba Inu sources.
“If you want to stake your BONE on Shibarium or use your real tokens on ShibaSwap, you use the real tokens,” Mazrael stated, reinforcing that no migration or token replacement is currently legitimate.
LEASH contract upgrade underwaySeparately, the development team is preparing for a planned migration of the LEASH token following the identification of a technical flaw in its original code. This vulnerability affected the token’s fixed-supply feature, raising concerns that supply could be changed through a rebase mechanism, even though developers had previously stated the contract keys had been burned.
After addressing the issue, developers confirmed that the new LEASH v2 contract cannot mint additional tokens under any circumstance. The entire supply of the v2 token has already been secured in a multisignature wallet, awaiting distribution.
The team explained that when the migration process begins, holders of the original LEASH (v1) will have their tokens locked or burned, while v2 tokens will be issued from the multisig wallet according to each investor’s holdings. However, the official date for this migration is yet to be announced, and no action is required from holders at this time.
Mini dictionary: Multisignature wallet, a type of cryptocurrency wallet that requires more than one private key to authorize a transaction, offering additional security by distributing control among multiple parties.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Na Shibarium za 30 dní vzrostly poplatky o 79,5 % na 22,10 USD a TVL vyskočilo o 298 % na 97 453 USD. Aktivita v ekosystému SHIB tak roste rychleji než samotná cena SHIB.
Shibarium metrics surge even as SHIB price lagsShiba Inu's $SHIB token is trading at approximately $0.00000443, up around 7% over the past month but still a long way from the all-time highs set in October 2021. Price alone, however, is not the full story right now. The more notable movement is happening on Shibarium, the Layer 2 network built to scale the Shiba Inu ecosystem.
Over the past 30 days, on-chain fees on Shibarium have risen 79.5%, reaching $22.10. More strikingly, total value locked (TVL) on the protocol has jumped 298% over the same period, including a 287% increase in just one week, bringing TVL to $97,453. The figures come from DeFiLlama, one of the primary trackers for decentralised finance data across blockchain networks.
Context matters: a small but accelerating baseThe absolute numbers remain modest. For context, a recent report from The Crypto Basic noted that Shibarium's TVL stood at $25,273 as recently as August 10 , which makes the move to nearly $97,500 within days a meaningful percentage gain even if the overall pool is still small. Separate data from Coin-Turk, published August 15, put Shibarium's TVL at $102,324 , broadly consistent with the upward trend shown in DeFiLlama's figures.
Activity on the transaction side has also picked up. On August 9, Shibarium processed around 4,480 transactions, a 507% jump from the lows recorded just days earlier , with blockchain trackers flagging it as a one-month high. Data from Shibariumscan shows the Layer 2 network has now processed 1.56 billion transactions since launching in August 2023, across roughly 269.93 million recorded addresses.
Analysts caution against reading too much into short-term spikes. Single-day surges can be inflated by bots, high-frequency wallets, or temporary programmes that dry up as quickly as they appear. The percentage gains on TVL and fees are also amplified by the small starting base. Still, the direction of travel across multiple metrics, fees, TVL, and transaction counts, points to rising engagement with the Shibarium ecosystem over recent weeks, even if the network remains a fraction of the size of leading Layer 2 platforms.
Shibarium uses BONE as its gas token, tying network activity directly to BONE demand for transaction fees. SHIB itself does not function as the gas currency, meaning the token's utility is more indirect, linked to broader ecosystem participation and any burn dynamics that follow from network usage.
Whether the current momentum can be sustained remains to be seen, but the data suggests on-chain activity and capital flowing into Shibarium are growing at a faster pace than the token price alone would imply.
Sources:
DeFiLlama: Shibarium chain data
The Crypto Basic: Shibarium transactions surge 507%
Coin-Turk: Shibarium DEX volume and TVL, August 2026
Shiba Inu (SHIB) za posledních 24 hodin zaznamenal 14,86% nárůst objemu transakcí, zatímco velcí držitelé stahovali miliardy SHIB z burz do cold walletů.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Over the past 24 hours, Shiba Inu (SHIB) on-chain activity recorded a sharp 14.86% surge in transfer volume, coinciding with a local drop in the token's price to $0.00000442.
Fresh data from CryptoQuant and Etherscan show that while retail investors watch the price decline, the largest holders are using this moment to withdraw billions of SHIB from trading platforms en masse.
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Blockchain metrics paint a rather anomalous picture: while daily growth in new wallets on the network is virtually zero (+0.004%), the volume of transferred tokens has surged, while the number of transactions itself has remained at its baseline level.
Daily transfer dynamics of Shiba Inu (SHIB) coin, Source: EtherscanThis means that it was not millions of small sums moving through the network, but several enormous, undivided blocks of capital.
How 740 major players are emptying SHIB exchange order booksThe reason for this dynamic is that Shiba Inu is extremely centralized: just 740 whale wallets control a colossal 94.57% of the coin's entire circulating supply. At the same time, nearly one million small investors with balances of up to $10 collectively own just 0.05% of the SHIB supply.
Retail addresses are practically incapable of moving the network's overall metrics by even one percentage point.
The on-chain trail of this activity leads to the largest liquidity hubs — the internal addresses of Robinhood, which holds 3.92% of the supply, Binance with 3.45% and Crypto.com with 2.75%.
CryptoQuant's Exchange Netflow chart clarifies the motive behind these movements: deep outflows from trading platforms were recorded on Aug. 17 and 18, with the net exchange balance falling by roughly 46.7 billion SHIB at the beginning of current week alone.
Total Shiba Inu (SHIB) exchange netflow, Source: CryptoQuant You Might Also Like
Large players are not transferring tokens to exchanges to sell them. On the contrary, they are removing supply from the market by moving billions of SHIB to cold wallets.
For the millions of small investors, this surge in transfers has yet to become a signal for the start of a retail rally.
However, the network has sent a clear signal: the 740 whales that fully control this asset are methodically buying up the supply and moving tokens off the market, possibly laying the groundwork for a breakout from the prolonged sideways trend.
UEX.US zalistovala Shiba Inu (SHIB) a otevřela obchodování proti USDT i nákup přes PayPal, bankovní převod a kartu. Současně SHIB drží support u $0.0000043 a obchoduje se kolem $0.000004461.
Crypto exchange UEX.US has announced the listing of Shiba Inu (SHIB), giving users another avenue to trade and access financial services tied to the meme coin.
According to the exchange, users can now trade Shiba Inu against USDT and other major assets. In addition, they can purchase the token through PayPal, bank wire transfers, or card payments.
Moreover, UEX.US has introduced a 4.5% APY Savings Rewards rate for SHIB from the first day. The platform also allows users to borrow up to 90% of their SHIB holdings without selling their tokens.
The listing expands SHIB’s reach among exchange users and adds another trading venue for the asset. Notably, the announcement comes about a week after Australian-based exchange FrameEx listed SHIB, after which the token briefly climbed to $0.00001004.
SHIB Shows Signs of a Modest Recovery Meanwhile, SHIB is showing signs of recovery after finding support around $0.0000043 earlier this week. It is currently trading at $0.000004461, while several market indicators pointed to improving sentiment.
For instance, Santiment’s Social Dominance metric has recovered since August 16, reaching 0.016% at press time. This increase suggests that SHIB-related discussions are gaining prominence across cryptocurrency conversations.
Shiba Inu Social Dominance Chart Derivatives data also offers a more constructive outlook. CoinGlass data showed SHIB’s long-to-short ratio at 1.01. Since the ratio sits slightly above one, long positions marginally outnumber short positions, indicating that traders are becoming more optimistic about SHIB’s near-term direction.
Furthermore, SHIB’s funding rate turned positive on Tuesday and climbed to 0.0087% on Wednesday. Positive funding generally means traders holding long positions are paying those holding shorts, signaling stronger demand for bullish exposure.
SHIB funding rates chart $0.0000043 Support Remains Critical From a technical perspective, SHIB’s ability to hold above $0.0000043 could determine whether its latest recovery develops into a stronger rebound.
The token retested this support zone yesterday and attracted buyers around the level. It subsequently moved back above $0.0000044, suggesting that selling pressure may be easing. If SHIB continues to hold $0.0000043, its next potential target is the 50-day Exponential Moving Average (EMA), currently around $0.0000046.
Momentum indicators also provide some encouragement. The Relative Strength Index (RSI) stood near the neutral 50 level at 46, indicating that bearish momentum is weakening without yet confirming a strong bullish reversal. Meanwhile, the MACD’s declining red histogram bars point to fading downside momentum.
SHIB/USDT daily chart However, the recovery remains vulnerable. A daily close below $0.0000043 could invalidate the immediate bullish setup and expose SHIB to further losses towards the psychological $0.0000040 level.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu byl nově zalistován na australské burze FameEX a krátce vystřelil na 0,00001004 USD. Zároveň ho lze nově utrácet v obchodech Dubai Duty Free.
Shiba Inu (SHIB), a meme-inspired cryptocurrency recognized for its vibrant online community, was recently listed on the Australian exchange FameEX. Following this development, SHIB’s price briefly surged to $0.00001004 on the platform, reflecting renewed market interest.
New Listings and International ExpansionFameEX, a digital asset trading platform based in Australia, added Shiba Inu to its list of tradable tokens, expanding SHIB’s accessibility to a broader investor base in the Asia-Pacific region. Soon after this listing, the cryptocurrency experienced a noticeable rally.
Additionally, Shiba Inu users can now spend the token at Dubai Duty Free airport stores, further extending SHIB’s use beyond online trading. This marks a significant move towards real-world adoption, especially within a prominent global travel hub like Dubai.
Mini dictionary: FameEX, an Australian cryptocurrency exchange that offers trading services for various digital assets, aims to expand crypto adoption in the Oceania and Asia-Pacific markets.
Market Performance and Investor SentimentDespite renewed attention, Shiba Inu has faced persistent challenges over the past 18 months. The token peaked at $0.000032 in December 2024 but has since been on a downward trend, missing the strong momentum seen in leading cryptocurrencies like Bitcoin, Ethereum, and XRP during the 2025 market rally.
Analysts tie SHIB’s underperformance to its reputation as a memecoin, which typically carries higher risk than other digital assets. Investor risk appetite remains subdued, limiting positive price action for speculative tokens like SHIB.
Shiba Inu initially achieved spectacular gains, rallying by several million percent in the months after its August 2020 launch. However, interest and enthusiasm for memecoins have cooled considerably, and the online hype that once fueled SHIB’s rise has declined.
While Shiba Inu benefited from a record-breaking launch, enthusiasm has faded, leading to lower demand and lackluster market performance compared to other major cryptocurrencies.
Prospects for Future GrowthThe recent Australian listing and Dubai retail useability signal growing support for SHIB and may provide additional exposure among new users. However, many market observers remain cautious about the token’s ability to sustain upward momentum without improvement in broader crypto market conditions.
Current retail sentiment toward meme-inspired tokens is wary, and any significant price breakout for SHIB may depend on a general recovery in the digital asset sector, particularly if Bitcoin and other major cryptocurrencies return to stronger performance levels.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu layer 2 blockchain Shibarium stays quiet, but its role in the Shiba Inu ecosystem continues to extend beyond transaction activity, Shiba Inu long-time community member Mazrael noted in a recent X reply.
According to Mazrael, Shibarium continues to burn SHIB, powering ShibTorch, an automated token burning portal for Shibarium which converts transaction base fees collected in BONE into SHIB, permanently removing tokens from circulation to reduce supply and control inflation.
Mazrael noted a few hundred million SHIB were burned in ShibTorch over the last couple of weeks despite the relative quietness on Shibarium, adding that "don't need to be noisy to still run."
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it's still shibarium gas shibarium still powers the shibtorch. A few hundred millions Shib burned in it last couple weeks. don't need to be noisy to still run.
— Mazrael.shib (@Mazrael_shib) August 15, 2026 The Shiba Inu community veteran was responding to an X user who asked whether BONE was still relevant. Mazrael responded that the BONE token remains Shibarium's gas and it contributes to burns on ShibTorch.
Shiba Inu daily burn rate surges 2,842%Shiba Inu is making progress in reducing its total supply, as the SHIB burn rate has increased by a staggering 2,842% over the last 24 hours, with a massive 113.63 million SHIB tokens permanently removed from circulation by being sent to dead wallets.
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According to the Shibburn website, 113.63 million SHIB have been burned in the last 24 hours, representing a 2,842% surge in daily burn rate. 147.05 million SHIB have been burned in the past seven days, a 579% increase in weekly burn rate.
The latest burn activity represents one of the biggest single-day burns of SHIB supply over the last few weeks, showing the strong backing from the community. The on-chain holder base of Shiba Inu has also been growing, with the number of holders at 1,678,912.
According to the latest update by Etherscan's SHIB X account, SHIB recorded 98 new holders in the past day, continuing a steady growth in its on-chain community. SHIB has added 728 holders so far in August. Since the beginning of 2026, the token has gained 130,282 holders, according to the figures shared.
Shiba Inu’s layer 2 blockchain, Shibarium, has remained relatively quiet, but its significance within the broader ecosystem is expanding, according to long-standing community member Mazrael. Despite subdued levels of transaction activity, Shibarium continues to play a critical role in the project’s long-term supply strategy.
Shibarium’s ongoing SHIB burn mechanismMazrael emphasized that Shibarium maintains a steady rate of SHIB token burns through ShibTorch, an automated portal that converts transaction base fees collected in BONE into SHIB. Afterward, these tokens are permanently removed from circulation, contributing to supply reduction and potentially supporting the value of SHIB by helping control inflation.
In recent weeks, a few hundred million SHIB have been burned via ShibTorch, despite the platform’s quiet operational profile. Mazrael commented that activity does not need to be highly visible to have substantial impact within the ecosystem.
Despite low transaction noise, several hundred million SHIB have been burned through ShibTorch in the last few weeks, demonstrating that “you don’t need to be noisy to still run.”
Shibarium is a layer 2 blockchain designed to improve scalability and lower transaction costs within the Shiba Inu ecosystem. The network uses BONE as its native gas token, which not only powers transactions but also feeds into automated burning routines for SHIB.
Mini dictionary: ShibTorch, an automated burning portal on Shibarium, facilitates the permanent removal of SHIB tokens from circulation by converting BONE transaction fees into SHIB and sending them to unrecoverable “dead wallets.”
Burn rate surges and holder growthAccording to the Shibburn platform, Shiba Inu has observed a dramatic spike in burning activity within the last day. The SHIB burn rate soared by 2,842% over the previous 24 hours, with 113.63 million SHIB tokens permanently taken out of circulation by being sent to dead wallets.
Comparing longer timeframes, the past seven days saw 147.05 million SHIB burned, which marks a 579% increase in the weekly burn rate. These sizable burns highlight a renewed push by the community and ecosystem mechanisms to manage SHIB’s total supply actively.
PeriodSHIB BurnedBurn Rate ChangeLast 24 hours113.63 million+2,842%Last 7 days147.05 million+579%The latest burning activity counts as one of the largest single-day reductions in SHIB’s circulating supply over the past several weeks. This trend is reinforced by strong and consistent participation from the Shiba Inu community.
Steady rise in SHIB holdersAlongside rising burn rates, Shiba Inu’s on-chain holder base continues to expand. Data from Etherscan’s SHIB X account indicates 98 new SHIB holders joined in the last 24 hours alone. August has so far seen an increase of 728 holders, while since the start of 2026, 130,282 additional wallets have acquired SHIB, bringing the total holder count to 1,678,912.
This steady growth in holders underlines increasing interest in the Shiba Inu ecosystem and ongoing community support.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Shibariumscan dočasně ukázal pokles počtu transakcí na Shibariu z 1 561 410 803 na 475 388 775, ale šlo o problém s indexací exploreru. Síť podle článku data neztratila a explorer je zhruba z 42 % doindexovaný.
The Shiba Inu community was caught off guard after Shibariumscan displayed a dramatic decline in Shibarium’s cumulative network statistics.
As of August 10, 2026, Shibariumscan showed that Shibarium, Shiba Inu’s Layer-2 blockchain, had processed 1,561,410,803 (1.56 billion) transactions since its launch in August 2023. The network had recorded about 269.93 million addresses and 18.47 million blocks at the time of that reporting.
However, those figures changed dramatically this week. At press time, Shibariumscan showed just 475,388,775 transactions, representing a 69.55% decline from the previously reported figure.
Meanwhile, the explorer also recorded sharp declines in other cumulative metrics. Total addresses fell to 71.3 million, while total blocks dropped to around 7.91 million.
Shiba Inu Activity Crashes on Shibariumscan Notably, the sudden decline sparked concern among Shiba Inu community members. Many questioned whether Shibarium had experienced a major technical problem or whether the network had somehow lost a significant portion of its historical transaction data.
Main Cause of the Decline However, the dramatic drop appears to stem from Shibariumscan’s indexing process rather than an actual loss of blockchain activity.
Longtime Shiba Inu community member Mazrael provided insight into the situation through an X post. In an August 12 update, he revealed that Shibariumscan had returned online and resumed indexing the Shibarium blockchain.
According to Mazrael, the outage occurred after Shibariumscan moved behind Cloudflare, which triggered a DNS change. Specifically, the configuration shifted from direct Hetzner hosting to Cloudflare proxying.
Furthermore, Mazrael noted that the restored website initially appeared as a basic deployment without its original Shibarium branding and configuration. This suggested that the explorer was still undergoing restoration and synchronization.
Mazrael also linked a registrar-related change observed on August 11 at 19:15 to the same restoration operation. He explained that the Shibarium domain remained healthy and was not facing an expiration problem. The domain is set to expire on August 1, 2027, while all four transfer locks remain enabled.
Shibariumscan Is Still Rebuilding Its Data Meanwhile, Shibariumscan has not finished indexing the Shibarium blockchain. The explorer is currently around 42% indexed, meaning a significant portion of the network’s historical data has yet to be processed and reflected in its displayed statistics.
Consequently, Shibariumscan currently reports 475 million transactions, compared with the 1.56 billion transactions it displayed before the outage.
Shibariumscan Still Indexing As Shibariumscan continues indexing the blockchain, its cumulative statistics should gradually increase. Once the indexing process reaches 100%, the transaction count is expected to return to approximately 1.56 billion. Similarly, the total address and block counts should move back toward their previous levels of roughly 269 million addresses and 18 million blocks. However, it remains uncertain when Shibariumscan will complete the indexing.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Oficiální účet Shiba Inu na X vyvolal podezření na napadení poté, co začal sledovat nízkonákladový meme coin a komentoval jeho příspěvek. Komunita varuje, že nové příspěvky, airdropy i odkazy mohou být podvodné.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The official X account of the Shiba Inu (SHIB) cryptocurrency project has become the subject of an increasingly heated debate over a possible security compromise.
Concerns were triggered by highly suspicious activity from the profile, which unexpectedly followed the page of an unaffiliated low-cap meme coin and left a public comment under one of its recent posts.
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One of the notable SHIB community figures, "@shibarium_", drew market participants' attention to the critical situation by issuing an emergency warning, or "community alarm." The alert explicitly claimed that the "@Shibtoken" account had been compromised and could no longer be considered a safe, official source of information.
"Shibarium_" issues a warning for Shiba Inu (SHIB) holders and investors regarding official X account of the project, Source: X.comUsers were strongly advised to treat any new posts, upcoming airdrops, or links published by the profile as high-risk, potentially fraudulent promotions. According to the warning, this incident aligns with prior reports in which the main account was seen promoting unrelated, low-liquidity assets, raising ongoing systemic concerns.
Sophisticated hack or SMM blunder?There is currently no consensus within the Shiba Inu community about the root cause. Some members suspect a sophisticated technical hack, a targeted SIM-swap attack, or a leaked database containing the social media team's account credentials.
Others believe the activity may simply be part of an unofficial marketing campaign or a severe internal SMM blunder.
However, verified channels belonging to decentralized Web3 projects of this scale rarely engage in public interactions with speculative, micro-cap digital assets without structured prior announcements.
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Shiba Inu officials and core developers have not yet issued any formal press releases or statements confirming or denying that the account was hacked.
Amid the ongoing uncertainty, investors are better to bypass social media channels entirely, verify transaction details directly on the blockchain, and carefully cross-reference them against verified token credentials on the Ethereum network.
Shiba Inu experienced extreme volatility on Australian-based crypto exchange FameEX, briefly soaring to $0.00001004 shortly after its listing on the platform.
Shiba Inu secured a new spot listing on FameEX, giving the meme token access to another trading venue. The exchange announced that it had added SHIB alongside UNUS SED LEO (LEO), with spot trading for the SHIB/USDT and LEO/USDT pairs opening at 10:00 UTC on August 11, 2026.
At the same time, FameEX enabled SHIB deposits and withdrawals, allowing users to transfer the token to and from the exchange.
FameEX described Shiba Inu as a decentralized, community-driven meme token launched on Ethereum in 2020. The exchange also highlighted the broader Shiba Inu ecosystem, including Shibarium and ShibaSwap, as well as companion tokens such as LEASH and BONE.
FameEX is headquartered and registered in Parramatta, New South Wales, Australia, and also operates regional hubs, including an office in Dubai.
SHIB Briefly Surges to $0.00001004 Following the listing, SHIB experienced significant volatility on FameEX. The token briefly surged to $0.00001004, marking a sharp move from its prevailing market price.
The spike appears to have been driven primarily by thin liquidity and heightened volatility surrounding the newly launched trading pair. However, the surge was short-lived. After reaching $0.00001004, SHIB quickly reversed and fell to a low of $0.00000442 on FameEX.
According to FameEX data, SHIB was trading around $0.00000445, representing a 55.48% decline over 24 hours on the exchange. Meanwhile, the token recorded $430,240 in 24-hour trading volume on FameEX.
Shiba Inu Performance on FameEx SHIB Returns Briefly to the Four-Zero Range The brief move to $0.00001004 stands out because SHIB had not traded around the $0.00001 level since January 5, 2026. Since then, the token has suffered a substantial decline, making its temporary return to the $0.00001 region on FameEX notable despite the sharp reversal that followed.
Meanwhile, broader market weakness continues to weigh on Shiba Inu. SHIB has dipped 8.81% over the past seven days and 1.13% over the past 24 hours.
Although SHIB recently climbed as high as 25th in the global cryptocurrency rankings, it has since slipped to 30th. At press time, SHIB carried a market valuation of $2.62 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Robinhood rozšířil krypto služby do Spojeného království a umožní tamním zákazníkům obchodovat i Shiba Inu (SHIB) přímo v aplikaci. Služba má být bez obchodních, správcovských i custody poplatků.
Robinhood has expanded its cryptocurrency trading services to the United Kingdom, creating another potential avenue for Shiba Inu (SHIB) adoption among UK investors.
The trading platform announced the launch on Monday, August 10, 2026, confirming that eligible UK customers can now trade cryptocurrencies like Shiba Inu directly through the Robinhood app, alongside stocks and shares ISAs, equities, options, and futures.
Notably, Robinhood will provide the service through Bitstamp, the UK-registered crypto-asset service provider it acquired in 2024.
Robinhood Launches Zero-Fee Crypto Trading in the UK Robinhood said its UK crypto service will offer zero-trading fees, while customers will also avoid account maintenance and custody fees. The company positioned the service as a low-cost alternative to traditional UK crypto platforms, particularly those that rely on complex pricing structures and wider spreads.
The rollout will initially reach eligible UK customers this week and will provide access to more than 50 cryptocurrencies. The lineup includes major assets such as Bitcoin (BTC), Ethereum (ETH), XRP, and Hyperliquid (HYPE).
Robinhood’s Support for SHIB More importantly for the Shiba Inu community, Robinhood’s broader cryptocurrency ecosystem already supports SHIB alongside other popular assets, including Cardano (ADA), Solana (SOL), Avalanche (AVAX), and Dogecoin (DOGE).
Meanwhile, Robinhood remains a major platform for SHIB trading, with substantial amounts of the meme coin flowing through its ecosystem. The platform has also featured in notable on-chain transactions involving Shiba Inu.
For example, an investor transferred 210 billion SHIB to Robinhood, highlighting the scale of capital that can move through the platform. Furthermore, a Robinhood-associated address ranks among the largest single holders of SHIB. According to Etherscan data, the address holds 39.27 trillion SHIB, representing about 3.92% of the token’s total supply.
Robinhood Shiba Inu holdings UK Expansion Could Broaden SHIB’s Reach Robinhood’s UK expansion could benefit Shiba Inu by giving more retail investors direct access to SHIB through a widely used, all-in-one investment platform.
The timing also appears significant because the UK’s cryptocurrency regulatory framework is undergoing major changes. In June, the Financial Conduct Authority (FCA) finalized a package of rules for the crypto sector covering areas such as financial resilience and market conduct.
At the same time, the FCA’s 2025 consumer research showed that 8% of UK adults owned crypto-assets, down from 12% in the previous year’s research. However, crypto ownership remains widespread enough to represent a substantial potential market for platforms offering regulated access to digital assets. Crypto awareness also remained extremely high at 91% of the population.
Moreover, the FCA found that 73% of crypto users acquired their assets through centralized exchanges. This figure could be particularly relevant to SHIB because Robinhood’s expansion gives UK investors another centralized platform through which they can access the token.
Consequently, Robinhood’s UK launch could strengthen SHIB’s visibility in a market where crypto awareness remains high and centralized exchanges continue to play a dominant role in asset acquisition. Robinhood’s expansion also follows its registration with the FCA, strengthening the company’s regulatory footing as it grows its digital-asset operations in the UK.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu faced a sharp decline in its daily token burn rate as only $7 worth of SHIB was removed from circulation over the past 24 hours, according to data from Shibburn. This represents a significant drop from recent periods, highlighting waning burn activity after a recent surge.
Burn Rate Fluctuations and Major ContributorsThe recent daily burn amounted to 1.38 million SHIB, substantially less than the figure recorded the day before last. The daily burn rate consequently fell by 87.63%, marking a reversal from the previous day’s increase of 706%, when the total burn reached 17,464,058 SHIB.
Over the past seven days, 315.80 million SHIB have been burned, pushing the weekly burn rate down by 69.94%. However, the monthly dynamics paint a different picture. In the last 30 days, the total burn soared 1,351% compared with previous periods, totaling 3.47 billion SHIB removed from circulation.
WoofSwap has played a dominant role in recent burn activity, sending 3,081,392,109 SHIB to dead wallets in the past month. Robinhood followed as the second-largest contributor, burning 154,315,629 SHIB during the same timeframe.
Throughout its history, Shiba Inu has seen 410,843,687,208,931 SHIB burned out of the original 1 quadrillion supply, distributed across 21,473 separate transactions.
Market Reaction and Derivatives DataThe decline in the SHIB burn rate has coincided with a price retreat. Shiba Inu dropped 3.35% in the last 24 hours amid mixed action in the broader cryptocurrency market. Most major coins showed little direction, contributing to a subdued trading atmosphere.
Derivatives market data signal muted engagement, with open interest in Shiba Inu falling 5.03% to $43.51 million, according to CoinGlass. This decrease suggests potential capital outflows as both Bitcoin and Ethereum futures lacked momentum, leading investors to adopt a wait-and-see approach or to reallocate toward selectively active altcoins.
Developer Activity and Expanding Use CasesDespite the lack of significant price and burn activity, underlying developer efforts remain steady. Mazrael, a key figure following Shiba Inu development, pointed out continued progress by the project’s team.
Developers have expanded 18 documentation pages to include detailed guidance on ERC-4337 gasless transactions via Paymaster, new crypto payments APIs, hosted endpoints for on-chain data, and an updated ShibaSwap SDK. These technical upgrades aim to equip developers with the fundamental tools needed to build consumer-focused applications on Shibarium, which could boost ecosystem utility over time.
As the market navigates periods of low momentum and shifting capital, platforms facilitating seamless asset access stand out. 1stepSwap is a highly practical solution that bridges traditional finance and crypto by moving real-world assets onto the blockchain. Users can gain exposure to leading U.S. equities or commodities like gold and silver directly from their wallets, all without unnecessary intermediaries or complex onboarding. Notably, 1stepSwap identifies optimal market prices in real-time, enabling users to transact leading global stocks and diversified assets with speed and efficiency.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Mazrael varoval komunitu SHIB, že neexistují žádné nové oficiální kanály ani účty; pokud přibudou, oznámí to přes shib.io. Zároveň uvedl, že vývojáři dál pracují na ekosystému.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A longtime member of the Shiba Inu community and project advisor for Shiba Eternity, Mazrael, has issued a crucial reminder for the SHIB community in a recent X post.
Mazrael cautions that there are not any "new" "official" channels and accounts and adds that when there are, it will be communicated via the shib.io website.
This advisory comes at a time when impersonators and fraudulent accounts are rising to try to cash in on Shiba Inu's popularity. In this context, members of the Shiba Inu community are called upon to exercise caution when interacting with profiles claiming to represent the project, as the Shiba Inu ecosystem has not rolled out any new official communication channels or accounts.
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ready and audited. Foundations first.
— Mazrael.Shib (@Mazrael_shib) August 5, 2026 An X user interacted with Mazrael's post and asked about LEASH v2. Mazrael responded, "ready and audited. Foundations first."
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LEASH v2 is an upgraded, fixed-supply token contract for the Shiba Inu ecosystem, designed to replace the original LEASH, which is regarded as v1. It closes a hidden rebasing gap that previously allowed the token supply to change. LEASH v2 tokens are audited by Hexens and scheduled to roll out across structured phases.
Shiba Inu development continuesShiba Inu marked its sixth anniversary at the start of the month, having launched on August 1, 2020, by its pseudonymous founder Ryoshi.
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Shiba Inu's six-year journey has not been devoid of challenges and criticism; this year, 2026, has been relatively quiet for several tokens, including Shiba Inu, amid the ongoing bear market.
Mazrael points to activity behind the scenes by Shiba Inu developers in the relatively muted market. "Builders keep shipping" was the message from Mazrael in a recent X post, pointing to ongoing development activity in the SHIB ecosystem.
According to Mazrael, Shiba Inu developers have expanded 18 developer documentation pages covering ERC-4337 gasless transactions (Paymaster), Crypto Payments API, hosted on-chain data endpoints, and ShibaSwap SDK. He noted that these are the building blocks developers need to create consumer apps on Shibarium, making the move significant.
