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.
Dubai Duty Free spustilo platby přes Crypto.com Pay a v obchodech na letištích DXB a DWC přijímá SHIB i 29 dalších kryptoměn. Platby se okamžitě převádějí na AED.
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.
Shiba Inu token continues to strengthen its position in the UAE's real economy. Following the introduction of cryptocurrency payments for airline tickets, the popular meme token has now officially entered duty-free shopping zones.
Major airport retailer Dubai Duty Free has integrated the Crypto.com Pay payment gateway, enabling customers to use SHIB and 29 other cryptocurrencies at physical stores in DXB and DWC airports, as well as on its official website.
Dubai Duty Free introduces regulated crypto-to-fiat payments settled in AED, Source: Dubai Duty Free via X You Might Also Like
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For the Shiba Inu ecosystem, this marks another important milestone of expansion in the Emirates. Just last week, Emirates Airlines took a similar step, allowing customers to book flights with cryptocurrency through the Crypto.com Pay infrastructure.
However, SHIB is not being adopted in isolation. The integration of the new payment gateway has automatically opened the door to other major digital assets, including BTC, ETH, XRP and DOGE.
Why and how Dubai is integrating crypto paymentsDubai's infrastructure is built on a pragmatic model that eliminates market risks for businesses. Digital coins will not circulate directly through duty-free cash registers, and the service is currently available only to verified UAE residents.
The process is simple: a customer pays with the selected cryptocurrency from their balance in the Crypto.com Pay app, the payment system instantly converts the assets at the current exchange rate, and the retailer receives only UAE dirhams (AED).
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The widespread adoption of crypto payment gateways across Dubai's transport hubs is not a coincidence, but part of the broader D33 government strategy. The emirate's authorities plan to move up to 90% of all transactions into a cashless digital format.
The integration became possible after Crypto.com received an official license from the Central Bank of the UAE to provide stored-value payment services. This ensures that retail cryptocurrency purchases at the airports operate entirely within the legal framework and under regulatory supervision.
OKX v Evropě zařazuje SHIB do nové várky X-Perps, takže kvalifikovaní obchodníci získají pákovou expozici vůči meme coinu i dalším aktivům. Nové kontrakty jsou dostupné přes Simple Mode.
Shiba Inu (SHIB) has joined a fresh batch of listings on OKX's European X-Perps platform.
It gives eligible traders access to leveraged exposure to the popular meme cryptocurrency alongside several other crypto assets and well-known U.S. equities.
The latest additions include crypto tokens AEON, Zilliqa (ZIL), GRVT, PROS and ESP, as well as tokenized exposure tied to traditional finance names such as Robinhood (HOOD), Palantir (PLTR), Qualcomm (QCOM) and Coinbase (COIN). The exchange announced that all of the newly listed contracts are now available through its Simple Mode interface.
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What are X-Perps?X-Perps, short for Expiry Perpetuals, are leveraged derivatives that combine characteristics of perpetual futures with a fixed expiration date.
Like traditional perpetual contracts, they use a funding rate mechanism to keep prices closely aligned with the underlying spot market while allowing traders to take both long and short positions.
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The products offer up to 10x leverage and support multi-asset margin, enabling users to post Bitcoin, Ethereum, Solana, or supported stablecoins as collateral instead of converting them into a single settlement asset.
According to the exchange, the platform is designed for professional-grade execution. The products are available to eligible traders in the European Economic Area through the exchange's MiFID-regulated entity.
The newest listings continue the exchange's strategy of broadening its X-Perps offering beyond cryptocurrencies by including contracts tied to major publicly traded companies.
The platform aims to give European traders access to a wider range of leveraged instruments through a single regulated venue.
SHIB's sixth anniversary The listing comes as the Shiba Inu ecosystem celebrates the token's sixth anniversary.
In a message shared on X, the official SHIB account described the project as having grown "from zero to a global movement," thanking holders, builders and community members for supporting one of crypto's largest ecosystems.
The OKX exchange has long been an important venue for SHIB traders. Its SHIB/USDT spot pair consistently ranks among the token's most actively traded markets by daily volume, underscoring the asset's sustained liquidity and global demand as it enters its seventh year.
SHIB's most actively traded spot pair remains SHIB/USDT, with KuCoin leading at nearly $21.7 million in 24-hour volume. It is followed by Upbit's SHIB/KRW pair at roughly $10.5 million.
Shiba Inu has witnessed an aggressive cut in its circulating supply as the network continues to burn the asset in large quantities, registering its 2026 biggest token burn this week.
While the aggressive burn activity still extends to this moment, tens of millions of SHIB tokens have also been burned over the last 24 hours.
SHIB network activity soarsPer the latest data from Shibburn, the Shiba Inu burn rate has soared massively by over 3,607% over the last 24 hours as a total of 24.38 million SHIB were destroyed during the period.
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The aggressive burn trend, which began a few days ago, saw Shiba Inu register a massive burn of over 1.2 billion SHIB within just 24 hours on Monday, causing it to record the biggest burn week ever seen this year.
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The unusual network activity has drawn attention from market analysts, especially because it arrived after Shiba Inu witnessed a surprise rally which marked its largest price surge of the year.
The leading meme token saw its price surge by over 35% within just one day, igniting renewed trading activity and an unprecedented rise in its network activity.
Nearly 3 billion SHIB gone in one weekFollowing the rapid surge in the Shiba Inu burn activity seen this week, the data further showed that about 2.98 billion SHIB have been burned over the past seven days.
With its monthly total currently sitting at 3.25 billion SHIB, it is evident that the most tokens were burned this week. Meanwhile, the 24.38 million SHIB burned in the last 24 hours suggests that, although the pace has cooled from Monday's unmatched burn event, the community's commitment to reducing supply remains strong.
The Shiba Inu ecosystem recorded one of its most dramatic price surges of 2026 this week, with SHIB jumping more than 35% in a single day and capturing the attention of market analysts. While the main token experienced substantial gains, activity on Shiba Inu’s layer 2 blockchain, Shibarium, struggled to keep pace.
Sharp drop in Shibarium’s DEX volumeLatest data from DeFiLlama indicates that Shibarium’s decentralized exchange (DEX) volume has plummeted significantly. Over the past week, DEX transactions on the network fell by 95%, reaching only $72 as of Wednesday, July 29.
This sharp decline highlights a stark drop in user engagement on Shibarium, as decentralized exchanges are key platforms for asset swaps and onchain activity within DeFi.
PeriodDEX Volume on ShibariumChange (%)Previous week$1,440–This week$72–95%Decentralized exchanges such as WoofSwap and DogSwap, which typically facilitate user trades on Shibarium, showed a full week of no recorded trading activity. Market observers noted that onchain performance across the ecosystem was extremely slow, as participants appeared reluctant to engage with DEX platforms despite the token’s price rally.
Shibarium is a layer 2 blockchain developed by the Shiba Inu project to enhance transaction capacity and reduce costs for SHIB and related tokens by operating on top of the Ethereum network.
Mini dictionary: Shibarium, a layer 2 solution built by the Shiba Inu team, is intended to increase efficiency and lower fees by processing transactions off the main Ethereum chain. Layer 2 networks typically take some transactions off a primary blockchain, improving scalability and reducing congestion.
Lack of activity across decentralized protocolsAmong decentralized applications on the network, ShibaSwap remained the only DEX to post any volume, registering all $72 in trades on Shibarium for the week. Other protocols, including Shibex, PunkSwap, MARSWAP, and ChewySwap, recorded zero transactions throughout the same period.
Despite increased interest in the $SHIB token, onchain activity on the Shibarium network and its associated decentralized exchanges reached extremely low levels, with most platforms registering no trading activity and only ShibaSwap displaying minimal volume.
This coincides with the end of Shiba Inu’s rapid price rally, after which traders and liquidity providers seemed to exercise more caution on the network. The collapse in DEX volume reflects broader risk aversion and subdued engagement on the platform, signaling a potential disconnect between token price movements and actual network use.
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.
Emirates nově umožňuje rezervace letů přes web a aplikaci v kryptoměnách, včetně SHIB a dalších 29 coinů. Platba probíhá přes Crypto.com Pay a je dostupná pro oprávněné rezidenty SAE v AED.
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 boost for digital assets, customers of Dubai-headquartered Emirates Airlines can now book flights via its website and mobile app using cryptocurrencies.
The integration supports Shiba Inu alongside 29 other cryptocurrencies, marking another real-world utility milestone for the dog-themed cryptocurrency.
According to an official press release, Emirates has launched Crypto.com Pay, allowing its customers to use the digital payment solution on the airline's website and app platforms.
— きみとみっきー🇯🇵SHIBARMY (@rainyan687007) July 28, 2026 Crypto.com Pay is a payment solution powered by the Crypto.com exchange with a list of supported cryptocurrencies totaling 30, including Shiba Inu (SHIB), BTC, ETH, USDT, XRP, USDC, DOGE, BCH, ADA, LINK, LTC, PYUSD, CRO, UNI, DOT, AAVE, ALGO, FIL, CRV, COMP, THETA, ENJ, SNX, APE, LRC, WBTC, YFI, KSM, KNC and LION.
According to the release, customers with a Crypto.com account booking on the Emirates website and its app can utilize Crypto.com Pay at checkout. This is available to eligible UAE residents for bookings priced and settled in Emirati Dirham (AED).
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The launch marks the implementation of a partnership between Crypto.com and Emirates announced in July 2025 and supports Dubai's Cashless Strategy under the D33 Economic Agenda.
SHIB enters trending spotlightAccording to Santiment, Shiba Inu is among the few crypto tokens that attracted social buzz in the last 24 hours. This follows as a visible whale (identified on-chain as 0x8382...7b03) executed large SHIB transfers and publicized wallet activity, sparking focused discussion about market mechanics rather than retail sentiment.
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Shiba Inu surged over 37% during the weekend, then quickly surrendered part of the move. Social dominance reached 0.084%, its highest since April 2, amid the price surge.
Santiment noted that as the rally was still underway, there were 52 SHIB whale transactions in a single day, the most since March 31.
Heading into the big US interest rate decision, the major cryptocurrencies show little movement on the 7-day chart, with SHIB leading with an 8% gain.
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.
Shiba Inu's (SHIB) two-day 37% surge ended according to the classic pump and dump scenario: large holders fully cashed out, selling their coins to late retail investors. Fresh on-chain data from Santiment analysts shows exactly how whales used the wave of mass excitement to lock in profits and leave retail traders with losses.
How retail's fear of missing out gave whales an exit routeAs soon as SHIB's price began climbing, retail fear of missing out surged across social media. Shiba Inu's social dominance index jumped to 0.084%, its highest level since April.
Ordinary traders rushed to buy the coin, but, as often happens, their attention peaked when the rally was already running out of steam. The crowd entered at the very top.
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At the same time, large players began unloading their wallets and cashing out. Within 24 hours, the network recorded 52 whale transactions, each worth more than $100,000 — the highest figure since late March.
Shiba Inu (SHIB) whale transaction count and social dominance, Source: Santiment via SanbaseThe influx of liquidity from retail buyers jumping onto the "departing train" created ideal conditions for large holders to convert their holdings into cash without immediately crashing the order books.
Large capital simply received the liquidity it needed, leaving smaller traders with nothing.
Who really controls Shiba Inu's coin supply?The detailed structure of SHIB holders on Etherscan explains why retail investors were powerless against the selling pressure and suffered immediate losses. Almost all the power is concentrated in a small number of hands. The Shiba Inu market remains highly centralized:
Just 0.05% of wallets, classified as whales, control 94.64% of the coin's total supply.The top five addresses hold 57.56%, including the main 0xdea... burn address, where 41.04% of the supply is permanently locked.The largest accessible holdings are concentrated on exchanges: Robinhood holds 3.92%, Binance holds 3.42%, and Crypto.com holds 2.76%. You Might Also Like
When whales began moving tokens to exchanges en masse to lock in profits, smaller investors simply did not have enough capital to support the price. The Shiba Inu price chart confirms that the pump occurred within a prolonged downtrend. The local surge pushed SHIB to $0.00000537, but retail traders were unable to hold those gains.
Under selling pressure, SHIB quickly corrected lower, falling 6.39% on the current weekly candle and returning to around $0.00000497. The illusion of growth disappeared within hours, leaving buyers who entered at the highs deep in the red.
The market has once again proved that when a meme coin's chart begins filling every news feed, it is already too late to take profits. At that point, the rules of the game change, and you are most likely providing exit liquidity for those who bought earlier.
Aktivita na Shibariu vyskočila za pár dní o 78,51 % na 1 180 denních transakcí, ale cena SHIB na to nereagovala. Token je stále pod tlakem a za posledních 24 hodin klesl o 1,28 %.
Activity on Shibarium, Shiba Inu’s official Layer-2 blockchain, surged sharply over the past day, but SHIB’s price has yet to respond.
According to the latest data from Shibariumscan, Shibarium processed 1,180 daily transactions yesterday. This marks a notable recovery from 661 transactions recorded on July 21, the second-lowest daily transaction count for July.
As a result, daily transactions climbed 78.51% within just a few days, signaling renewed activity on the network after a period of sluggish usage.
Although the latest transaction count remains far below the millions of daily transactions Shibarium recorded during its peak periods, many market observers view the rebound as an encouraging sign.
The increase comes at a time when investors continue to search for a bullish catalyst capable of reversing SHIB’s prolonged price weakness. Even a modest improvement in network activity has sparked optimism that user engagement on Shibarium could gradually recover if the trend continues.
Shibarium Transaction Activity SHIB Price Fails to Respond to Network Improvement Despite the jump in Shibarium transactions, Shiba Inu has not benefited from the renewed activity on the blockchain.
The broader cryptocurrency market experienced another sharp sell-off yesterday, dragging down several major assets, including SHIB. The token fell from an intraday high of $0.000004243 to a low of $0.000004102 before recovering slightly.
At press time, SHIB is trading at $0.000004189. Even with the rebound, the token remains down 1.28% over the past 24 hours, 8.21% over the past week, and 0.34% month-to-date.
Ecosystem Challenges Continue to Weigh on Sentiment Meanwhile, the Shiba Inu ecosystem continues to face several challenges that have dampened investor confidence.
The ongoing bearish market has produced few positive developments for the project. Community members have also expressed concerns over the disappearance of several key team members from X, multiple ecosystem initiatives that remain unfinished, and persistently low SHIB burn activity.
Against this backdrop, Shibarium’s recent transaction rebound has fueled speculation that long-awaited positive catalysts could finally be emerging. However, the increase in network activity alone has not been enough to translate into higher SHIB prices.
Over 113B Shiba Inu Tokens Leave Exchange Despite the weak price performance, investors continue to move SHIB off centralized exchanges.
Notably, more than 113 billion SHIB tokens have recently been withdrawn from exchanges, reducing the total exchange reserve to approximately 86.13 trillion SHIB.
Large exchange outflows are often interpreted as a sign that investors are transferring tokens into private wallets for longer-term holding rather than preparing to sell. While this trend has yet to trigger a price recovery, it suggests that some market participants remain confident in SHIB’s longer-term prospects even as the token continues to trade under bearish 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.
Popular meme-coin collateral platform Purinta has confirmed it will soon launch a dedicated Shiba Inu market.
Once the feature goes live, users will be able to use their Shiba Inu holdings as collateral to borrow funds without selling their tokens. Announcing the development on X, Purinta stated:
“SHIB market coming soon to Purinta. Deposit, borrow, [and] keep your exposure.”
The announcement also featured a promotional banner reading, “Borrow Against SHIB. Coming Soon to Purinta,” indicating that the feature is currently under development.
Community Vote Secured SHIB’s Listing The decision to add SHIB came directly from the community. A few weeks ago, Purinta conducted a poll on X, asking its more than 25,900 followers to vote on the next meme coin the platform should support.
The results strongly favored Shiba Inu. Out of 396 votes cast, 67.9% supported SHIB, while 32.1% backed Floki. By declaring, “You voted. We listened,” Purinta made it clear that community demand, not an internal decision, determined the outcome.
Pick now!
— Purinta (@purintaxyz) July 7, 2026
After the SHIB market launches, users will be able to deposit their Shiba Inu tokens as collateral and borrow stablecoins such as USDC while retaining exposure to SHIB’s potential price appreciation.
This model allows holders to unlock liquidity without liquidating their positions. Instead of selling SHIB to raise capital, users can continue holding the token while borrowing against it through Purinta’s decentralized finance (DeFi) platform.
SHIB Becomes Purinta’s Fourth Meme Coin Collateral The upcoming integration expands Purinta’s meme coin-focused lending ecosystem, which is built on Morpho and powered by Api3DAO infrastructure.
Currently, the platform supports three meme coins as collateral, such as Pepe (PEPE), Cash Cat (CASHCAT), and SPX6900 (SPX).
With the addition of SHIB, Shiba Inu will become the fourth meme coin available for collateralized borrowing on the platform.
Shiba Inu’s DeFi Utility Continues to Expand Purinta’s integration further strengthens Shiba Inu’s role in decentralized finance by allowing holders to access liquidity without selling their SHIB holdings.
The platform joins a growing number of services that accept SHIB as collateral for stablecoin-backed loans, including CoinRabbit and Binance Loans. Additionally, the Shiba Inu ecosystem team has introduced Shib Finance, a product designed to provide a broader financial suite covering lending, borrowing, and savings.
Notably, Purinta’s support expands SHIB’s utility within the DeFi sector, giving investors another option to unlock capital while maintaining exposure to the token.
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.
Z Coinbase Ethereum infrastruktury bylo přesunuto 1,16 bilionu SHIB v hodnotě asi 4,95 milionu USD do tří zcela nových peněženek. Převod obešel spotový trh a nezasáhl do order booků.
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.
While the Shiba Inu (SHIB) price remains near the critical level of $0.000004249, a major withdrawal of 1.16 trillion tokens worth approximately $4.95 million has been recorded from Coinbase's Ethereum infrastructure.
According to Arkham Intelligence, the entire amount was distributed across three completely new wallets that were apparently created specifically for these transactions and hold no other assets apart from the received SHIB.
How Coinbase just moved over a trillion SHIB to empty walletsOn-chain data explains why this multimillion-dollar transfer completely bypassed the spot market and had no impact on exchange order books. Two transactions — involving 348 billion and 242 billion SHIB — were sent directly from verified Coinbase Prime Custody addresses, a service that exclusively serves large corporate clients.
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Distributing assets across new, separate addresses outside the trading platform is a standard technical process for a custodian, required for internal security and liquidity management.
On-chain data tracks 1.16 trillion SHIB routing to new isolated wallets, Source: Arkham IntelligenceAt the same time, the origin of the largest portion — 573 billion SHIB that left the platform — remains unclear. It was transferred from wallet "0xa59...447", which has no exchange labels in Arkham's system. This address may belong either to an unmarked internal Coinbase structure or to a large private holder withdrawing the assets.
Why is this happening right now?The token is trading close to the psychological support level of $0.00000400, while the weekly RSI of 33–35 indicates that the asset is deeply oversold. A move below this support level would expose SHIB to the risk of falling toward its lows from previous years.
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The fact that 1.16 trillion SHIB is being separated within the custody system precisely near a local bottom points to the locking in and preservation of positions.
The transfers were deliberately conducted within the exchange's infrastructure, bypassing spot order books, which made it possible to move a large amount without causing price fluctuations and to keep the price above the critical threshold.
SHIB za posledních 24 hodin spálil 12,47 milionu tokenů, což znamená nárůst denních burnů o 350,29 %. Současně přibývají velrybí objednávky a odtoky z burz, ale breakout zatím nepřišel.
Shiba Inu [SHIB] strengthened its long-term deflationary narrative after its burn rate climbed sharply over the past day.
Shibburn data showed that 12.47 million SHIB left circulation during the previous 24 hours, representing a 350.29% increase in daily burns.
The network also removed 481,463 SHIB during the last hour, while the seven-day burn total reached 44.23 million SHIB, reflecting a 32.63% weekly increase.
Those figures highlighted sustained efforts to reduce the token’s circulating supply despite relatively muted price action.
However, the shrinking supply alone did not immediately translate into stronger price appreciation.
Instead, the burn activity reinforced SHIB’s longer-term scarcity narrative, leaving traders focused on whether demand would strengthen enough to capitalize on the declining token supply.
Exchange outflows eased immediate selling pressure Spot flow data revealed that capital continued leaving exchanges instead of moving onto them.
SHIB recorded a negative spot netflow of approximately $175,050, indicating that more tokens exited exchanges than entered during the latest session.
Negative netflows typically indicate reduced immediate selling pressure, as investors move tokens off exchanges rather than preparing them for sale.
Even so, the relatively modest size of the outflow suggested that conviction remained measured instead of aggressive.
Market participants continued reducing available exchange liquidity without triggering a broad buying wave.
As a result, the outflow data complemented the improving burn statistics and suggested that holders preferred accumulation over distribution.
However, stronger demand would still need to emerge before SHIB could sustain a larger recovery.
Source: CoinGlass Whale activity quietly returned to the market Large investors became increasingly active across SHIB’s spot market despite the subdued price environment.
The Spot Average Order Size indicator continued flashing “Big Whale Orders,” showing that larger transactions accounted for a greater share of executed trades.
That pattern often reflected institutional or high-net-worth participation rather than retail-driven activity.
Even though the market lacked a decisive breakout, whales continued absorbing liquidity while exchange balances gradually declined.
This combination may indicate that larger participants are positioning for a longer-term move despite near-term uncertainty.
Retail participation remained relatively restrained, yet growing whale-sized orders hinted that sophisticated investors had started positioning ahead of a potential directional move instead of waiting for confirmation after a breakout.
Source: CryptoQuant SHIB held key support as MACD improved SHIB continued trading inside a descending channel after several weeks of lower highs and lower lows.
However, the price defended the $0.00000409 support area while attempting to stabilize above it, preventing another breakdown toward the channel’s lower boundary.
Immediate resistance remained near $0.00000450, while a stronger barrier stood around $0.00000500, both aligning with previous rejection zones.
The MACD reflected improving market conditions because the blue MACD line climbed above the signal line while the histogram shifted closer to the neutral level.
Although a confirmed bullish crossover had not yet appeared, selling pressure had continued fading throughout July.
If buyers maintain control above current support and the MACD completed a bullish crossover, SHIB could challenge $0.00000450 first.
A successful breakout above that level would likely expose $0.00000500. However, losing $0.00000409 could invite another decline within the descending channel.
Source: TradingView Shiba Inu combined stronger burn activity, continued exchange outflows, and increasing whale participation into a more constructive market structure.
Together, these on-chain metrics point to improving market conditions, although SHIB still needs a confirmed breakout to validate a broader trend reversal.
If buyers sustain current support and technical conditions continue improving, SHIB could attempt a move toward $0.00000450 before targeting $0.00000500.
Final Summary SHIB’s daily burn rate jumped more than 350% as exchange outflows continued to ease near-term selling pressure. Growing whale-sized orders and improving momentum indicators point to strengthening sentiment, but a breakout above resistance is still needed.
Shiba Inu za posledních 24 hodin spálil 13,2 milionu tokenů SHIB a míra spalování vyskočila o 131,2 %. Největší transakce přesunula 9,7 milionu SHIB z CEX.IO do dead wallet.
Shiba Inu’s burn rate surged over the past 24 hours after community members permanently removed more than 13 million SHIB tokens from circulation.
According to Shibburn data, a total of 13.2 million Shiba Inu were burned in the past day, permanently reducing the token’s circulating supply. The burns were completed across 13 separate transactions, with the largest single burn accounting for the majority of the destroyed tokens.
The biggest transaction occurred yesterday when an unidentified user transferred 9.7 million SHIB from the CEX.IO exchange to the official dead wallet. Meanwhile, the second-largest burn took place just hours before press time, eliminating approximately 1.2 million SHIB from circulation.
Shiba Inu Burn Activity Accelerates Sharply The latest burn marks a significant increase compared with activity recorded over the previous week, during which daily burns generally remained below 7 million SHIB.
Following the latest spike in burns, Shibburn data shows that the 24-hour burn rate soared by 131.2%. The recent activity also lifted longer-term burn totals. Weekly burns have now reached 45.44 million SHIB, while the monthly burn count has climbed to 269.9 million SHIB.
Shiba Inu Burn Since the launch of the Shiba Inu ecosystem, the community has permanently destroyed 410,840,414,408,454 SHIB (410.84 trillion) through 21,216 burn transactions. That figure represents 41.08% of Shiba Inu’s original 1 quadrillion-token supply, leaving about 58.92% of the total supply still in circulation.
SHIB Price Remains Under Selling Pressure Despite the sharp increase in token burns, SHIB continues to trade under bearish pressure. At the time of writing, Shiba Inu was down 0.23% over the past 24 hours, trading at $0.000004143. The token has also declined 1.36% over the past seven days and 12.31% over the last month.
Furthermore, SHIB remains 1.13% lower on a month-to-date basis, leaving the token with only 11 days to recover and turn its monthly performance positive. It continues to rank outside the top 30 and currently stands as the 33rd-biggest token globally, with a market cap of $2.43 billion.
Meanwhile, growing exchange inflows continue to offset the positive impact of the latest burn activity. According to CryptoQuant data, approximately 12.6 billion SHIB flowed into cryptocurrency exchanges over the past 24 hours.
Consequently, Shiba Inu’s exchange reserve increased to 86.32 trillion SHIB, suggesting that more holders may be positioning their tokens for potential selling, which could continue to weigh on the asset’s near-term price performance.
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.
SBI Holdings po koupi Coinhako získala nepřímou kontrolu nad 1,11 bilionu SHIB v hodnotě 4,62 milionu USD. Nejde ale o přímou investici SBI do Shiba Inu.
Japanese financial giant SBI Holdings has gained exposure to a substantial Shiba Inu holding following its acquisition of Singapore-based cryptocurrency exchange Coinhako.
The acquisition, carried out through SBI’s subsidiary, SBI Ventures Asset, received final approval from the Monetary Authority of Singapore (MAS), allowing the transaction to close. As a result, Coinhako has become a consolidated subsidiary of SBI Holdings.
Through the acquisition, SBI gains immediate access to Coinhako’s regulated crypto infrastructure, expanding its digital asset ecosystem beyond Japan while strengthening its regional footprint.
SBI Plans Broader Digital Asset Expansion SBI plans to leverage Coinhako as a gateway to expand its blockchain-based financial services across Southeast Asia. The integration will allow SBI to connect Coinhako’s user base with products such as its yen-backed stablecoin JPYSC and tokenized real-world asset (RWA) offerings.
The acquisition also strengthens SBI’s regulatory position in the region by giving it access to Coinhako’s Singapore-based operations and Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This provides a compliant foundation for expanding digital asset services without building a new infrastructure from the ground up.
SBI Chairman Yoshitaka Kitao said the move aligns with the company’s goal of creating global digital asset corridors that connect Japan and Southeast Asia through faster blockchain-powered payments and cross-border financial services.
SBI Inherits More Than 1 Trillion SHIB Tokens Beyond the strategic expansion, the acquisition also gives SBI control over Coinhako’s substantial cryptocurrency treasury. According to blockchain intelligence platform Arkham, Coinhako currently holds $160.87 million worth of digital assets across multiple cryptocurrencies.
Among those assets are 1.11 trillion Shiba Inu tokens, valued at $4.62 million at current market prices. While SHIB represents only a portion of Coinhako’s total holdings, it remains one of the exchange’s largest crypto positions.
Arkham data shows that Shiba Inu is Coinhako’s sixth-largest cryptocurrency by dollar value. Ethereum, Binance Coin, Chainlink, Tether, and Pepe lead the exchange’s portfolio.
With Coinhako now operating as an SBI subsidiary, these treasury assets, including the 1.11 trillion SHIB tokens, effectively become part of the broader SBI corporate ecosystem. However, they remain exchange-held assets rather than direct investments by SBI itself.
Coinhako Crypto Holdings What the Acquisition Means for Shiba Inu Meanwhile, the acquisition does not necessarily indicate that SBI has purchased Shiba Inu as an investment. Instead, the company has assumed ownership of an exchange that already custodies significant amounts of SHIB alongside numerous other digital assets.
Nevertheless, the transaction places more than 1 trillion SHIB tokens under the umbrella of one of Japan’s largest financial groups. It is worth noting that SBI’s crypto exchange arm, SBI VC Trade, already supports Shiba Inu trading and has launched several campaigns for users, including staking opportunities and token giveaways.
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.
Za 24 hodin bylo u Shiba Inu spáleno 6,75 milionu SHIB a denní burn rate vzrostl o 140 %. Od spuštění bylo z oběhu trvale odstraněno 41,08 % původní nabídky.
Shiba Inu’s deflationary momentum intensified over the past 24 hours, with 6.75 million tokens sent to dead wallets. This action pushed the daily burn rate up by 140% compared to the previous day, highlighting the community’s continued commitment to reducing SHIB’s circulating supply.
Burn milestone and supply reductionSince its launch, Shiba Inu has permanently destroyed 410,840,395,512,922 tokens by sending them to unusable null addresses. This ongoing strategy has resulted in 41.08% of SHIB’s original 1 quadrillion token supply being removed from circulation. Currently, 58.92% of the initial supply remains, demonstrating the significant impact of these regular token burns.
MetricAmountTotal Supply Burned410.84 trillion SHIBPercentage Burned41.08%Current Supply58.92% of initialThe pace of SHIB burns remains consistent, with over 21,000 cumulative burn transactions now recorded. Data shows that these collective efforts, carried out by members of the Shiba Inu community, have reached 21,193 individual transactions, reflecting an ongoing reduction in supply through a decentralized mechanism.
Short-term burn statistics and price movementsIn the last seven days, the SHIB community removed 43.75 million tokens from circulation, while the thirty-day tally stands at 267.58 million tokens. Despite these supply reductions, the price performance has shown modest fluctuations. Over the latest 24-hour period, SHIB edged up by 0.96% to $0.00000417, though it still trades 4.87% lower on the weekly timeframe.
PeriodSHIB BurnedPast 24 Hours6.75 millionPast 7 Days43.75 millionPast 30 Days267.58 millionOver 410 trillion SHIB have now been sent to dead wallets, meaning 41.08% of the original supply is permanently removed, while over 21,000 separate burn transactions have been completed by the community.
Macro factors and regulatory developmentsShiba Inu’s recent price movement followed mixed signals from wider economic data. The latest US producer and consumer price index readings came in softer than expected, while jobless claims for the week ending July 11 totaled 208,000, lower than forecasted figures. The University of Michigan’s latest consumer sentiment index rose to 54.4, surpassing the Dow Jones consensus forecast of 50.5.
Japan implemented major amendments to the Financial Instruments and Exchange Act (FIEA) on July 15, 2026. The updated legislation distinguishes cryptocurrencies like Bitcoin and Ethereum from securities and instead classifies them as investment products.
The revisions seek to strengthen investor protection while enhancing engagement from banks, securities firms, asset managers, and institutional investors in Japan’s crypto market.
Shiba Inu is already included on the Japan JVCEA Green List, a status that simplifies listing on regulated domestic platforms. With this regulatory update, SHIB could see improved access and visibility in Japan’s evolving digital asset landscape.
Mini dictionary: JVCEA Green List – A registry maintained by the Japan Virtual and Crypto Assets Exchange Association (JVCEA) that includes cryptocurrencies approved for listing on domestic exchanges, allowing for easier regulatory compliance and onboarding in the Japanese market.
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.
Shiba Inu has missed out on what could have been its first appearance in a U.S.-listed spot crypto exchange-traded fund (ETF).
This comes after T. Rowe Price launched its long-awaited Active Crypto ETF without including the meme coin among the supported assets. For months, the Shiba Inu community anticipated SHIB’s inclusion in the fund.
During the ETF’s initial filing in October 2025, the $1.89 trillion asset manager revealed plans to hold between five and 15 digital assets. At the time, SHIB appeared on the list of cryptocurrencies that met the fund’s eligibility standards, fueling optimism that it would become one of the first meme coins to gain exposure through a U.S.-listed spot crypto ETF.
However, that expectation did not materialize when the fund officially launched.
T. Rowe Price Debuts TKNZ on NYSE Arca Following approval from the U.S. SEC, T. Rowe Price launched the Active Crypto ETF yesterday under the ticker TKNZ on NYSE Arca.
The actively managed fund debuted with $15 million in assets under management (AUM) and carries an expense ratio of 0.75%. Rather than including SHIB, the ETF launched with exposure to the following digital assets:
Bitcoin (BTC) – 40.75% Ethereum (ETH) – 18.42% Binance Coin (BNB) – 11.01% Solana (SOL) – 9.44% XRP (XRP) – 9.37% Hyperliquid (HYPE) – 6.45% Stellar (XLM) – 3.00% Dogecoin (DOGE) – 1.28% USD Coin (USDC) – 0.16% Cash equivalents – 0.11% While Dogecoin secured a place in the portfolio, Shiba Inu was absent despite previously being identified as an eligible asset.
Why Was Shiba Inu Excluded? T. Rowe Price did not provide an official explanation for SHIB’s exclusion. Nevertheless, several developments since the ETF’s initial filing may have influenced the final portfolio selection.
When the filing was submitted in October 2025, Shiba Inu ranked among the top 20 cryptocurrencies by market cap. Since then, the token has experienced a significant decline in market value and has slipped out of the top 30.
At press time, SHIB ranks as the 33rd-largest cryptocurrency, with a market cap of $2.43 billion and a trading price of $0.000004132.
Beyond its declining market position, the project’s public presence has also weakened. Several prominent members of the Shiba Inu ecosystem have become less active on social media. Meanwhile, the Shibtoken X account—once widely viewed as the project’s primary social media presence—has increasingly promoted other meme coin projects, raising concerns among some community members about the ecosystem’s current direction.
Active Management Leaves the Door Open Although SHIB was excluded from the ETF’s initial holdings, its chances of joining the fund in the future have not been completely ruled out.
Unlike passive index-tracking ETFs, the T. Rowe Price Active Crypto ETF actively adjusts its portfolio based on changing market conditions and investment opportunities. As a result, the fund manager can modify asset allocations or introduce new cryptocurrencies over time.
If Shiba Inu regains market momentum, improves its ranking, or demonstrates stronger ecosystem growth, it could potentially qualify for inclusion during a future portfolio rebalance.
For now, SHIB also lacks a standalone spot ETF application in the United States. Unlike Bitcoin, Ethereum, XRP, and several other major cryptocurrencies that have attracted ETF proposals, no asset manager has filed for a dedicated Shiba Inu ETF.
Until such a filing emerges, or SHIB is added to an actively managed crypto fund like TKNZ, the timeline for the token’s first U.S. spot ETF exposure remains uncertain.
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.
Americká vláda přesunula zhruba 235 500 USD v Shiba Inu (SHIB) zabavených z FTX a Alameda Research. Šlo o poslední krok téměř denního rozprodeje v hodnotě asi 778 000 USD.
US government moves memecoins seized from Sam Bankman-Fried's FTX
The U.S. government has moved roughly $235,500 worth of Shiba Inu (SHIB) seized from collapsed crypto exchange FTX and trading firm Alameda Research, on July 15, according to Arkham Intelligence data.
The SHIB transfer of 54.895 billion tokens was the final move in a nearly day-long dispersal. Over the preceding 20 hours, the same government wallet sent out 209.18 ETH ($390,980), 0.533 Wrapped Bitcoin ($34,360), and smaller allocations of Compound ($21,120), Yearn Finance ($11,390), Numeraire ($39,890), Axie Infinity ($4,080), and iExec RLC ($40,720).
In total, the dispersal moved roughly $778,000 across at least eight fresh addresses.
Test transactions signal a careful operationThe on-chain data reveals methodical execution. Nearly every transfer was preceded by a roughly $10 test transaction in the same token. It is a standard precaution before moving funds to new addresses.
U.S. Government moves multiple memecoins including Shiba Inu
Arkham
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The FTX dispersal wasn't the only action. Twenty-two hours earlier, a U.S. government wallet tied to the Bitfinex hack case sent 5,939 ETH, worth $11.15 million, to Coinbase Prime, the platform the U.S. Marshals Service selected in 2024 to custody and trade its large-cap digital assets.
Trending on TheStreet RoundtableCathie Wood's ARK issues bold prediction on U.S. digital dollarU.S. government moves $8.8M of Bitcoin that Trump said would never sellAnalysts stunned by Robinhood's $3.1 billion debut weekA $21 billion crypto treasuryThe moves are small changes against the government's total stack. Arkham pegs U.S. government crypto holdings at $21.4 billion across 618 tracked addresses. It is dominated by 324,552 Bitcoin worth $21.1 billion, plus $145 million in Tether, $48.7 million in Wrapped Bitcoin, and $42.8 million in Ethereum.
The FTX-seized tokens trace back to Sam Bankman-Fried's 2022 collapse. A federal judge ordered him to forfeit $11 billion following his fraud conviction, with recovered assets directed toward victim compensation.
The two were supposed to operate independently, but FTX secretly funneled billions in customer deposits to Alameda to cover its losses. Both collapsed in November 2022, and Bankman-Fried was convicted of fraud, receiving 25 years in prison.
The tokens trace back to the 2022 collapse of Sam Bankman-Fried's empire. A federal judge ordered Bankman-Fried to forfeit $11 billion after his fraud conviction, with recovered funds directed toward victim compensation.
SHIB čelí novému prodejnímu tlaku poté, co za posledních 24 hodin zamířilo na centralizované burzy asi 96 miliard SHIB, zatímco odlivy činily přibližně 112 miliard SHIB. Cena se drží kolem 0,0000042 USD, blízko několikaměsíčních minim.
Shiba Inu is experiencing renewed selling pressure after almost 100 billion SHIB entered centralized exchanges over the past 24 hours. New on-chain data shows that exchange inflows reached about 96 billion SHIB, while outflows stood at approximately 112 billion SHIB during the same period.
Technical setbacks for SHIBShiba Inu, an Ethereum-based meme coin with a loyal community, continues to struggle below major resistance levels. The asset is trading near $0.0000042, close to multi-month lows, reflecting a weak market structure that has persisted for several months.
Current technical analysis reveals that the 50-day, 100-day, and 200-day exponential moving averages (EMAs) are all positioned above SHIB’s current price, indicating ongoing bearish momentum. After forming a rising wedge pattern earlier in the year, the token broke lower and has yet to confirm a meaningful reversal.
Attempts to recover since then have failed, with each bounce capped by lower highs. The bearish outlook intensified when sellers effectively absorbed upward moves in June and July, prompting further caution among investors.
On-chain activity raises concernsLarge volumes of SHIB moving onto exchanges often precede increased selling activity or shifting investor strategies. When more tokens are deposited into exchange wallets, the available supply for trading rises and applies further pressure to prices if market demand remains subdued.
Despite the elevated inflows, overall netflows have stayed negative as outflows modestly surpassed inflows. However, analysts note that a sequence of daily inflows near the 100 billion SHIB mark signals that holders may still be preparing to sell or adjust their positions.
Momentum indicators also underscore market weakness. Trading volumes are lower compared to earlier in the cycle, and the relative strength index (RSI) remains below the neutral 50 threshold, pointing to limited buying conviction from bulls.
IndicatorCurrent Status24h Exchange Inflows96 billion SHIB24h Exchange Outflows112 billion SHIBCurrent Price$0.0000042Below 50-day EMA?YesRSIBelow 50Mini dictionary: Exponential Moving Average (EMA) — A type of moving average that gives more weight to recent prices in an asset’s price data, often used to identify trend direction and support or resistance on a trading chart.
Market sentiments and investor behaviorSo far, SHIB has not seen strong signs of accumulation or renewed investor confidence. Unlike previous cycles when rallies were supported by robust demand, the current market has stabilized with less enthusiasm from both retail and institutional buyers.
Nevertheless, not every exchange inflow signals imminent selling. Some participants may be transferring SHIB for portfolio adjustments, liquidity needs, or arbitrage opportunities rather than immediate liquidation.
Exchange inflows often reflect holders’ intentions to reposition, but a lack of panic-driven withdrawals and stable total exchange reserves suggest that the market is not experiencing widespread fear at this stage.
Still, persistent negative momentum and large inflows continue to weigh on the outlook, leaving sellers in control as SHIB trades at its lowest levels in several months.
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.
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 community veteran Mazrael highlighted Japan's latest crypto push, which stands to benefit Shiba Inu.
According to Mazrael, Japan just took another major step toward becoming one of the world's most crypto-friendly economies.
🇯🇵 Japan just took another major step toward becoming one of the world's most crypto-friendly economies.
• Crypto is being recognized as regulated financial products.
• The government is moving toward legalizing crypto ETFs.
• SHIB is already on Japan's JVCEA Green List,… https://t.co/A05BOgkjdc pic.twitter.com/Gkxqam60kJ
— Mazrael.Shib (@Mazrael_shib) July 11, 2026 This comes as cryptocurrencies are recognized as regulated financial products in the country. Last month, Japan's House of Representatives passed a bill that moves crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act.
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The new rules, due to come into force next year, would treat crypto assets as financial instruments, subjecting them to lower taxes and stricter trading rules. They also open the door to new products such as exchange-traded funds (ETFs).
Mazrael also highlighted Japan's push toward legalizing crypto ETFs. Japan is getting closer to bringing cryptocurrency further into its mainstream financial system after indicating support for crypto exchange-traded funds. Finance Minister Satsuki Katayama stated the government is working on a legal framework to allow these investment products in the domestic market.
Big win for SHIB?Japan has over 14 million open cryptocurrency accounts, with low- to middle-income retail customers driving the growth.
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Shiba Inu is positioned to benefit from this growing market as it is already on Japan's JVCEA Green List, which makes it easier for regulated platforms in the country to list. JVCEA said it had added Shiba Inu to the Green List last November. This is significant as being on the list is like getting a fast pass for Japanese exchanges.
SHIB is also available through Mercoin, a Tokyo-based subsidiary of Japan's massive e-commerce and marketplace app Mercari, thus expanding access across Japan.
Japan opened a major door for SHIB in April with its listing on Rakuten Wallet, a cryptocurrency trading platform owned by Japan's Rakuten Group. Shiba Inu is now utilized in the ecosystem, which includes Rakuten Pay with 44 million users, allowing SHIB to reach people who have never even thought about crypto.
Velcí držitelé SHIB už osmý den po sobě stahují tokeny z burz do cold peněženek, čímž dál snižují nabídku k okamžitému prodeji. CryptoQuant uvádí, že čistý odtok je rekordně záporný od 3. července.
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.
Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, SHIB's net flow on trading platforms has remained negative for a record eight consecutive days since July 3.
So-called smart money, which controls up to 94.5% of the token's supply, has reduced selling and withdrawn hundreds of billions of tokens to "cold" wallets over this period.
The movement of tokens over the past 24 hours is reflected in the following metrics:
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Massive outflow: 226.3 billion SHIB left exchange accounts for private addresses.Modest inflow: Around 131 billion SHIB was deposited on trading platforms for potential sale.Net deficit: Exchange order books lost a net 95.35 billion SHIB in just one day.Reserves near the bottom: Total SHIB holdings on centralized platforms fell to 86.69 trillion tokens.The meme coin's price stabilized near $0.00000438 as exchange supply continued to decline. SHIB has gained approximately 4.12% since the beginning of July, but it remains trapped in a narrow range after a difficult June, when the asset lost 24%.
Large transfers slow, but reserves keep fallingThe seven-day average number of SHIB deposits to exchanges fell by 69%, while the equivalent figure for withdrawals declined by 78%. This means overall large-transfer activity weakened significantly compared with the previous week.
At the same time, the negative netflow shows that exchange reserves continue to shrink despite the lower number of transactions. The amount of SHIB available for immediate sale on centralized platforms is gradually decreasing.
Shiba Inu (SHIB) exchange netflow since July 3 2026, Source: CryptoQuant You Might Also Like
One important detail is that token withdrawals alone do not prove that all transfers are related to accumulation. Some of the activity may involve funds being redistributed between custodial wallets, internal exchange operations, or changes in storage structure.
What this means for the SHIB priceA decline in exchange supply could reduce potential selling pressure. If demand begins to rise, the smaller amount of available tokens may amplify the price response to new buying activity.
However, the eight-day outflow streak does not yet confirm the beginning of a new uptrend. Trading activity and the number of large transfers are declining alongside exchange reserves, meaning the market will need stronger spot volume to break out of the current consolidation range.
In the coming days, the main indicators for the Shiba Inu coin will be exchange reserves, daily netflow, and trading volume. Continued withdrawals combined with stronger buying activity would provide more reliable confirmation of a shift in the market balance than negative netflow alone.
Oficiální účet Shiba Inu na X se 3,8 milionu sledujících začal nečekaně propagovat nízkokapové meme coiny a launchpad místo vlastního ekosystému. Zatím není jasné, zda jde o dohodu, zneužití účtu, nebo kompromitaci.
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 Shiba Inu (SHIB) token account on X, which has an audience of 3.8 million followers, has suddenly shifted away from its usual focus. Instead of covering the SHIB token and the development of its own ecosystem, the project's media infrastructure has begun actively promoting third-party meme tokens with extremely low market capitalizations.
Two unusual posts appeared on the profile one after another. In a reply beneath another account's post, the Shiba Inu account left a brief comment openly claiming that a new, little-known frog-themed token was superior to PEPE, a genuinely major project. The post it replied to included the micro-token's smart contract address.
Official X account of Shiba Inu (SHIB) cryptocurrency project, Source: XShortly afterward, another promotional reply appeared on the account, this time supporting a third-party meme coin launchpad and its native token. The publication was presented in SHIB's signature style, including grandiose slogans about a "mission to save meme culture" and emojis.
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The attention economy and three possible scenariosAmid fierce competition for liquidity, particularly during the summer slump, the entire crypto industry operates according to the rules of the attention economy. Major projects usually try to keep their audience focused on their own products rather than direct valuable traffic toward third-party assets, especially competing meme tokens.
The promotion of micro-cap assets to an audience of 3.8 million followers by a multibillion-dollar giant appears highly unusual and fits three possible scenarios:
Because this third-party launchpad has appeared in Shiba Inu's feed more than once, the publications may be part of an official commercial agreement. However, this raises the question of why the account's management would deliberately dilute its community's attention to promote highly speculative assets.It is also possible that individual SHIB developers or managers with access to the main account decided to monetize the project's enormous audience for personal gain.The possibility of an account compromise also cannot be ruled out. Publishing contract addresses in replies and encouraging users to buy new tokens are classic warning signs of a hacker attack. You Might Also Like
At the time of publication, official ecosystem representatives, including lead developer Shytoshi Kusama, had not commented on the situation. Until the context of these publications is clarified, SHIB investors and holders should exercise extreme caution and avoid rushing to follow links posted through the project's account.
SHIB spálil 110 milionů tokenů za jediný den, což je nejvíc za šest měsíců, ale cena přesto klesla zhruba o 4,57 % za den. Slabá poptávka po memecoinech dál převažuje nad efektem burnů.
Token burns often act as a mechanism to help a token diverge from broader market FUD.
The logic is simple: Burning tokens permanently removes them from circulation by sending them to dead wallets, reducing the liquid supply available in the market.
If demand stays the same or increases, this lower supply can create scarcity, supporting price and helping the token outperform the broader market.
The Shiba Inu community appears to be testing this thesis in real time. As the chart below shows, more than 110 million SHIB were burned on the 8th of July, marking the biggest single-day burn in six months.
More importantly, weekly burns have now climbed to 152 million SHIB, suggesting the burn rate is accelerating despite broader memecoin weakness.
Source: Shiburn However, the burns have yet to translate into any meaningful technical strength. SHIB is down around 4.57% on the daily chart, continuing to diverge from the typical scarcity-driven narrative.
The reason becomes clearer when looking at Shiba Inu’s [SHIB] supply dynamics.
Since launch, the SHIB community has burned more than 410 trillion SHIB, yet roughly 585.6 trillion tokens still circulate in the market.
In other words, the recent increase in burn activity removes only a tiny fraction of the total supply, failing to materially tighten the circulating supply. Without a meaningful pickup in demand, reduced supply alone is unlikely to reverse SHIB’s broader downtrend.
From a market perspective, this shifts the focus back to the broader memecoin sector. If sector-wide liquidity continues to weaken, deflationary tokenomics alone may not be enough to trigger a sustained FOMO rally.
Instead, SHIB is likely to remain more sensitive to broader memecoin capital flows than its own burn rate.
SHIB burn activity surges as memecoin weakness deepens The recent 110 million SHIB burn wasn’t an isolated event.
Instead, it capped off a broader pickup in burn activity.
According to Shibburn data, the Shiba Inu community burned 152 million+ SHIB over the past week, lifting the weekly burn rate by 55.77%. Most of that increase came from the 110 million SHIB burned, marking the network’s biggest single-day burn in six months.
Even so, SHIB’s price continues to ignore the spike in burn activity.
The token is down 5%+ over the past week, showing that lower supply alone hasn’t been enough to shift market structure. The memecoin market tells the story.
During the Q4 2024 rally, memecoins made up more than 10% of the total altcoin market cap. At press time, that share has dropped to just 3.7%, showing that capital has continued to leave the sector.
Source: CryptoQuant From a supply-demand perspective, demand clearly remains the limiting factor.
While token burns continue to reduce supply at the margin, the ongoing outflow of capital from memecoins has more than offset that effect. Until liquidity returns to the sector, demand (not deflationary tokenomics) is likely to remain the primary driver of SHIB’s price.
Final Summary SHIB burned 110 million tokens in its biggest burn in six months, but the price is still falling. Weak memecoin demand continues to outweigh SHIB’s token burns.
Počet držitelů SHIB vzrostl na 1 675 551, ale část komunity tvrdí, že růst je umělý a neodráží skutečné přijetí. WoofSwap to odmítá a označuje TheShibBull za zábavný komunitní experiment.
A fresh controversy has emerged within the Shiba Inu ecosystem after a community figure alleged that the network’s recent surge in wallet addresses does not reflect genuine adoption.
The development follows a sharp increase in Shiba Inu’s holder count. Earlier this month, the figure also surpassed the 1.6 million milestone. Since July 4, SHIB has added more than 75,000 wallet addresses, pushing the total number of holders to 1,675,551 (1.67 million).
At first glance, the rapid growth signals rising adoption. However, The Dark Shib argued that the increase stems from an automated distribution mechanism rather than new investors joining the ecosystem.
Analyst Questions SHIB Holder Count Growth According to The Dark Shib, the activity originates from TheShibBull, a verified smart contract created by decentralized exchange WoofSwap. The analyst claimed that the contract generates new wallet addresses and sends them small amounts of SHIB, causing blockchain tracking platforms to recognize those addresses as token holders.
Specifically, Dark Shib alleged that the contract uses blockchain data, including block hashes, to generate random Ethereum addresses before distributing as little as 1 SHIB to hundreds of wallets in each transaction.
As a result, the holder count increases even though the addresses do not belong to users who intentionally purchased SHIB, actively participate in the ecosystem, or contribute to network activity.
The analyst stressed that wallet count alone does not accurately measure adoption. According to him, inactive wallets holding negligible amounts of SHIB should not be treated as evidence of genuine community expansion.
Marketing Strategy? The analyst also questioned the contract’s administrative features, claiming that its owner can modify the amount of SHIB distributed and withdraw tokens held within the contract. Consequently, Dark Shib argued that the initiative cannot be viewed as a fully decentralized community effort.
Furthermore, the community member criticized WoofSwap for promoting SHIB holder milestones while simultaneously drawing attention to its RYOSHI token. The analyst suggested that the rising holder count may have been used as a marketing strategy to increase visibility for the affiliated project.
WoofSwap Defends TheShibBull Initiative WoofSwap rejected the allegations and defended TheShibBull as a lighthearted community initiative rather than an attempt to mislead investors.
In response, the DEX argued that although the contract sends 1 SHIB to randomly generated wallets, anyone who eventually controls one of those addresses could discover the deposited tokens.
Moreover, WoofSwap said the initiative was intended to make the SHIB community more enjoyable rather than contribute to ongoing disputes. The project encouraged developers to build creative experiences for SHIB rather than criticizing existing initiatives, describing TheShibBull as a fun experiment designed to celebrate the ecosystem.
That's a pretty interesting take!
Faking holder addresses doesn't make the whole thing useless.
Those wallets are randomly generated anyway. If someone actually claims one, they'll open it and find 1 SHIB waiting inside. Pretty fun, right?
We should do more stuff like this. It… https://t.co/JijrUgFbaP
— WOOF (@woofswap) July 6, 2026
Shiba Inu Holder Distribution Reveals Strong Whale Dominance Meanwhile, Shiba Inu’s holder count increased by another 0.002% over the past 24 hours, reaching 1,675,551 addresses. Despite the expanding holder base, ownership remains concentrated among a relatively small number of large wallets.
Data from Etherscan shows that whales account for just 707 wallets, representing 0.04% of all holders, yet they control 94.52% of SHIB’s market cap of $2.55 billion.
In comparison, sharks comprise 2,861 wallets (0.17%) and hold 1.77% of the market cap, while dolphins represent 29,833 addresses (1.78%) and control 1.89% of the token’s value.
Smaller investors make up the overwhelming majority of SHIB holders. Fish wallets total 188,958 addresses (11.28%) and collectively control 1.35% of the market cap. Crabs account for 479,350 wallets (28.61%) and hold 0.41%.
Meanwhile, shrimp remains the largest holder category by wallet count. They comprise 973,906 addresses, representing 58.12% of all SHIB holders, but collectively control just 0.05% of the token’s market capitalization.
Shiba Inu Tier Distribution Overall, the distribution highlights a significant gap between Shiba Inu’s expanding holder count and its ownership structure, as a small group of whale wallets continues to dominate the vast majority of the token’s market exposure.
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.
Komunita Shiba Inu varuje uživatele před zastaralými doménami; oficiálním vstupem do ekosystému je nyní pouze Shib.io. Na této adrese mají být i ShibaSwap a Shibarium.
A long-standing member of the Shiba Inu community, known as Mazrael, has issued a renewed warning to SHIB users regarding obsolete domain names associated with the ecosystem. According to his latest statement, these addresses—no longer managed by the project—should not be considered official access points for Shiba Inu services.
Shib.io now the official portalMazrael emphasized that Shib.io serves as the core portal for the Shiba Inu ecosystem, including ShibaSwap and Shibarium. He urged users to rely solely on this address and to carefully verify all official links for security reasons before interacting with the ecosystem or its products.
Glossary: Shibarium is a layer-2 blockchain network developed for the Shiba Inu ecosystem. ShibaSwap is the ecosystem’s decentralized trading application.
This warning extends beyond general ecosystem addresses. Mazrael also reminded the community about the domain name previously associated with the Shib The Metaverse virtual world project, clarifying its current status and management.
Shib The Metaverse domain no longer managed by projectAccording to Mazrael, the domain name tied to the Shib The Metaverse project is no longer owned or administered by the Shiba Inu core team. He cautioned that this address could potentially be purchased by third parties in the future, or repurposed for entirely different objectives.
For your safety, do not assume that any future content appearing at this domain is affiliated with the SHIB ecosystem.
This warning points to the risks of interacting with apparently official websites that are no longer connected to the project. Particularly after the decommissioning of older domain names, users are encouraged not to use these addresses for accessing official Shiba Inu services.
Verification urged before connecting walletsMazrael also noted that if Shib The Metaverse is relaunched, access is expected to be provided through Shib.io, rather than via an independent domain. This approach aims to centralize all official connections under a single, verified platform within the SHIB ecosystem.
When Shib The Metaverse becomes available again, access is expected to be through Shib.io, not any separate domain name.
His message to the community stressed the importance of double-checking links before connecting wallets, confirming transactions, or entering sensitive information. The risk remains particularly high that unofficial sites may emerge after old domains are decommissioned, targeting unsuspecting users.
Originating as a meme coin, Shiba Inu has grown over time into a larger crypto ecosystem, bringing together components like ShibaSwap, Shibarium, and metaverse initiatives. The latest warning is intended to clarify the project’s official access channels and reinforce user security.
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.
XRP ETF v USA přilákaly 6,55 milionu USD čistých přílivů, a to už osmý týden v řadě. Bitwise pokryl celý denní příliv a aktiva ve správě dosáhla 987,91 milionu USD.
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TL;DR
XRP ETFs took in $6.55M in net inflows on July 2, all from Bitwise. That marks an eighth consecutive positive week, pushing assets under management to $987.91M across seven funds — about 1.5% of XRP's market cap. The coin is trading at $1.09 against $1.10 resistance heading into a low-liquidity holiday weekend.Blockstream CEO Adam Back called the BIP-110 transaction-filtering proposal effectively dead, with mining-pool support at just 0.31% of hashrate.Shiba Inu coin slipped to 32nd place with a $2.55B market cap, overtaken by NEAR Protocol and Tether Gold. Exchange reserves are climbing back toward 87 trillion tokens after whales returned 493B coins in early July, following a 781B withdrawal in June. About $50M separates SHIB from re-entering the top 30.Bitcoin is holding its $59,000–$62,000 accumulation zone after whales added 270,000 BTC and spot ETFs flipped back to $221.7M in net inflows, but the prolonged Independence Day weekend leaves the market exposed to thinner order books, miner selling pressure, and exaggerated moves if BTC fails to hold above $61,000.American XRP ETFs closed their eighth positive week before the weekendFresh capital entered American spot XRP ETFs right before trading closed for the U.S. Independence Day holiday. The final pre-holiday session brought the funds a net inflow of $6.55 million, closing an eighth consecutive week of institutional buying firmly in positive territory, as per SoSoValue.
Bitwise's fund accounted for the entire day's haul, taking all of the week-ending volume while competitors such as Canary and Grayscale stood at zero. Total assets under management across the seven approved XRP funds have now moved close to the $1 billion mark, reaching $987.91 million. For a young sector, that is a meaningful 1.5% of the asset's total market capitalization.
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Total XRP Spot ETF Net Inflow Over the Last 30 Days, Source: SoSoValueTraders calmly absorbed even the freezing of the CLARITY Act crypto bill, whose vote on Capitol Hill was postponed until the end of the summer because of the recess. Accumulation was also not disrupted by the scheduled release of 1 billion tokens from escrow contracts on July 1. The network absorbed the entire volume without a drawdown, against the backdrop of a three-month record in new wallet creation on the XRPL blockchain.
The coin is now trading at $1.09, pressing against key resistance at $1.10. Thin trading over the holiday weekend could easily tip the balance: if buyers lock in a breakout, the asset will have an open road toward the psychological $1.15 mark, justifying July's historically strong status for XRP.
Adam Back declares collapse of Bitcoin's censoring BIP-110 soft forkBlockstream CEO Adam Back entered the ongoing debate around the BIP-110 proposal, calling the attempt to introduce transaction filtering into Bitcoin commercially stillborn. The well-known cypherpunk reacted harshly to the current disputes in the ecosystem, stating that the initiative had failed because of a lack of interest from investors and traders.
At the center of the conflict is a proposal to limit the network's capacity for non-monetary data such as Ordinals and Runes. According to Back, the desire to artificially clean blocks in the name of imaginary security directly contradicts Bitcoin's p2p nature.
i'm a cypherpunk, and have been running nodes since 1990s. exit remailers, tor, file sharing, bitcoin nodes. p2p networks don't exist unless people with mettle run nodes. filter bippers are weak leeches, scared to p2p, demanding to censor to make nodes "safe" for the weak to run.
— Adam Back (@adam3us) July 3, 2026 He stressed that this filtering fork is already dead on arrival, as the market has completely rejected it and exchanges currently have no long positions in fork futures. Back's words are also confirmed by current on-chain metrics: support for BIP-110 from mining pools has stalled at 0.31% of the total hashrate, making soft-fork activation through the UASF mechanism unrealistic.
Back compared the proposal's authors to people who unsuccessfully tried to burn down a rented house, only to end up outside and now "living in a tent" of their own filtering coin. At the same time, BIP-110 supporters continue to strengthen the defenses around their "granite castle."
The industry veteran concluded that the network's antifragility had once again rejected poorly thought-out ideas, and urged censorship supporters either to adapt or finally split off into their own altcoin.
87 trillion trap: Why Shiba Inu fell out of the top 30Shiba Inu (SHIB) has fallen out of the world's top 30 cryptocurrencies, settling at 32nd place with a market capitalization of $2.55 billion. The meme token failed to withstand direct pressure from NEAR Protocol at $2.6 billion and the tokenized gold asset Tether Gold (XAUt) pushing from behind.
While retail traders remain passive, keeping SHIB's daily trading volume at a modest $70.2 million, major players have started a tough positional battle as exchange reserves return to the critical level of 87 trillion coins, as per CryptoQuant.
This trillion-coin barrier has become a liquidity trap for the token. In late June, whales temporarily eased the pressure by moving 781 billion SHIB to cold wallets, but by early July they had replayed the scenario and returned a fresh batch of 493 billion tokens to exchanges.
Netflow of Shiba Inu (SHIB) coin on centralized exchanges month-to-month, Source: CryptoQuantThe rise in supply to 87 trillion is weighing on price action: investors see it as a sign that large wallets are ready to lock in profit on any local rebound, which firmly blocks growth in market capitalization.
Still, it is too early to write SHIB off. The gap from the coveted top 30 is a symbolic $50 million. Against the backdrop of Japanese competition between Mercari and Rakuten Wallet and expectations for a U.S. ETF from T. Rowe Price, the current drop looks more like a prolonged consolidation.
Whether the token returns to the top league depends on only one thing: whether July demand can absorb those trillions of coins hanging in exchange order books.
Crypto market outlook: Bitcoin accumulation and stablecoin pressure define July openingThe crypto market enters the prolonged Independence Day weekend with Bitcoin recovering above $61,000 after ETF outflows stopped, whales rebuilt exposure near $59,000–$62,000, and stablecoin competition intensified against Circle’s USDC dominance.
Bitcoin price action in Summer 2026, Source: TradingViewKey checkpoints:
Bitcoin accumulation phase confirmed: Whales added 270,000 BTC around $59,000 over two weeks, equal to roughly $16.7 billion in fresh accumulation. Long-term holders also shifted from distribution back to accumulation. The $59,000–$62,000 range is now the main investor positioning zone. Whale behavior and sentiment capitulation show larger holders are treating this area as a buy zone.ETF pressure eased before the holiday weekend: Bitcoin cleared $61,000 after a 10-day spot ETF outflow streak ended. U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows on July 3 after the jobs report reduced fears of a fresh rate-hike shock.July 4 liquidity risk: U.S. markets are entering a prolonged Independence Day weekend. That leaves crypto exposed to thinner liquidity, weaker institutional participation and exaggerated weekend moves.Stablecoin competition is escalating: OUSD launch pressure hit Circle, USDG scaled to $100 million on Robinhood Chain, and non-USD stablecoins reached $1.1 billion in supply, with transfer volume up 16x since 2023.Open USD targets USDC dominance: A new Open USD consortium backed by more than 140 firms, including Visa, Mastercard, BlackRock, Coinbase and Stripe, went live with free minting/redemption and shared reserve yield for partners. Circle stock dropped 14–17% as investors priced in direct competition.What matters next week: BTC needs to hold the $59,000–$62,000 accumulation base and keep ETF flows positive. The upside trigger is continued ETF demand plus progress on U.S. crypto market-structure legislation; the downside risk is renewed miner selling, failed ETF follow-through or thin-liquidity weekend pressure. You Might Also Like
Objem na DEXu na Shibarium spadl na nulu a na síti nebyly od 23. června zaznamenány žádné obchody. Aktivita v DeFi i počet denních transakcí dál slábnou.
Trading activity across the decentralized finance (DeFi) ecosystem on Shiba Inu’s L2 blockchain, Shibarium, has disappeared, as DEX volume currently sits at zero.
At press time, Shibarium DEX volume stood at zero, according to data from DeFiLlama, reflecting extremely weak on-chain participation.
Zero Trades Since June 23 Decentralized exchanges operating on Shibarium, including WoofSwap and ShibaSwap, have recorded no trading activity since June 23. The last recorded DEX transaction on the network occurred on June 22, when traders exchanged just $60 worth of assets.
Furthermore, throughout most of June, daily trading volumes on these platforms remained below $100, underscoring the lack of activity across the ecosystem. The slowdown highlights Shibarium’s struggle to attract meaningful DeFi adoption since its launch.
Shibarium DEX Volumes Dwindling DEX Activity After the mainnet went live in August 2023, the network initially showed encouraging signs of growth. DEX volume reached $6,800 in October 2024 before climbing to $54,000 in December 2024.
However, activity weakened in the following months. Although the development team attempted to revive optimism by promising faster ecosystem growth and higher DEX participation, trading activity continued to decline.
Shibarium briefly recovered in September 2025, when DEX volume rose to $47,000, before reaching a cycle peak of $86,000 in December 2025. Since then, trading activity has entered a prolonged decline, with many days registering no transactions at all across Shibarium-based DEXes.
Since October 2024, Shibarium’s decentralized exchanges have processed a cumulative $2.66 million in trading volume. That figure remains lower than the amount of DEX volume established networks such as Ethereum and Solana regularly process in a single day.
One major reason behind the weak on-chain metrics is that most trading involving Shiba Inu ecosystem tokens still occurs on centralized exchanges rather than on Shibarium’s native applications.
At press time, SHIB generated $56.4 million in 24-hour trading volume, with most transactions taking place on centralized platforms such as Binance and Coinbase.
Total Value Locked Remains Modest Despite weak trading activity, Shibarium’s total value locked (TVL) currently stands at $21,495, representing a 1.89% increase over the past 24 hours. While the increase suggests some capital remains within the ecosystem, the figure remains modest compared to competing DeFi networks.
Meanwhile, overall network usage continues to weaken. Shibarium currently processes only 889 daily transactions, with smart contract interactions accounting for most of that activity. The trend suggests that user engagement across the network remains limited and that DeFi adoption on Shibarium has yet to gain meaningful traction.
Shibarium Daily Transaction 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.
Investoři stáhli z burz více než 300 miliard SHIB a exchange rezervy klesly na 80,37 bilionu. Netflow zůstal záporný na -355,54 miliardy SHIB, což ukazuje na další akumulaci.
Despite Shiba Inu’s recent price weakness, investors have resumed accumulating the token, withdrawing more than 300 billion SHIB from exchanges over the past 24 hours.
Notably, Shiba Inu’s exchange reserve have retreated from recent highs, signaling renewed accumulation activity. The metric, which tracks the amount of SHIB held in exchange wallets, fell from approximately 80.5 trillion tokens to 80.37 trillion in less than 48 hours.
Recent Exchange Inflows Interrupted a Multi-Week Trend Before this week’s developments, Shiba Inu’s exchange reserves had been declining steadily for several weeks and had even fallen below the 80 trillion SHIB mark.
However, the trend briefly reversed earlier this week when investors transferred large amounts of SHIB to exchanges, according to data from CryptoQuant. Approximately 749 billion SHIB flowed into trading platforms, pushing exchange reserves to 80.53 trillion on June 23 and further to 80.55 trillion the following day.
Investors Return to Accumulation Contrary to expectations, exchange reserves failed to rise further as SHIB’s price plunged. Instead, they resumed their decline, dropping to 80.37 trillion tokens by press time.
The reversal suggests that many investors have returned to accumulation despite the broader market downturn. In particular, some holders appear to view current price levels as an opportunity to increase exposure rather than reduce positions.
SHIBA INU Exchange Reserve All Exchanges Negative Netflows Strengthen the Bullish Accumulation Case Exchange netflow data further reinforces the accumulation narrative. The metric, which measures the difference between exchange inflows and outflows, has turned negative and currently stands at -355.54 billion SHIB, representing a 2.12% decline in exchange balances over the past 24 hours.
Although inflows surged to 442.21 billion SHIB during the period, outflows significantly exceeded that figure and reached 797.76 billion tokens. As a result, exchanges recorded a net outflow of more than 355 billion SHIB, highlighting continued investor accumulation despite the recent correction.
Shiba Inu Flows to Exchanges Liquidation Wipes Out Over $200K Shiba Inu Leveraged Bets The latest accumulation trend emerged as Shiba Inu experienced another sharp decline that briefly pushed the token to around $0.0000040 earlier today. SHIB later recovered part of its losses and rebounded to approximately $0.0000042.
Nonetheless, the sell-off inflicted heavy losses on leveraged traders. According to liquidation data from CoinGlass, SHIB derivatives traders lost approximately $210,820 over the past 24 hours.
Long traders absorbed the overwhelming majority of the losses, with liquidations approaching $194,000. Meanwhile, short traders recorded comparatively smaller losses totaling about $16,870.
Shiba Inu liquidation 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.
Rakuten Wallet začne vyrábět fyzické SHIB mince a zdarma je bude rozdávat na offline akcích, aby oslovil 44 milionů uživatelů svého ekosystému. SHIB už také integroval do platebního systému Rakuten Pay.
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.
Japanese crypto exchange Rakuten Wallet will launch the production of tangible Shiba Inu (SHIB) souvenir coins, and metal replicas of the meme coin will join the company's branded "Real Coin" lineup, which already includes physical versions of Bitcoin, Ethereum and Ripple.
The company plans to distribute this merchandise for free at offline events and exhibition booths, using hands-on interaction as the main marketing tool to attract 44 million users of its ecosystem.
The release of physical souvenirs continues the marketing campaign in which the brand is using popular meme tokens. Earlier, Rakuten Wallet launched the interactive "Photo Contest 2026" on X, giving away digital SHIB and DOGE for dog photos. Now the company is partially moving this activity offline — the metal coins are expected to make cryptocurrency easier to understand for a more conservative retail audience in Japan.
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Rakuten Wallet announcing launch of physical Shiba Inu (SHIB), Source: XTo retain these users, Rakuten has also integrated SHIB into its Rakuten Pay payment system, making the digital asset available for payments at 5 million partner merchant locations.
How a 2025 regulatory green light triggered the Shiba Inu coin retail boom in JapanThese steps intensify Rakuten's competition with another Japanese retail giant — the marketplace Mercari and its crypto division Mercoin. Mercari has already integrated SHIB trading into its C2C app, allowing 23 million customers to buy the token from as little as 1 yen, using loyalty points or proceeds from selling second-hand goods.
According to Mercoin's financial reporting, this approach helped it attract 4 million users, or about 30% of all crypto accounts in Japan, and for 85% of them, this was their first experience with digital assets.
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This kind of activity by major retailers is noticeably changing the landscape of the local crypto market, which for a long time remained almost entirely controlled by specialized exchanges. The mass use of SHIB in commercial campaigns became possible after the local regulator, the JVCEA, added the token to the official "Green List" of approved assets in November 2025.
Now major corporations are definitively rebuilding the industry around themselves, turning cheap meme tokens into familiar digital merchandise and a loyalty tool.
Kalshi přidala perpetual futures pro Zcash, NEAR Protocol, Dogecoin a Shiba Inu, čímž rozšířila nabídku kryptoměn na 13 aktiv. Produkty jsou nabízené v regulovaném rámci CFTC, bez expirace.
Kalshi has added perpetual futures contracts for Zcash ($ZEC), NEAR Protocol ($NEAR), Dogecoin ($DOGE), and Shiba Inu ($SHIB) to its platform, the latest step in a rapid expansion of the prediction market operator's regulated derivatives business.
Four New Contracts, 13 Crypto Assets Total The additions bring the total number of supported crypto assets to 13, alongside Bitcoin and other altcoins. Zcash perpetuals are offered with up to 2x leverage, while NEAR contracts allow leverage of up to 2.6x. Shiba Inu's perpetual contract, listed under the ticker KSHIB, also carries a maximum leverage ratio of 2x.
The contracts trade under Kalshi's American Perpetuals label, a product line that never expires and instead settles through periodic funding payments between traders. The contracts are available through a structure approved by the U.S. Commodity Futures Trading Commission and do not carry expiration dates.
Kalshi opened its perpetuals push in late May with Bitcoin, the first such contract ever cleared for trading on a U.S. venue. Ethereum, XRP, Solana, and Hyperliquid followed through June under the same regulated framework. Kalshi is the first company in U.S. history to offer regulated perpetual futures to American traders.
Some Contracts Still Awaiting CFTC Sign-Off Kalshi has already secured approval for most of its filed products, though contracts linked to Stellar, Polkadot, and Hedera remain under review by the CFTC. Because such products may vary significantly depending on the assets they reference, the Commission took the view that a voluntary, case-by-case review process under Regulation 40.3 is the appropriate route for listing perpetual contracts, rather than self-certification.
The approvals came despite CME Group's lawsuit against the U.S. CFTC and its chairman, alleging that these contracts are swaps. The SEC and CFTC are also requesting public comments to clarify and harmonize definitions of derivatives products, especially swaps.
Last year, crypto exchanges processed $86 trillion in perpetual futures volume, according to data from CoinGecko. The bulk of that activity has historically taken place on offshore platforms, making Kalshi's regulated onshore offering a notable structural shift for U.S. traders.
Sources:
crypto.news: Kalshi launches Zcash and SHIB perps as lawsuit heats up
CFTC: Order for Approval of Kalshi BTCPERP Contract
CoinDesk: U.S. CFTC opens crypto perp door with approval of first regulated firm
