Track market-moving stories before they get noisy

What Was The 1.16 Trillion SHIB Move About?Blockchain data from Arkham Intelligence showed Coinbase moved the tokens across three newly created wallets with no prior transaction history, without touching the spot market order book at all. 

Crypto analyst LuckSide Crypto said in a YouTube video the transfer is routine internal custody management, not a selling signal.

The three transfers broke down as 573 billion SHIB from an unmarked wallet, 242 billion SHIB, and 348 billion SHIB. 

LuckSide Crypto noted that exchange supply overall keeps falling, which he views as a long-term constructive sign regardless of the size of the internal movement.

Moreover, SHIB recently fell as low as 33rd in the crypto market rankings before climbing back to 31st, recovering ground as selling pressure eases.

Is Selling Pressure Actually Easing?SHIB’s daily volume has dropped from around $100 million to the $50 million to $70 million range while price has been trading sideways, a sign the heavy capitulation selling from earlier this year is starting to flatten out.

The analyst said that whale wallet counts continue rising even as price has not followed, a setup that typically precedes accumulation phases rather than fresh breakdowns. 

He noted the June lows were some of the most oversold readings SHIB has produced in its history, comparable only to August 2024.

Key catalysts to watch next week include the Clarity Act Senate floor vote, an FOMC meeting, and a PCE inflation report, all of which could inject volatility into the broader crypto market and directly impact SHIB’s next directional move.

Is Shiba Inu Price Showing Signs Of A Bullish Reversal?SHIB remains in a bearish trend structure with the 20-day SMA below the 50-day and the 50-day below the 200-day, keeping the path of least resistance pointed down. 

The token is down 70% over the past 12 months, which means any bounce faces overhead supply quickly.

MACD sits above its signal line with a positive histogram, an early sign that downside pressure is easing even if the bigger trend has not flipped yet. 

Moreover, SHIB has tested its 20-day moving average every session this week and been rejected each time, with the $0.00000504 level acting as the key support zone to watch on any pullback.

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Shiba Inu has seen over 3 million tokens burned in the last 24 hours, yet its burn progress remains slow.

The daily burn rate remains in the red and is down 15.80% while the weekly and monthly burn rates stay down by 28.12% and 37.44% respectively.

59.77 million SHIB worth $251 was burned in the last seven days, culminating in 286.85 million SHIB being burned in the last 30 days.

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The total SHIB burned from the percentage supply is still at 41.08%, which shows that there is consistent burning of tokens but not enough to make a dent in the SHIB supply just yet.

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A total of 410,840,447,753,352 SHIB have been burned in 21,266 transactions so far; contributing to this significant figure is Ethereum creator Vitalik Buterin's massive 410 trillion SHIB burn in May 2021.

SHIB stays quietShiba Inu continues to remain calm in the market as the price seeks a bullish catalyst to make a positive move. At the time of writing, SHIB was down 1.63% in the last 24 hours to $0.000004164 but up 0.82% weekly.

A shallow retreat across the majors as Bitcoin ranged near $65,000 has led to a decline across most crypto assets. On Thursday, jobless claims for the week ended July 18 came in at 187,000, below the 212,000 that economists polled by Dow Jones had expected.

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The declines barely dented the weekly picture, with most majors remaining green on the week. There was no single catalyst behind Friday's move, more a pause after the run-up than a reversal.

Eyeing a potential market recovery, the combined picture does not support a strong liquidity-expansion thesis. According to CryptoQuant, stablecoin purchasing power may be stabilising at the margin, but it has not returned at sufficient scale to provide a durable tailwind for the wider crypto market.

The near-term price implication is neutral to mildly constructive. Crypto prices could benefit if positive net flows persist, but a stronger upside signal would require exchange reserves to stabilise and minted supply to consistently exceed redemptions.

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.

Shiba Inu, a popular meme-based cryptocurrency, is experiencing downward price pressure in July after losing momentum early in the month. The token recorded a decline of 0.98% over the last 24 hours, trading at $0.000004130 as of the latest available data.

Exchange netflow signals accumulationDespite the price drop, onchain analytics tell a more nuanced story. According to data from CryptoQuant, Shiba Inu’s exchange netflow decreased by more than 3% in the past day, resulting in a negative balance of -145,196,700,000 SHIB.

A negative exchange netflow generally indicates that more tokens are being withdrawn from exchanges than deposited. This is often interpreted as a bullish indicator, as it suggests that investors are moving assets to private wallets to hold rather than preparing to sell.

The shift comes after several days marked by caution among traders. Some analysts suggest that renewed accumulation hints at growing optimism, with buy activity on spot markets starting to overtake selling pressure.

Mini dictionary: CryptoQuant, a blockchain analytics platform, provides data-driven insights on cryptocurrency market trends, including real-time exchange flows, onchain metrics, and investor behavior.

Shiba Inu’s exchange netflow fell by more than 3% in the last 24 hours to -145,196,700,000 SHIB, signaling that accumulation is again outpacing sell-offs as more tokens move from exchanges to private wallets.

July performance remains negativeWhile exchange data may hint at potential bullish momentum ahead, Shiba Inu’s return for July currently stands at a loss of 1.74%. The subdued performance has raised doubts among some traders regarding the likelihood of positive monthly gains.

IndicatorCurrent ValueChangePrice$0.000004130-0.98% (24h)Exchange netflow-145,196,700,000 SHIB-3% (24h)July return-1.74%N/AMarket observers note that, should accumulation trends persist and selling ease further, Shiba Inu could reverse its recent losses and aim for a positive close to the month.

Outlook improves as sentiment shiftsThe overall sentiment in the market remains cautious, but increasing withdrawals from exchanges and early signs of buying pressure have fueled hopes that a trend reversal may be underway.

If confidence among buyers continues to build, Shiba Inu may attempt to recover lost ground and repeat previous gains seen in stronger market conditions.

The recent negative netflow hints that Shiba Inu is seeing renewed interest from holders, potentially setting the stage for a price rebound should market sentiment continue to improve.

As the month progresses, traders and investors will be watching for further onchain confirmation of this shift and for any signs that positive momentum can be sustained.

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.

A significant on-chain transaction has emerged in the Shiba Inu market, as a major investor reactivated their wallet to accumulate SHIB tokens for the first time in eight months, according to blockchain analytics firm Arkham.

Large investor activity draws attention amid market downturnWhile retail investors in Shiba Inu have largely been forced to realize losses due to the continued lack of substantial growth, data reveals a different approach from this particular wallet. Instead of selling, the account has been gradually increasing its SHIB position, taking advantage of discounted prices offered via the largest liquidity pool for SHIB on Binance.

Arkham data indicates the wallet strategically accumulated more than 50.25 billion SHIB tokens, valued at approximately $209,200, making SHIB the primary asset in its portfolio. The transactions mainly originated from Binance hot wallets and consistently moved tokens into the investor’s personal custody.

Arkham reported that the investor consistently withdrew SHIB from Binance, contradicting the notion of a random purchase and instead pointing to a deliberate and ongoing accumulation strategy.

The purchases follow a period of silence by the wallet stretching over eight months, highlighting a renewed appetite for SHIB at current levels. This turn comes at a time when Shiba Inu’s price dropped to multi-year lows, returning to support levels last seen in late 2022.

Mini dictionary: Arkham is a blockchain analytics company that provides real-time data on wallet activity, giving investors and researchers detailed information on large transactions and on-chain movements.

Market outlook: Shiba Inu at critical supportTradingView data shows that by the end of July 2025, Shiba Inu’s price had fallen to $0.000004142. This marked a retreat to the coin’s established support region from 2022 and the near erasure of momentum gained in early 2024.

With SHIB prices languishing at these historical support levels, further direction is expected to depend on whether large buyers can maintain a strong buy wall in Binance’s order book. A breakdown beneath the current support of $0.0000041 may trigger widespread stop-loss selling from retail traders, risking a deeper decline.

Analysts highlight that a decisive move may require a burst of trading volume on exchanges, combined with continued withdrawals of tokens to cold storage. Such actions would suggest robust accumulation and could create conditions for SHIB to attempt a breakout against local resistance—its first in two years.

MetricCurrent ValueLast SeenSHIB price$0.000004142End of July 2025Main support levelNear $0.0000041Late 2022Tokens accumulated by whale50.25 billion SHIBEight months after last purchaseToken value (approx.)$209,200July 2025If prices remain stable at current thresholds and accumulation continues, the Shiba Inu market may witness its most significant trend reversal attempt since 2022.

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’s layer 2 blockchain, Shibarium, recorded a sharp rise in daily transactions despite subdued activity across the rest of the Shiba Inu ecosystem. Shibarium Scan reported that daily transaction counts increased from 661 on July 21 to 1,151 on July 22, marking a 74% surge within just 24 hours.

Shibarium sees growth amid quiet marketThe jump in Shibarium’s transaction volume comes as the broader Shiba Inu ecosystem remained mostly inactive. This growth stands out, especially as the price of SHIB has struggled to find positive momentum in recent trading sessions.

At the same time, the general cryptocurrency market continued its consolidation phase, with many coins, including SHIB, declining. At the latest reading, SHIB fell by 1.54% over the previous 24 hours, trading at $0.000004166. SHIB’s weekly rise narrowed to just 0.51%, and the token has dropped 23% so far in July, closing each week of the month with losses.

Price struggles and low market activitySHIB’s recent price performance highlights a pattern of fading weekly gains. After failing to move beyond the $0.0000043 resistance, Shiba Inu appears poised for a period of sideways trading, with no immediate signal of a sharp move either up or down.

Santiment, a crypto analytics platform, noted in a recent report that trading volumes for large-cap cryptocurrencies have continued to decline since July 2024, reaching their lowest average levels in nearly two years.

Mini dictionary: Santiment is a blockchain analytics platform that provides insights using on-chain, social media, and development data to help crypto traders and investors evaluate market trends and behaviors.

The platform attributed this slowdown not only to waning trader enthusiasm, but also to persistent macroeconomic challenges, lower risk appetite, and diminishing confidence in altcoin rallies following recent sell-offs.

Trading volumes for large-cap cryptocurrencies have dropped to their lowest two-year average, with reduced spot demand and traders showing less willingness to rotate into altcoins, according to Santiment.

Impact of low trading volume on future price actionSantiment’s analysis suggested that a prolonged decrease in trading volume can influence market behavior in two ways. First, insufficient demand can make upward price rallies susceptible to rapid reversals. Second, thinner liquidity might pave the way for smoother upside moves should sellers exit and spot buying return.

Because risk sentiment remains weak and few traders are chasing altcoins, there is currently little social or trading energy to drive a shift in direction. Analysts observed that, under these market conditions, even modest increases in buying activity could help prices recover relatively quickly as liquidity remains thin.

DateShibarium Daily TransactionsSHIB PriceJuly 21661$0.000004166July 221,151$0.000004166For now, Shiba Inu’s key layer 2 network remains active even as SHIB price action shows little sign of immediate recovery. The market’s attention is fixed on whether renewed interest in the network will translate into a stronger trend for the flagship token.

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.

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.

Shiba Inu, a well-known meme cryptocurrency launched in 2020, continues to face difficulties on the price chart, with the token trading close to recent local lows after multiple failed attempts at recovery. Despite this ongoing price weakness, recent on-chain metrics indicate positive trends for the underlying network activity.

Seven out of ten on chain indicators turn bullishAccording to the latest on-chain analysis, seven of the ten primary indicators monitored for SHIB show bullish signals. This development points to a possible improvement in fundamental network conditions even as SHIB remains under pressure in the broader market.

A key factor is the reduction in exchange reserves, which typically signals lower selling pressure since fewer tokens are available on trading platforms. This trend is reinforced by the Exchange Netflow, which remains negative at approximately -64.8 billion SHIB. Negative netflow suggests that more tokens are being withdrawn from exchanges than deposited, often interpreted as accumulation by investors.

Another indicator, Active Addresses, has risen by over 1% in the last 24 hours. This modest increase in address activity suggests ongoing user engagement, with the network still attracting participants despite the price decline.

Exchange outflows have also exceeded inflows, with about 250.2 billion SHIB withdrawn compared to 185.4 billion SHIB deposited. This data implies that investors are moving more tokens into self-custody instead of preparing them for sale.

Further support comes from Exchange Inflow Mean and Exchange Outflow Mean metrics. Both metrics have increased, but the average size of outflow transactions is notably higher, implying that larger holders are moving sizable amounts of SHIB out of exchanges.

On the technical side, the Relative Strength Index (RSI) for SHIB has emerged from oversold levels and is gradually climbing. While the token remains below significant moving averages, these momentum indicators suggest that bearish sentiment is beginning to ease.

However, three of the ten main signals remain bearish to neutral. SHIB continues to trade below its 50-day, 100-day, and 200-day moving averages. Exchange reserve values in US dollars have fallen along with the token’s price, and inflows to exchanges remain high, reflecting ongoing caution among market participants.

Despite multiple attempts at price recovery being rejected and the technical outlook for Shiba Inu remaining bearish, analysts note a clear divergence between weak chart performance and improving on chain metrics.

On chain trends point to potential recoveryIf accumulation continues and exchange-held balances keep declining, some market observers believe SHIB could be preparing for a more significant rebound once broader market sentiment improves. For now, on-chain participants appear notably more optimistic than the token’s price chart might suggest.

Shiba Inu is an Ethereum-based meme coin that has built a strong online community and gained widespread attention alongside similar meme tokens. While its price has struggled recently, network activity and accumulation trends may offer hope for a future turnaround.

Mini dictionary: Relative Strength Index (RSI), A momentum indicator that measures the speed and change of price movements, commonly used by traders to identify overbought or oversold conditions in a market.

IndicatorCurrent StatusImplicationExchange reservesDecreasingLower selling pressureExchange netflow-64.8 billion SHIBAccumulation trendActive addresses+1% (last 24h)Increased user activityExchange outflow/inflowOutflow 250.2B/ Inflow 185.4BMore tokens into self-custodySHIB price vs MAsBelow all major MAsBearish technical outlookDisclaimer: 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 is closing in on a return to the top 30 cryptocurrencies after investors withdrew billions of SHIB tokens from centralized exchanges.

It has been more than two weeks since Shiba Inu dropped out of the top 30 amid prolonged weakness across the broader crypto market. The downturn pushed SHIB to 33rd place on CoinMarketCap’s rankings, raising concerns that the token could slip even further below the top 35.

However, SHIB has defied those expectations. The token has steadily recovered and now ranks as the world’s 31st-largest cryptocurrency, putting it within striking distance of re-entering the top 30. 

At the time of writing, Shiba Inu trades at $0.000004230 with a market cap of approximately $2.49 billion. It trails Tether Gold (XAUt), which currently occupies the 30th position on CoinMarketCap, by only $20 million in market value. 

SHIB Ranking Exchange Outflows Reduce Immediate Selling Pressure Shiba Inu’s recent recovery coincides with significant exchange withdrawals, a trend that typically signals reduced selling pressure.

According to CryptoQuant data, investors withdrew 235.93 billion SHIB from centralized exchanges over the past 24 hours, while 161.74 billion SHIB flowed into trading platforms. As a result, the exchange netflow stood at -74.18 billion SHIB, indicating that approximately 74.18 billion tokens left exchanges during the period. 

Shiba Inu Exchange Flows This negative net flow suggests that investors are moving SHIB into private wallets rather than keeping the tokens on exchanges for immediate sale, potentially easing short-term selling pressure. Despite these withdrawals, exchanges still hold approximately 86.2 trillion SHIB.

Technical Outlook Remains Mixed Although SHIB has regained momentum and moved closer to the top 30 ranking, analysts remain divided on its short-term outlook.

Recent technical analysis suggests that Shiba Inu is mirroring its 2023 price structure. Based on that pattern, analysts believe SHIB could decline by at least 20% before staging a recovery toward the $0.0000055–$0.0000056 range.

Meanwhile, on-chain data continues to paint a cautious picture. Shibarium’s daily transaction count has fallen to just 661, reflecting weaker network activity. At the same time, the SHIB burn rate has dropped sharply, declining from a recent high of 13 million burned tokens to 2.42 million.

While strong exchange outflows have helped support Shiba Inu’s recent rebound, the token still faces notable headwinds. Weakening network activity and slowing token burns could limit the pace of any sustained recovery, even as SHIB edges closer to reclaiming a place among the top 30 cryptocurrencies by market capitalization.

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.

Fresh on-chain data has indicated a significant degree of centralization in Shiba Inu ($SHIB), as just 707 large wallets reportedly control up to 94.49% of its circulating supply. This finding comes from Etherscan’s Whale Concentration metric, which also shows that these major holders possess SHIB valued at approximately $2.36 billion. In contrast, retail investors are estimated to account for less than 2% of the supply.

Centralization and market risksAnalysts state that if these figures reflect actual withdrawals from exchanges, order books could become highly illiquid for SHIB. Such a scenario may result in sharp price swings once large buying or selling orders hit the market, potentially amplifying volatility. Some market observers believe this could also set the stage for a notable price reversal if demand surges.

Mini dictionary: Etherscan is a leading Ethereum blockchain explorer and analytics platform, and its Whale Concentration metric tracks the proportion of a token held by large wallets.

With such a high concentration of supply in relatively few addresses, the likelihood of sudden and pronounced market movements increases. If a handful of these wallet holders decide to sell or move tokens, the impact could be significant given the limited liquidity.

Technical signals and upside potentialAccording to chart analysis shared on TradingView, SHIB’s extended downtrend may be reaching an endpoint. Technical indicators, including a series of bullish signals from the Relative Strength Index (RSI), have emerged near the local bottom—supporting the outlook for an imminent rebound.

The primary technical resistance is the 200-day exponential moving average (EMA), which is now considered the main price magnet for a potential rally. From current levels, this EMA implies an upside potential of 39%. Analysts note that the 200-day EMA aligns with a historical high-volume trading range, with Shiba Inu’s market capitalization expected to reach between $3.49 billion and $3.54 billion if this target is achieved.

Current Value39% TargetMarket Cap Milestone$2.50 billion (31st place)$3.50 billionPotential entry into top 25The limited supply of SHIB available on exchanges could accelerate movement toward these price levels if significant demand returns to the market.

Impact on global rankingsIf SHIB’s price rises by 39%, the coin’s market capitalization would reach about $3.50 billion. This move could boost Shiba Inu’s position in the global rankings, possibly allowing it to surpass six major cryptocurrencies: Tether Gold, Cronos, PayPal USD, Avalanche, Sui, and Hedera.

At present, SHIB ranks 31st by market capitalization. The projected rally may enable the token to close the gap with competitors and enter the top 25 cryptocurrencies listed by CoinMarketCap.

Should SHIB overtake Global Dollar, which currently holds a market cap of $3.24 billion, the coin would advance to 24th place worldwide in terms of value among cryptocurrencies.

With 94.49% of $SHIB held in 707 wallets, any large-scale move by these holders could rapidly shift the market. Technical indicators point to a potential comeback, with a rebound target that could elevate Shiba Inu into the top 25 cryptos if realized.

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 continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing.

This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.”

Bearish Trend Remains Firmly Intact for Shiba Inu According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.

More importantly, the 50-day EMA continues to trade below the 100-day EMA, maintaining a bearish crossover that typically signals sellers remain in control of the market.

As long as SHIB stays beneath both moving averages, the broader technical structure continues to favor further downside. Consequently, any short-term price rebounds are likely to be corrective rallies rather than the beginning of a sustained bullish reversal.

Shiba Inu Must Reclaim a Key Resistance Level: Dukes Despite the prevailing bearish outlook, Dukes identified $0.00000458 as the first major resistance level bulls must reclaim.

This price previously served as a strong support zone before breaking down and subsequently turning into resistance. He suggests that a decisive breakout above $0.00000458, followed by a strong daily close, would mark the first meaningful improvement in SHIB’s market structure and suggest buyers are beginning to regain control.

Until then, however, the dominant bearish trend remains unchanged.

Shiba Inu TradingView Chart Momentum Indicators Hint at a Potential Recovery Although the overall trend remains negative, several momentum indicators suggest selling pressure may be easing.

The Relative Strength Index (RSI) has started to recover after previously falling into weaker territory. However, it still trades below the neutral 50 level, indicating bearish momentum continues to outweigh bullish strength despite the recent improvement.

Meanwhile, the Stochastic RSI (StochRSI), which measures the speed and momentum of price movements, continues to climb steadily without entering overbought territory. This suggests SHIB could have additional room for a short-term recovery before bullish momentum becomes overstretched. 

Another Major Barrier Awaits Bulls Even with improving momentum readings, Dukes noted that Shiba Inu’s trading volume remains relatively subdued, highlighting the lack of strong conviction from either buyers or sellers.

He emphasized that any breakout above the immediate resistance would require significantly stronger buying activity to confirm a sustainable recovery rather than another temporary bounce.

Even if SHIB successfully reclaims the $0.00000458 resistance level, Dukes believes another significant challenge lies around $0.00000520. This price marks the next major resistance zone, where sellers could once again step in and cap further gains. As a result, bulls would likely need to overcome both resistance levels before Shiba Inu can establish a more convincing medium-term recovery.

SHIB Still Trades Far Below Its Record High At press time, Shiba Inu remained significantly below its all-time high of $0.00008845. Trading around $0.00000424, the token has declined 95.2% from its peak.

While SHIB has gained a modest 1.04% this month, it remains down 38.58% since the start of the year. The token currently ranks as the 31st-largest cryptocurrency by market capitalization, a notable decline from late 2021, when it consistently ranked among the world’s top 10 digital assets.

Meanwhile, trading activity continues to weaken, with daily volume falling 6.08% over the past 24 hours to $42.98 million, underscoring the lack of strong market participation despite tentative signs of improving momentum. 

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 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.

Following one of the biggest market rallies of the year, Hyperliquid is currently experiencing its first significant correction. Before sellers intervened forcefully and drove HYPE back towards the crucial $58 support zone, the asset briefly traded close to the $75–76 range. The fact that HYPE is still above its 100-day EMA at $57 is the strongest directional signal right now. 

This moving average, which served as dynamic support during the advance, is currently being tested for the first time since the breakout. The larger uptrend would continue if this level were maintained. But momentum is obviously losing ground. 

HYPE/USDT Chart by TradingViewDaily candles continue to display lower highs since the June peak, the RSI has dropped toward 40, and the 20-day EMA has rolled over. Compared to the buying frenzy that accompanied the move from $40 to above $70, volume has also significantly decreased. Bulls have good news: the long-term structure is still positive. 

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While the 50-day EMA is currently at $64.7, the 200-day EMA is still rising toward $50. Buyers might attempt another move toward $65 and ultimately $70 if HYPE can hold above $57-$58. 

A deeper retracement toward the 200-day EMA around $50 would probably result from a clear breakdown below the 100-day EMA. HYPE is no longer in breakout mode at this time. The market is evaluating whether the prior rally was sustainable or overly speculative during this validation phase.

Near Protocol's ResistanceDespite being stuck within a wide consolidation range, NEAR is exhibiting much greater resilience than many other altcoins. NEAR has been building a base above its long-term trend indicators for several weeks, in contrast to HYPE, which is correcting following a significant rally. While the 200-day EMA near $1.82 still offers structural support, NEAR is trading directly above the 100-day EMA around $1.87. 

NEAR/USDT Chart by TradingViewAs a result, the support cluster between $1.82 and $1.87 is rather strong. Bulls have also failed to recover the 50-day EMA at $2.02. Over the past month, every attempt at a recovery has stalled in the $2.00–$2.10 range, creating a clear resistance area that needs to be broken before a long-term uptrend can begin. The current equilibrium is reflected by an RSI of about 45. 

The sideways price movement observed throughout July is consistent with neither buyers nor sellers having established dominance. The overall outlook is still fairly optimistic. NEAR continues to print higher lows on the longer timeframe and has effectively recovered from sub-$1 levels earlier this year. 

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The predominant interpretation is accumulation as long as the asset stays above the 200-day EMA. $2.00 is the key level to watch. A clear breakout above it could put NEAR back above all significant short-term moving averages and pave the way for a move to $2.30–$2.50. On the other hand, much of the recovery structure developed over the previous few months would be rendered invalid if the $1.82 support zone were lost. 

Shiba Inu Looks WeakerFrom a technical standpoint, Shiba Inu is still among the weakest large-cap cryptocurrencies available. Every significant attempt at a recovery has been rejected at important moving averages, and the daily chart displays a consistent pattern of lower highs and lower lows that has persisted for nearly a year. 

SHIB/USDT Chart by TradingViewThe failed ascending channel that formed between March and May is the chart's most noticeable feature. Sellers intervened close to the 100-day EMA and forced a breakdown below support, but SHIB momentarily appeared poised to establish a medium-term reversal. The asset has not been able to pick up steam since. At the moment, SHIB is trading below the 20-, 50-, 100-, and 200-day moving averages. 

This alignment indicates weakness across all significant timeframes, making it one of the most obvious bearish structures. The first significant resistance level is still the 100-day EMA around $0.0000051, but the 200-day EMA around $0.0000061 is a much bigger barrier. On the other hand, there is a slight improvement. As the price stabilizes at $0.0000042, the RSI has recovered from oversold conditions and is progressively rising. 

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Additionally, volume has drastically decreased, indicating that aggressive selling pressure is starting to lessen. The issue for bulls is that renewed demand is not the same as waning selling pressure. A sustainable recovery narrative cannot emerge until SHIB breaks out above the declining moving-average cluster. 

Until then, the current structure appears to be more of a consolidation following a decline than the start of a new uptrend. The first indication that buyers are regaining control would be a move above $0.0000045. SHIB would be vulnerable to another leg lower and its long-term bearish trend would be reinforced if current support levels were not maintained. 

Dogecoin Does It BetterDogecoin's chart is strikingly similar to SHIB's, but DOGE is marginally more resilient due to a few minor differences. The meme coin has also been in a downward trend for several months, but this decline has been less severe and more orderly than SHIB's. At $0.072, DOGE is currently trading below all major moving averages. 

DOGE/USDT Chart by TradingViewA stacked resistance zone is created directly overhead by the 20-day EMA at $0.075, the 50-day EMA at $0.078, and the 100-day EMA at $0.087. This implies that traders who made purchases at higher prices immediately put pressure on the market to sell during every upward move. The RSI shows weak momentum as it remains below the neutral 50 level. 

However, DOGE is no longer generating significant downside extensions, in contrast to previous stages of the decline. Throughout July, the price has moved into a comparatively narrow trading range, indicating that volatility is decreasing. From a structural perspective, the recent lows around $0.07 remain the critical support. 

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A recovery toward $0.09 is conceivable if DOGE can maintain this zone and reclaim the 20-day and 50-day moving averages. That would be the first significant shift in the trend since May. 

Although DOGE is currently more stable than SHIB, it is still technically bearish. The next few weeks are crucial for determining whether accumulation is occurring below the surface, as the market appears to be looking for a bottom rather than accelerating into a new wave of selling.

Shiba Inu (SHIB), one of the most recognized meme coins on the market, has seen a dramatic increase in token burns over the last 24 hours. Despite millions of SHIB being permanently removed from circulation, the token’s price continues to trade around $0.0000042, near its lowest levels in recent years.

Millions of tokens burned, price remains unchangedAccording to on-chain data trackers, over 13 million SHIB tokens were sent to null crypto wallets within a single day, marking a notable uptick in burn activity. These burns, aimed at reducing the available supply, are often regarded as a strategy for strengthening token value over time.

However, the current price action has not reflected the intensity of the latest burn events. Analysts report that SHIB’s price has shown persistent weakness, with minimal price movement despite the sharp reduction in supply. The overwhelming size of SHIB’s circulating supply means that even large burns make little immediate impact unless accompanied by a substantial rise in demand.

Whale activity and technical signalsIn addition to increased burns, there has been clear evidence of whale accumulation as well as notable exchange outflows. Such activity typically signals that large holders are transferring coins to private wallets, which reduces selling pressure in the short term.

Technical analysis indicates that SHIB may be stabilizing after a prolonged downtrend. Early signs of a possible reversal are present but have yet to translate into significant price gains.

Mini dictionary: Whale, a term used in cryptocurrency markets to describe an individual or entity that holds large amounts of a particular digital asset, often having the ability to influence market movements through their trading activity.

Bulls want more than just burnsThe SHIB community has historically rallied around burn campaigns, believing they could spark price surges. This time, however, many traders are calling for new catalysts beyond supply reduction. Ecosystem growth, technical innovation, strategic partnerships, and direct utility are cited as the next requirements for SHIB to attract increased attention and capital.

Market participants are also watching for signs of real progress within the Shiba Inu ecosystem, including updates on Shibarium, the project’s proprietary layer-2 blockchain.

Mini dictionary: Shibarium, a layer-2 blockchain solution designed to improve the scalability and speed of the Shiba Inu ecosystem while reducing transaction fees and supporting decentralized applications.

While the recent rise in burns has fueled optimism in some circles, the dominant mood in the market is one of patience. Observers emphasize that only with meaningful ecosystem expansion and renewed trader interest will SHIB’s price begin to reflect supply reductions.

Market outlook remains cautiousWith billions of tokens remaining in circulation and cautious sentiment across digital assets, smaller supply cuts alone are unlikely to move SHIB’s price meaningfully. Community leaders and active traders suggest the coin needs to prove further adoption, utility, or innovation to regain upward momentum.

If whale accumulation and exchange outflows continue, and SHIB maintains its current support levels, some analysts believe there is potential for a more bullish scenario. Until then, burn activity alone appears insufficient to change the market’s outlook.

DateSHIB Tokens BurnedPrice MovementPast 24 hoursOver 13 millionFlatRecent weeksMillions (aggregate)Downtrend/stableDisclaimer: 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 (SHIB) extends gains, trading above $0.0000042 on Tuesday after breaking above the descending trendline the previous day. Strengthening on-chain data and improving derivatives metrics support further gains for the meme coin. 

Exchange outflows signal declining selling pressureCryptoQuant’s exchange netflow chart below shows five consecutive days of net outflows (red bar) since July 17. This indicates that traders are withdrawing SHIB from exchanges to their wallets, signaling reduced selling pressure, supporting a bullish outlook.

SHIB exchange netflow chart. Source: CryptoQuantDerivatives metrics support a bullish biasDerivatives data also supports a positive outlook for the meme coin. CoinGlass’ long-to-short ratio reads 1.02 on Tuesday. A ratio below 1 indicates bullish sentiment, as traders bet that asset prices will rise.

SHIB long-to-short ratio chart. Source: CoinglassIn addition, SHIB’s funding rates flipped positive on July 17 and have remained in bullish territory, with a reading of 0.0103% on Tuesday, indicating that longs are paying shorts and projecting bullish sentiment.

SHIB funding rates chart. Source: CoinglassShiba Inu Price Forecast: Breaks above the descending trendlineShiba Inu price extends its gains, trading above $0.0000042 on Tuesday after breaking out of the descending trendline (drawn by connecting multiple highs since mid-May) the previous day.

If SHIB continues its recovery, it could extend the rally toward the next daily resistance at $0.0000045. A close above this could extend gains toward the 50-day Exponential Moving Average (EMA) at $0.0000045.

The Relative Strength Index (RSI) on the daily chart reads 45, trending toward the neutral 50 level and indicating fading bearish momentum. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover, with rising green histogram bars, further supporting the positive outlook.

SHIB/USDT daily chartHowever, if SHIB continues its correction, it could extend the decline toward the yearly low at $0.0000040.

Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023. 

According to analysts, Shiba Inu’s recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.

For context, SHIB has remained in a prolonged downturn since losing the critical $0.00000628 support level in May 2026. Following that rejection, SHIB has continued to print lower highs and lower lows, confirming that sellers remain firmly in control of the market.

Price Action Suggests More Downside As the bearish momentum persists, SHIB has fallen below $0.0000042 and is now trading around $0.00000415, close to the lower boundary of its recent consolidation range.

Notably, this price structure closely mirrors SHIB’s performance between April and June 2023. During that period, the token traded sideways for several weeks before breaking lower and eventually establishing a local bottom. The current setup suggests that a similar sequence may be unfolding once again.

Based on the projected historical pattern, analysts expect SHIB could decline toward the $0.0000032–$0.0000033 support zone through late July and into August 2026. From the current price of $0.00000415, such a move would represent a decline of roughly 20%. 

Recovery Remains Possible After Support Test Despite the bearish outlook, the projected pattern also indicates that SHIB could stage a rebound after testing the expected support area.

If buyers step back into the market and overall sentiment improves, Shiba Inu could recover toward the $0.0000038–$0.0000040 range. However, a stronger bullish reversal would require SHIB to reclaim key resistance levels.

Specifically, the token would need to break above the $0.0000044–$0.0000045 resistance zone before targeting the more significant $0.0000055–$0.0000056 area. 

Historical Pattern Is a Guide, Not a Guarantee If the historical comparison continues to play out, SHIB could establish another local low before beginning a more sustained recovery. However, while the 91.2% pattern match highlights a credible short-term bearish scenario, it does not guarantee that the token will follow its 2023 trajectory exactly. 

At the time of writing, Shiba Inu has posted a modest 3.23% gain over the past 24 hours and 3.69% over the past week. Trading activity has also picked up, with SHIB’s 24-hour trading volume rising 7.58% to $55.46 million. Despite the recent recovery, however, Shiba Inu remains outside the top 30 largest cryptocurrencies by market cap. The token currently ranks 32nd globally, with a market capitalization of approximately $2.46 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.

Table of contents

Almost every page comparing these two ends the same cowardly way: both are great, do your own research, here is a buy button. That is not an answer, and anyone typing this comparison into a search bar has already narrowed the field to two and wants somebody to arbitrate. So this page arbitrates. Five rounds, each decided by a number, each declaring a winner, then a verdict with the single fact that would overturn it.

The Tale of the Tape Dogecoin (DOGE)Shiba Inu (SHIB)Price$0.07256$0.000004214Market capabout $11.26 billionabout $2.48 billion24h volumeabout $397 millionabout $56 millionTurnover ratio3.5%2.3%Circulating supplyabout 160 billionabout 590 trillionSupply capnone, inflates forever1 quadrillion, fixed, burningBelow all-time highabout 90.1%about 95.1%LaunchedDecember 2013August 2020 Live data as of July 21, 2026, from CoinGecko and CoinGecko. Prices in this sector move fast; verify before acting.

Round 1: Liquidity DOGE traded about $397 million in 24 hours. SHIB traded about $56 million. That is seven times the volume on four and a half times the market cap, which means the larger coin is also the more actively traded one relative to its size: a 3.5% turnover ratio against 2.3%.

Why this decides more than it looks like it should: turnover is the width of the exit door. In a panic, a coin with 2.3% daily turnover marks down much further to fill the same sell order than one at 3.5%. DOGE also enjoys the deepest exchange coverage in the meme sector and now appears in listed fund products with Dogecoin exposure, which brings a category of buyer SHIB does not yet have.

One honest note on our own data, because it complicates the win. When this site measured the same ratio on July 7, DOGE stood at 6.9% and SHIB at 2.9%. Both have thinned, but DOGE’s turnover has roughly halved in two weeks. It still wins this round comfortably. It is winning it with less than it had.

Winner: Dogecoin. Best argument for SHIB anyway: its volume expanded more than 50% day over day into this reading, which is the shape of interest returning rather than leaving.

Round 2: Supply This is the round that is not close, and it runs the other way.

Dogecoin has no maximum supply. New coins are minted continuously, roughly 5 billion per year against about 160 billion circulating, which is persistent single-digit inflation forever. Every year, DOGE needs new demand of that size simply to hold its price flat. There is a defensible argument that this is a feature, since the emission funds miners and keeps fees negligible for a coin designed as tipping money. There is no argument that it helps the holder.

Shiba Inu has a fixed maximum of one quadrillion tokens, about 590 trillion of which circulate, and its supply moves in the opposite direction: burns permanently remove tokens, and burn activity has picked up recently alongside the price. The quadrillion headline scares newcomers, but the direction of travel is what matters for the next holder, and SHIB’s direction is down while DOGE’s is up.

The honest limit on SHIB’s advantage: burns at their historical scale are small relative to a supply that size. They are directionally right and mathematically modest, and anyone promising that burns alone will reprice SHIB is selling something.

Winner: Shiba Inu. Best argument for DOGE anyway: predictable, transparent, unchanged inflation is a known quantity, and the market has priced it for twelve years.

Round 3: Ecosystem and Utility Dogecoin is deliberately simple. Payments, tipping, merchant acceptance, Proof of Work security, no roadmap to speak of. The simplicity is the product, and for a decade it has been enough.

Shiba Inu built the opposite: ShibaSwap for trading, Shibarium as a layer-2 network, BONE for governance and LEASH for scarcity, plus NFT and gaming projects around the edges. On breadth alone this is not a contest.

The question this site asks of every token applies here too: does any of that activity reach the holder? For SHIB, the honest answer is indirect at best. Shibarium usage feeds burns and narrative rather than a dividend, and the ecosystem’s health does not mechanically transfer to the token’s price. That is the same value-capture problem we examine on our Uniswap and Arbitrum pages, in meme clothing.

Winner: Shiba Inu, on optionality: a coin building things has more ways to surprise you than a coin that has finished being what it is. Best argument for DOGE anyway: it needs nothing to work. There is no roadmap to miss, no layer-2 to fail, no team to leave.

Round 4: Momentum and Structure Recent tape: SHIB up about 1.7% in 24 hours with volume expanding more than half day over day, and roughly flat across the week. DOGE up about 0.2%, roughly flat across the week as well. Both coins are, in plain terms, asleep, which is itself the useful observation: neither is participating in the current rotation that has favored older large caps and RWA tokens.

Our own level records apply. This site’s prediction pages named $0.070 as the floor DOGE must hold and $0.080 as the level that starts a catch-up trade; DOGE sits between them, still undecided two weeks later. For SHIB the marker was volume: we said watch the turnover ratio, and that a rally on dead volume deserves distrust. Volume is now expanding while price barely moves, which is the more constructive of the two sequences.

Winner: Shiba Inu, narrowly, on volume expansion into a flat price. Best argument for DOGE anyway: at 90% below its high with the deepest liquidity in the sector, it is the vehicle any broad meme rotation historically passes through first.

Round 5: Risk DOGE’s risks are structural and boring: infinite supply, dependence on personality-driven attention cycles, and a development pace that can charitably be called relaxed. Its saving grace is that none of these are new; the market has already survived all of them repeatedly.

SHIB’s risks are sharper. It trades about 95% below its 2021 peak, five percentage points deeper than DOGE, which tells you its last cycle unwound harder. Its thesis leans on Shibarium adoption, a burn mechanism that must scale meaningfully to matter, and a small group of known figures steering the project. Thinner turnover also means a rougher exit if sentiment turns.

Winner: Dogecoin. Best argument for SHIB anyway: risks that are visible and specific are easier to monitor than risks that are diffuse. You can watch Shibarium metrics and burn rates. You cannot watch whether a celebrity gets bored.

The Verdict Scorecard: Shiba Inu takes supply, ecosystem and momentum. Dogecoin takes liquidity and risk. That is 3 to 2 on rounds, and the rounds are not equally weighted for every reader, which is why the verdict is conditional rather than a coronation.

Dogecoin is the right choice if size and exit matter more to you than upside. It is the meme coin institutions can access, the one you can leave in a hurry, and the first stop for any sector-wide rotation.

Shiba Inu is the right choice if you are buying asymmetry. Smaller cap, shrinking supply, an ecosystem that could surprise, and a deeper hole to climb out of, which is another way of saying more room if it climbs.

The single fact that would flip this verdict: DOGE’s turnover ratio. It has halved in two weeks, from 6.9% to 3.5%. Liquidity is Dogecoin’s entire structural advantage, and if that ratio keeps falling toward SHIB’s level, DOGE becomes a slower coin with a worse supply schedule and no compensating edge. Watch that number, on this page, monthly. If it recovers above 5%, the verdict hardens toward DOGE. If it falls under 3%, this page will say so, and the recommendation changes.

This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.

Frequently Asked Questions Is Dogecoin better than Shiba Inu? On liquidity and risk, yes: DOGE trades about seven times more volume on a 3.5% turnover ratio against SHIB's 2.3%. On supply and ecosystem, SHIB is stronger. The right answer depends on whether you prioritize exit safety or asymmetric upside.

Which is safer, DOGE or SHIB? Dogecoin, on the specific measure of liquidity, which determines how easily a position can be exited. Neither is safe in absolute terms; both are attention-driven assets trading 90% or more below their peaks.

Can Shiba Inu flip Dogecoin? It did briefly in October 2021. Doing it again from a $2.48 billion cap against $11.26 billion requires roughly a 4.5x relative move, which historically only happens in full meme manias.

Which has more upside, DOGE or SHIB? SHIB has a smaller cap, a fixed supply and a deeper drawdown, which mathematically leaves more room. It also carries thinner liquidity and a thesis that depends on ecosystem adoption. More room and more risk are the same sentence here.

What is the main difference between Dogecoin and Shiba Inu? Supply and design. DOGE is an uncapped Proof of Work payments coin with no roadmap. SHIB is a capped, deflationary Ethereum token with a layer-2 network, a decentralized exchange and multiple companion tokens.

Should I buy DOGE or SHIB in 2026? This page gives a conditional verdict rather than advice: DOGE for liquidity and institutional access, SHIB for asymmetry. Both are high-risk speculation, and position sizes should assume drawdowns of 50% or more.

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.

TL;DR

Bitcoin's quantum discount hit a record 30% as Core developers resist freezing dormant addresses and Galaxy Digital launches a $5 million Quantum Readiness programXRP's 30-day MVRV turned positive, but the token still faces resistance at $1.146 and a bigger trend barrier at $1.416A new whale moved $2.76 million in SHIB off Coinbase to a fresh wallet, the second major withdrawal this week as the token consolidates near multi-month lowsBitcoin ETFs posted $727 million in net inflows over five days even as Bitcoin Knots developers and Michael Saylor clash over the BIP-110 proposalThursday's US jobless claims data is the next volatility catalyst ahead of the Federal Reserve's meeting later this month30% for fear: Why Bitcoin is trading at a quantum discountBitcoin's quantum discount has reached 30% for the first time in history, according to fresh data from the Capriole Investments model. With the current market price at $65,472, investors are pricing in an unprecedented risk discount: fundamentally, the asset is valued at almost twice as much, but uncertainty surrounding Q-Day continues to drag the price lower.

The discount continues to deepen, as it stood at 28% at the beginning of the summer.

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Capriole founder Charles Edwards added fuelby publicly taking aim at Bitcoin Core developers and directly asking whether they planned to do anything about the issue.

Bitcoin price chart to USD with discount factor, Source: Charles Edwards via XThe technical deadlock is that Google Quantum AI confirmed this spring that algorithms capable of breaking the secp256k1 curve, which underpins Bitcoin's security, are accelerating. To implement post-quantum protection, Core developers would have to forcibly freeze old "dormant" addresses, including Satoshi Nakamoto's one million coins — a step they are not prepared to take.

While Grayscale considers the panic premature, Citi analysts are warning about a "harvest now, decrypt later" strategy: hackers are already copying mempool traffic in order to crack it retroactively. Against the backdrop of Ethereum's migration to new signature schemes, Core's technological hesitation is costing the market exactly 30% in unrealized value.

While developers delay, businesses are taking the initiative. Galaxy Digital has launched a $5 million Quantum Readiness program to fund grants aimed at protecting the network from Shor's algorithm. Market momentum is building: Coinbase advisers are demanding an immediate code migration, while Project Eleven analysts predict that machines capable of threatening modern cryptography could emerge as early as 2030–2033.

XRP exits the "fear zone": Traders are profitable again, but the chart remains tenseInvestors who accumulated XRP over the past month have finally moved out of the red. According to Santiment analysts, the 30-day MVRV indicator for XRP and other major altcoins, including ETH, ADA and LINK, has crossed above zero, meaning that short-term wallets are now showing a small profit.

The turning point came after Bitcoin's comeback to $65,000. The market was supported by softer US inflation data and fresh inflows into crypto ETFs, which noticeably revived buyers, while the "Fear Buy Zone" of relatively safe bottom buying was left behind.

The rebound is real, but since traders are no longer sitting on losses, they now have a natural incentive to take profits. Any sign of the market cooling could trigger a rapid wave of selling.

Top cap 30-day MVRV comparison, Source: Santiment and SanbaseOn the daily chart, XRP is currently trading near $1.1331, up around 3.5% since the beginning of the week. The price found local support slightly above the psychological $1.00 level and is attempting to develop a full-fledged rebound.

Meanwhile, the Relative Strength Index has settled in neutral territory at 55, confirming that panic selling has stopped and buyers have gained some room to maneuver.

However, it is still too early to celebrate a global reversal, as the asset has now run into resistance at the short-term moving average near $1.1459. The main challenge for bulls remains the heavy long-term trend level around $1.4159.

Only a decisive breakout above this level would prove that XRP has finally broken the downtrend and is ready for significant growth.

Why are new whales vacuuming up SHIB at the local bottom?While retail traders are bored by the summer flat market, major players are quietly vacuuming up supply. According to Arkham Intelligence, Coinbase Prime has recorded a series of large Shiba Inu withdrawals to newly created wallets with no previous transaction history.

The main event was the transfer of 645.928 billion SHIB, worth around $2.76 million, to the address "0xd017dBe7C45".

This is already the second major purchase in a week. Just yesterday, another unknown whale withdrew 162.43 billion SHIB, worth approximately $672,000, from the same platform.

Why are they doing this? Moving tokens to private wallets removes them from exchange order books and reduces the available supply.

History of transactions of '0xd017dBe7C45' with Shiba Inu (SHIB) coin, Source: Arkham IntelligenceThe SHIB chart clearly shows that large capital is carefully buying the local bottom. After a prolonged decline from the May highs, the price found firm support in the $0.00000412–$0.00000423 range, where a bullish RSI signal formed.

The asset is currently trapped in a narrow corridor and trading at $0.00000428. However, the moving average at $0.00000450 is limiting the price from above, while the global downtrend, shown by the red line, remains much higher at around $0.00000594.

Major players are clearly using this prolonged consolidation and reset RSI to accumulate without drawing attention before a potential breakout from Shiba Inu's multi-month decline.

Crypto market outlook: Bitcoin ETFs stage a $727 million comeback while Saylor fights for codeThe crypto market appears to have found a local bottom. Spot Bitcoin ETFs snapped a steep outflow streak, pulling in around $727 million in net inflows over the past five days.

Institutional investors are adding fresh capital while a dispute over the BIP-110 upgrade splits Bitcoin's developer community. Bitcoin itself is holding in the $65,700–$67,200 range after US funds absorbed $227 million on July 20 alone.

Total Bitcoin Spot ETF Net Inflow over the last 30 days, Source: SoSoValueKey checkpoints:

ETFs are back in the game: After a prolonged period of capital outflows, Bitcoin funds delivered a five-day inflow streak of $727 million, their best result in almost three months. Ether ETFs added another $38 million on the same day, pointing to fading seller pressure.Bitcoin is holding its ground: The leading cryptocurrency is locked in a narrow range between $65,700 and $67,200. A breakout above resistance would open the way toward local highs, while a drop below support would put the market under pressure.BIP-110 splits developers: Bitcoin Knots developers, whose software runs around 23% of nodes, want to limit OP_RETURN to 83 bytes to cut spam transactions, NFT inscriptions and shitcoins off the network. Michael Saylor has publicly opposed the upgrade, calling it censorship and "monetary purity imposed from above." Opponents counter that market fees, not code restrictions, should regulate network use.Macroeconomic trigger: The main volatility catalyst this week arrives Thursday, July 23, when the US releases initial jobless claims data. The reading will shape rate expectations ahead of the Federal Reserve's meeting later this month. You Might Also Like

After weeks of steady decline, Shiba Inu has shown a slight but noteworthy recovery, with the well-known meme asset rising by about 1.7% during the most recent trading session. The move is notable because it came after a protracted period of diminishing momentum and almost constant selling pressure, even though it is insufficient to change SHIB's overall bearish trend. 

SHIB has recovered from local lows set earlier in July and is currently trading at about $0.0000114. The rebound occurs as the token makes an effort to hold steady above a crucial support area that has drawn buyers on multiple occasions over the previous few weeks. Technically speaking, the shift seems to be motivated more by seller fatigue than by aggressive new purchases. 

SHIB/USDT Chart by TradingViewSHIB is still below all significant moving averages, according to the chart. The long-term market structure is still bearish because the 50-day EMA is close to $0.0000118 and the 100-day and 200-day trend indicators are still significantly higher. Nonetheless, a number of indicators suggest that the downward momentum has started to wane. The RSI is now getting close to the 42 level after recovering from oversold territory. 

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This shows that selling pressure is no longer controlling the market to the same extent as it was in June and early July, even though it is still below neutral. The concept of stabilization is also supported by volume dynamics. Speculative mania is not driving the current rebound because trading activity has not skyrocketed. Rather, SHIB seems to be establishing a short-term base following a protracted decline. Overhead resistance continues to be the largest obstacle for bulls. 

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The $0.0000118 and $0.0000120 resistance levels have now turned into resistance zones. A successful move above those levels could pave the way for the 100-day moving average and would be buyers' first significant technical victory in months. 

On the downside, SHIB would soon be vulnerable to another test of recent lows if support were not maintained at current levels. Traders should not assume that a single green session signals the start of a more significant trend reversal, due to the asset's propensity for extreme volatility. 

Ethereum Yet to Be TestedAs the second-largest cryptocurrency continues to recover from the severe June sell-off, Ethereum is getting close to what might be its most significant resistance test in recent months. ETH has risen back toward the $1,900 area after recovering from lows close to $1,550, putting it squarely below a significant technical barrier that may decide whether a move toward $2,000 materializes. 

Ethereum is currently trading at about $1,870 and has established a series of higher highs and higher lows throughout July. Growing momentum and a successful recovery of the 50-day and 100-day moving averages have bolstered this comeback. Bulls now have a stronger base than they did a few weeks ago because the 50-day EMA around $1,796 and the 100-day EMA around $1,732 have moved into support. The most significant obstacle is still ahead. 

ETH/USDT Chart by TradingViewThe 200-day moving average for Ethereum is currently being tested close to $1,936, a level that has frequently served as resistance throughout 2025. This region is more significant than just a moving average. Additionally, ETH would return above a crucial psychological threshold and greatly improve market sentiment if it broke above the 200-day trend line. The current price structure indicates a rise in buyer aggression.

 Despite sporadic profit-taking, Ethereum formed a robust V-shaped recovery after the capitulation event in June and has continued to push higher. Throughout the advance, trading volume has stayed high, suggesting real participation as opposed to a purely speculative bounce. 

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Momentum metrics lend credence to the bullish argument. The RSI has increased to about 60, indicating that demand is getting stronger, while it is still below overbought territory. In the event that resistance starts to wane, this allows for another leg higher.

The $2,000 level, which is still the next important psychological and technical target, would probably be reached with a clear close above $1,936. If the price breaks above $2,000, more momentum buying may occur, forcing sidelined investors to return to the market. Failure at current levels, though, might cause a brief decline toward support at $1,800. Such a move would postpone Ethereum's attempt to recover one of the most significant price levels in the market, even though it would not necessarily invalidate the recovery.

Bitcoin's Momentum Is ThereAfter recovering from its dramatic June correction, Bitcoin is quietly gaining momentum. The current technical structure indicates that the market still has room to rise before running into significant resistance. As buyers continue to defend higher lows, the path toward $68,000 seems more plausible, with Bitcoin currently trading at $64,600. 

Bitcoin's successful comeback above the 50-day and 100-day moving averages is the chart's most significant development. In contrast to the market structure observed only a few weeks ago, the 50-day EMA near $63,700 and the 100-day EMA around $63,100 are now functioning as support rather than resistance. 

BTC/USDT Chart by TradingViewAfter Bitcoin briefly fell below $60,000 due to a sharp sell-off, buyers intervened forcefully, setting off a series of higher lows. The recovery has been gradual rather than rapid, which frequently provides a stronger basis for long-term upward movement. Technically speaking, the next major barrier does not appear until the $68,000 range. 

This region is in line with the 200-day moving average, which is currently close to $68,100. Traders are likely to see this zone as the first significant test for the continuing recovery, since long-term trend indicators frequently attract significant selling activity. The bullish argument is still supported by momentum indicators. 

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The RSI has increased above 54, indicating that demand is improving without entering overbought territory. This is significant because it implies that Bitcoin still has potential to grow before its momentum becomes stretched. 

Following the June panic, volume has also stabilized, suggesting that the market is no longer going through the aggressive liquidation phase that defined the previous decline. Rather, as confidence reappears, participants seem to be progressively rebuilding their positions. But the overall trend is still uneven.

Even though the short-term outlook has significantly improved, Bitcoin is still far from the highs set earlier in the year and is still trading below its 200-day moving average. Bulls must demonstrate that the current comeback is more than just a passing rally. Technically, a move toward $68,000 seems warranted if the current support levels hold. 

Reclaiming the 200-day trend line could significantly boost market sentiment and bolster the case for a more significant recovery during the second half of the year, making such a rally a crucial turning point. With $68,000 emerging as the next significant target, Bitcoin's chart currently indicates that the market still has unresolved business to the upside.

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Large institutional investors may've begun using the prolonged market downturn to aggressively accumulate Shiba Inu (SHIB). A mysterious new whale has officially appeared on the radar after withdrawing 162.43 billion SHIB, worth approximately $672,476, from the institutional custody service Coinbase Prime in a single transaction, according to Arkham.

All of the tokens landed in a completely new address with no previous transaction history or known network connections, a clear marker of the emergence of a new major holder. 

Since Coinbase Prime is designed specifically for hedge funds, corporations, and professional asset managers, such a transfer to an empty wallet is unlikely to be accidental.

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Is smart money quietly accumulating Shiba Inu coin at the bottom?SHIB's current local rebound of 1.46% is primarily following the broader market, where Bitcoin and other major altcoins are attempting to recover from a prolonged decline. 

Against this backdrop, SHIB has found strong support near $0.0000042, while the mysterious wallet's activity coincided perfectly with the moment the broader market turned green and billions of tokens disappeared from exchange accounts.

Transaction details showing a transfer of 162.433 billion SHIB tokens from Coinbase Prime Custody, Source: ArkhamFresh on-chain data from CryptoQuant shows that this whale's move is part of a broader trend of large players withdrawing tokens while using the market rebound to establish positions:

Exchange Netflow: Net inflows to exchanges fell by 1.07% over the past 24 hours.Exchange Reserve: The total amount of available tokens on trading platforms declined to 86.34 trillion SHIB. You Might Also Like

Seven-day charts clearly confirm that the available supply of SHIB on exchanges has been steadily shrinking while the broader sector attempts to reverse higher.

When a new institutional player accumulates hundreds of billions of tokens near the lows and immediately transfers them to independent cold storage, it reinforces the broader market trend and removes additional selling pressure.

If the current support zone holds, this quiet accumulation could place SHIB at the forefront of a broader market reversal.

The meme coin sector has lost more than 50% of its value over the past three months, prompting one analyst to argue that the long-awaited shakeout could permanently sideline several once-popular tokens. But Dogecoin (CRYPTO: DOGE), they say, still has a chance to outperform in the next bull market.

Leading Meme Coins Hitting The WallIn a series of posts on X on Monday, crypto analyst Kevin said many leading memecoins are running out of momentum after suffering drawdowns of more than 95% from their all-time highs.

"Major meme coins are hitting the wall, and many may never see new all-time highs again," Kevin said.

He described Shiba Inu as a token that benefited from the meme frenzy following Dogecoin’s historic rally, while calling BONK and Floki “no-fundamentals” projects that are unlikely to revisit their previous peaks.

“This correction is a reset for the crypto space,” he said. “It’s time to weed out the worthless projects and refocus on solid fundamentals.”

Kevin was less definitive on Pepe (CRYPTO: PEPE). While acknowledging the token remains difficult to evaluate, he said he expects it to survive the current downturn and potentially participate in another bull cycle.

“I think it will probably stick around and get another opportunity,” he said, adding that he has “always had a soft spot for Pepe.”

Dogecoin Still Looks DifferentDespite his bearish stance on most meme coins, Kevin made an exception for Dogecoin and also revealed he owns a small position.

Responding to another trader, Kevin said Dogecoin has “a much more constructive chart” than many newer meme coins and has proven it can survive multiple market cycles.

“I think it stays around and has another run in the future,” he said.

However, he cautioned against making Dogecoin a major portfolio allocation because it remains highly speculative and has underperformed Bitcoin (CRYPTO: BTC) for six consecutive years.

“BTC is a better bet,” he added.

When asked whether DOGE would eventually fade into obscurity or remain among crypto’s leaders during the next bull market, Kevin said his attention is now primarily focused on Bitcoin and Ethereum (CRYPTO: ETH).

While institutional capital continues flowing toward BTC, ETH and tokenized real-world asset projects, several analysts have argued that the next crypto cycle may reward projects with sustainable utility over purely narrative-driven tokens.

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The cryptocurrency market broadly struggles to gain momentum on Monday, with Shiba Inu (SHIB) trading around $0.0000042, while Dogecoin (DOGE) slides toward the nearest $0.072 support.

US-Iran war rages on, weighing on risk assetsGeopolitical risk flared over the weekend and on Monday as the United States (US) and Iran escalated hostilities, fueling heightened military tensions throughout the region.

The US military reported strikes on Iranian command centers, defense infrastructure, communications facilities, and missile sites. In response, Iran targeted US military positions in Kuwait and Bahrain, while the Islamic Revolutionary Guard Corps claimed responsibility for disabling two Oil tankers in the Strait of Hormuz after explosions disrupted their passage.

Despite staying relatively elevated, the West Texas Intermediate (WTI) Crude Oil prices have moderated to $81, down from a daily high of $84.

Meanwhile, the Crypto Fear & Greed Index holds at 29 on Monday, moving out of the Extreme Fear zone and indicating a measured improvement in investor sentiment. This modest rebound in risk appetite comes against the backdrop of ongoing US-Iran hostilities.

Crypto Fear & Greed Index | Source: AlternativeRetail appetite for Dogecoin derivatives has regained modest strength, as reflected in the perpetual futures Open Interest (OI), which averages 14.74 billion DOGE on Monday, up from 14.35 billion DOGE the day before. According to CoinGlass data, this uptick is part of a broader rebound, with OI at 12.01 billion DOGE on June 11.

If sustained, increased demand would align with the gradual improvement in risk-on sentiment, raising the odds of a steady price recovery.

Dogecoin Futures OI | Source: CoinGlassRetail investors in Shiba Inu appear to be making a gradual return to the market, with OI up on Monday, averaging nearly 8 trillion SHIB. The meme coin’s OI had plunged to roughly 5 trillion SHIB on June 24, underscoring the growing risk-on sentiment.

Shiba Inu Futures OI | Source: CoinGlassPrice analysis: Dogecoin eyes rebound from key supportDogecoin trades at $0.072, holding in a bearish configuration as price remains well beneath the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs). The short-term tone is capped by a nearby confluence of resistance around $0.080, where the 78.6% Fibonacci retracement and the 50-day EMA converge, while the Relative Strength Index (RSI) lingers below the midline near 38 on the daily chart, hinting at weak demand despite a slightly positive but flattening Moving Average Convergence Divergence (MACD) histogram.

DOGE/USDT daily chartOn the topside, initial resistance lies at the $0.080 cluster, followed by $0.090 where the 100-day EMA aligns with the 61.8% Fibonacci retracement. Above that, the 50% Fibonacci retracement at roughly $0.090 and the 38.2% level near $0.100. On the downside, immediate support emerges at the 100% Fibonacci retracement around $0.070. A clear break below this floor would expose the pair to a fresh leg lower in line with the prevailing bearish bias.

Shiba Inu price analysis: SHIB posts modest gainsShiba Inu edges higher, trading around $0.0000040, upholding a short-term bullish outlook. The MACD indicator maintains a positive histogram, suggesting that momentum is constructive.

Moreover, the meme coin sits above a descending trendline on the daily chart, reinforcing downside protection while raising the odds of a continued rebound.

SHIB/USDT daily chartInitial resistance emerges at the 50-day EMA at $0.0000046, followed by the 100-day EMA at $0.0000051, while the 200-day EMA at $0.0000061 could cap gains if buyers tighten their grip. On the downside, the area at $0.0000040 is a crucial support level. If broken, it could open the door to extended losses toward the psychological $0.0000035.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

Shiba Inu, the second-largest meme coin by market value, saw a sharp reduction in exchange outflows over the past 24 hours. Data shows that this key metric dropped by approximately 65%, raising questions about the strength of investor accumulation and overall market sentiment toward SHIB.

Exchange flows and investor sentimentExchange outflows track the amount of SHIB withdrawn from centralized trading platforms. Typically, sustained outflows suggest that investors are moving tokens into self-custody or long-term storage, which reduces the immediately available supply and may reflect a bullish outlook.

A sudden decline in outflows, as observed recently, can signal waning investor confidence or a slowdown in accumulation. Despite this reduction, netflows remain negative, with more SHIB leaving exchanges than entering them, a condition often interpreted as a positive indicator for price stability.

At the time of measurement, exchange netflows were negative and reserves on trading platforms continued to decrease, a trend that has established a long-term bullish bias among some market participants.

Mini dictionary: Exchange outflows, the total amount of cryptocurrency withdrawn from centralized exchanges in a specified timeframe. High outflows can signal accumulation and confidence, while declining outflows may indicate slowing interest in self-custody or long-term holding.

The marked decrease in outflows suggests that, while SHIB is still leaving exchanges on balance, the intensity of this trend is tapering off.

Market impact and network activityThe pattern of shrinking SHIB reserves stored on exchanges has persisted in recent months, reducing the overall liquidity that could be sold at short notice. This shrinkage, measured both in token count and USD equivalent, typically points to ongoing investor accumulation.

However, the latest 65% drop in daily outflows is significant. When the pace of withdrawals slows, it may reflect either caution among long-term holders or declining engagement from large investors and active traders. In cryptocurrency markets, not only the metric’s direction but also its rate of change is closely watched for shifts in sentiment.

MetricPrevious SessionCurrentChangeSHIB Daily OutflowsHighLow-65%NetflowsNegativeNegativeStableExchange ReservesDecreasingDecreasingOngoing trendTransactional activity on the Shiba Inu network remains steady, which means that overall usage is not declining sharply. Nevertheless, without an uptick in withdrawals, it could prove challenging for bulls to generate the buying pressure needed to support a strong price recovery, especially during periods of increased market volatility.

Outlook remains cautiousThe drop in SHIB exchange outflows stands out as a potential warning sign. If this stagnation in accumulation continues, Shiba Inu may struggle to build the momentum necessary for a significant rally. While negative netflows and shrinking reserves still lend support to a bullish long-term thesis, short-term dynamics suggest that investors are proceeding with caution amid uncertainty in the wider crypto market.

Despite fewer tokens being deposited onto exchanges, the pronounced fall in outflows indicates that many traders may be hesitating to move their assets off trading platforms in the immediate term.

Analysts will likely monitor upcoming data closely to determine whether SHIB can regain the momentum in exchange withdrawals required to underpin further gains.

For now, the evolving balance between exchange outflows, reserves, and netflows continues to shape short-term sentiment surrounding Shiba Inu.

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’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.

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.

After failing to sustain multiple attempts at recovery throughout July, Shiba Inu is still struggling under intense bearish pressure, with the asset trading close to $0.0000041. SHIB has been firmly in a long-term downtrend for the majority of 2026, as evidenced by the chart's distinct pattern of lower highs and lower lows. 

The break from a rising channel that had sustained price action between March and May is among the most noteworthy developments. SHIB fell sharply after losing that structure's lower boundary, and it hasn't been able to recover any significant moving averages since. The 50-day EMA is still above $0.0000045, and the 100-day and 200-day averages are significantly higher, supporting the bearish market structure. 

SHIB/USDT Chart by TradingViewThe range of recent trading activity has shrunk to near yearly lows. Although this might seem positive at first glance, the low volume of purchases indicates that market players are still reluctant to make large purchases. SHIB is in the vicinity of oversold territory with an RSI of about 35, but there isn't yet a clear reversal signal. 

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Regaining the 50-day EMA and creating support above $0.0000045 are the first challenges facing bulls. Any bounce without that action is probably going to remain corrective. SHIB may return to the psychological $0.000004 area and possibly test lower support levels set earlier in the year if selling pressure persists. 

Solana's position improvement Despite its recent decline, Solana offers a notably better technical picture than many major altcoins. Before going into a sound consolidation phase, SOL surged above $80 after making a significant comeback from June lows around $60. Solana is still above both its 50-day and 100-day moving averages, currently trading at about $76. 

A small descending wedge pattern, which frequently acts as a continuation structure during larger recoveries, has been formed by the recent decline. Crucially, sellers have failed to drive the asset below crucial support in the $73–$74 range. Instead of panic selling, the RSI stays near 50, suggesting balanced market conditions. In the event that overall market sentiment improves, this neutrality allows for another bullish attempt. 

SOL/USDT Chart by TradingViewThe 200-day moving average is currently located between $80 and $81, which continues to be the crucial resistance zone. Solana's prospects would be greatly enhanced by a successful breakout above that level, which might pave the way for a move into the $90–$95 range. 

On the downside, the recovery narrative would be weakened and the likelihood of another move toward the low-$70 area would rise if support around $73 were lost. Despite continuous market volatility, Solana is still one of the few significant altcoins with a comparatively positive medium-term structure. 

Hyperliquid's strength remainsDespite the recent decline from local highs near $75, Hyperliquid is still one of the market's strongest large-cap assets. Following a remarkable multi-month surge that propelled HYPE from below $30 to over $75, the asset is now in a consolidation phase as opposed to a full trend reversal. HYPE recently lost its 50-day and 100-day moving averages, which are now concentrated around the $64–$65 range, and is currently trading at about $61. 

HYPE/USDT Chart by TradingViewBulls must reclaim this crucial resistance area in order to resume their upward momentum. But since the price is still comfortably above the rising 200-day EMA at $57 and the 200-day moving average at $49, the overall trend is still positive. Buyers were drawn to the recent decline toward the $58 area almost immediately, resulting in a notable bounce and averting a deeper breakdown. 

This response implies that market players continue to see pullbacks as opportunities for purchases rather than as justifications for closing positions. During the correction, volume has decreased, which is generally better than witnessing increased selling volume. Much of the overheated conditions that accompanied the rally earlier in the summer have been eliminated as the RSI has cooled toward 42. 

Regaining the $65 mark would probably lead bulls to try again for $70 and possibly the yearly highs. Support between $57 and $58 becomes the most crucial area to watch if sellers take back control. A move toward the 200-day trend line would be possible if that area were lost, which would probably hasten profit-taking. 

XRP remains stuckAs the asset continues to trade around $1.09, XRP is still stuck in a tightening technical structure. A distinct descending resistance line on the chart is compressing price action against rising support, resulting in a triangle formation that is getting closer to its resolution point. 

The overall trend is still in favor of bears, even though the setup points to a bigger move. The 50-day, 100-day, and 200-day moving averages, which are all stacked above $1.10 to $1.24, are still above XRP. Any attempt at a breakout will have to overcome this dense resistance cluster. 

XRP/USDT Chart by TradingViewThe psychological $1.00 level of support has held several times in July, which is good news for bulls. Sellers kept pushing XRP lower, but they were unable to create a long-term breakdown below that level. The market's indecision is reflected in an RSI close to 46. The chart's narrowing triangle indicates that neither buyers nor sellers currently have a clear advantage. 

The immediate bearish structure would be invalidated by a breakout above $1.12, which might also lead to a move toward the larger resistance zone around $1.24 and the 100-day EMA near $1.13. On the other hand, losing the rising support line would probably put XRP through another test of the $1.00 area, and a break below that level would seriously hurt the asset's chances of recovery.

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 layer 2 Shibarium saw an uptick in daily transaction count heading into the weekend, sparking optimism following a period of stagnation on the network.

Shibarium daily transactions rose from 939 on July 16 to 2,960 on July 17, a 216% increase. This wouldn't be the first time this week Shibarium has seen such an uptick in transactions. Shibarium saw a 322% surge when transactions rose from 759 on July 14 to 3,210 on July 15 before retreating. A similar trend was seen when transactions rose 361% on July 10, according to Shibariumscan.

The recent rise suggests an increase in user activity and that Shibarium could be regaining momentum after periods of slower activity.

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Given the trend of brief transaction spikes on the network, it will be worth watching whether the recent rise marks a turning point for Shibarium L2 activity. A sustained increase in daily transactions over the coming days or weeks might provide significant evidence that Shibarium's network usage is improving.

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On the other hand, if activity returns to the previous baseline, the recent rise may suggest a temporary surge.

SHIB newsThis week, $1.9 trillion asset manager T. Rowe Price launched what it says is the industry's first actively managed multi-token spot crypto ETF, offering diversified exposure to digital assets.

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The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of crypto assets rather than a single token. The cryptocurrency lineup includes Bitcoin, Ethereum, BNB, XRP, and Shiba Inu.

In a recent development, Japan passed major amendments to the Financial Instruments and Exchange Act (FIEA) on July 15, which labels cryptocurrencies as investment products. The aim is to provide a regulatory framework that will boost engagement from banks, securities firms, asset managers, and institutional investors while increasing investor protection.

Shiba Inu, which is already on the Japan JVCEA Green List — which makes it easier for regulated platforms in the country to list SHIB — might stand to benefit from the recent move.