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As hundreds of billions of SHIB depart trading platforms, Shiba Inu is displaying a potentially bullish shift in exchange activity. According to the most recent on-chain data, total exchange outflows are estimated to be around 323.19 billion SHIB, significantly more than the 251.01 billion SHIB inflows.
Shiba Inu reserves get thinnerMore significantly, the most recent outflow figure shows a significant acceleration in withdrawals, rising by about 311 billion SHIB over the previous 24-hour period. Exchange reserves lend credence to this interpretation.
SHIB/USDT Chart by TradingViewWhile their dollar value has decreased by 0.45% to roughly $472.86 million, total reserves have decreased by 0.08% to about 87.24 trillion SHIB. Falling reserves can be a sign that holders are transferring tokens into private custody instead of putting them up for sale. They also typically lower the immediately available supply on centralized exchanges.
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Shiba Inu inflows flipsHowever, the data is not wholly one-sided. The mean inflow increased to about 1.13 billion SHIB per transaction, and exchange inflows also increased to 251 billion SHIB. Together, the top ten inflows brought in roughly 5.62 billion SHIB. As a result, outflows that exceed an already high level of deposits are the main source of the bullish signal.
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For SHIB's technical structure, the timing could be important. Shiba Inu is currently trading at about $0.00000545, having recovered from about $0.0000044 in August. The price has maintained its short-term ascending support while forming a series of higher lows.
Additionally, SHIB is trading above the longer averages around $0.00000491–$0.00000503 and the 20-day moving average near $0.00000517. The RSI is close to 58, indicating positive momentum without approaching overbought levels.
The 200-day moving average at $0.00000567 remains the biggest barrier. Prior attempts at $0.0000056–$0.0000059 drew significant selling, and SHIB has yet to establish itself above this level.
The amount of Shiba Inu's available supply has substantially decreased by multiple tens of millions of tokens after the network concluded a massive burn event on the last day.
Amid the consistently growing Shiba Inu network activity, the leading meme token has recorded a massive four-figure surge in its daily burn rate, according to data from Shibburn.
46.25 million SHIB faces permanent exitAlthough momentum surrounding the Shiba Inu price movement is beginning to slow as the price stalls slightly above the $0.0000052 mark, the latest on-chain data shows that the Shiba Inu supply is getting tighter.
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As of Tuesday, September 8, the data shows that a total of 46.25 million SHIB has been sent to dead or irretrievable wallets over the last 24 hours, driving a substantial 1,307% surge in its burn rate during the period.
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This massive burn activity has driven the SHIB weekly burn volume to surpass 126 million SHIB, worth about $678 at SHIB's current trading price.
Shiba Inu price slowsAlthough substantial increases in the Shiba Inu burn metric could provide a bullish signal for the asset, as they often indicate strong network growth, they do not directly influence its price movement.
It is important to note that large burn activities tend to reduce the amount of supply available for sale, boosting demand for the asset while improving its scarcity.
With the asset currently trading in the red, the divergence between its price movement and such a large burn activity is not extremely significant to market analysts, as the metric cannot solely drive a price increase for SHIB.
Shiba Inu has recorded a significant reduction in its available token supply after a major burn event saw 46.25 million SHIB permanently transferred to unspendable wallets within a single day.
Major burn event boosts scarcityAccording to data from Shibburn, an independent platform tracking Shiba Inu burns, the network witnessed a four-digit surge in its daily burn rate, marking a 1,307% increase over the previous period. This recent activity took place on Tuesday, September 8, with burn transactions removing millions of tokens from circulation within 24 hours.
The total amount burned during this time pushed the weekly figure to over 126 million SHIB, equivalent to approximately $678 based on current market prices. Despite these substantial removals, Shiba Inu continues to trade slightly above $0.0000052, facing limited price momentum in recent sessions.
Mini dictionary: Shibburn, a platform dedicated to tracking and reporting Shiba Inu token burn events, aggregates on-chain data and provides real-time statistics on the amount of SHIB permanently removed from circulation.
DateAmount Burned (SHIB)Burn Rate IncreaseWeekly Total (SHIB)Estimated Value ($)Tuesday, September 846.25 million1,307%126 million678Price action diverges from supply mechanicsWhile the spike in Shiba Inu’s burn rate would typically be considered a positive indicator for the project, current price data show that the increase has not translated to immediate gains. The token’s price has stalled in recent days, even as network activity and burn rates continue to rise.
Asset burning is a mechanism used across various blockchain projects to reduce circulating supply by sending tokens to wallets with no possibility of recovery. This process is generally viewed as supportive of long-term scarcity and could eventually enhance value if demand remains stable or increases.
Despite the reduced supply, market analysts do not see an immediate price uptick resulting solely from burn metrics. These events highlight the complexity of price formation in the crypto market, where multiple factors, including demand, market sentiment, and liquidity, also contribute to pricing dynamics.
Recent data from Shibburn indicated a dramatic surge in the Shiba Inu burn rate, with 46.25 million SHIB tokens sent to unspendable wallets in a single day and the weekly burn volume surpassing 126 million SHIB.
Network activity and future outlookThe Shiba Inu project, created as a decentralized meme token, continues to see robust interest from its community, especially during periods of high network activity and significant burn events. Despite the short-term disconnect between burning activity and token price, proponents often point to ongoing burns as supportive of longer-term scarcity.
Market observers remain cautious, noting that while high burn rates can reduce supply, actual price movements depend on a combination of several market variables beyond supply contraction alone. Investors and analysts are watching closely to see if sustained burning and community efforts can improve sentiment and influence Shiba Inu’s price trajectory over the coming months.
Hyperliquid (HYPE): HYPE remains bullish despite cooling from $89, with $78–$80 support key for another push toward $90 and potentially $100.Zcash (ZEC): ZEC's powerful rally remains intact, but extreme overextension and overbought RSI make a correction toward $1,000 or even $850 possible.Ethereum (ETH): ETH is consolidating above key support after its August breakout, but a rally to $2,600–$2,650 seems unlikely.Shiba Inu (SHIB): SHIB's recovery remains constructive, but reclaiming the 200-day moving average at $0.00000567 is necessary to stay bullish.Hyperliquid might retreatAfter one of its biggest rallies of the year, Hyperliquid is finally exhibiting some signs of weariness. After dropping about 3.2 percent during the day, HYPE is currently trading at $82.50, retreating from the most recent local peak near $89.
HYPE/USDT Chart by TradingViewBut the overall structure is still very bullish. In the latter part of August, HYPE surged from the $56–$60 range and then surpassed its prior significant highs at $75. The asset is still significantly above all of the daily chart's major moving averages.
While the 50-day and 100-day averages are significantly lower at roughly $66.82 and $65.39, the 20-day moving average is close to $77.82. Nearly $57 is the 200-day average. Whether the current decline is indicative of normal cooling or the start of a more significant correction is the immediate question.
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The former scenario is somewhat supported by the RSI. It moved into overbought territory before declining to about 57 points. As a result, momentum significantly returned to normal while the price corrected.
The crucial support zone is now between $78 and $80. It overlaps with the 20-day moving average, which is rising quickly, and the recent consolidation area. Holding it would put HYPE in a position to try again at $88–$90. A breakout there could open the path to the psychological $100 level.
Will Zcash's uptrend stay up?Zcash (ZEC) is still in an incredibly aggressive uptrend, but there is a much greater risk of a correction given its current technical configuration. After briefly rising above $1,240, ZEC is currently trading at about $1,149, continuing a rally that started in August at about $480. The price has significantly deviated from its main moving averages.
ZEC/USDT Chart by TradingViewThe 50-day and 100-day averages are still close to $651 and $614, respectively, while the 20-day average has already increased to about $849. At $512, the 200-day average is situated.
This separation shows how strong the trend is, but it also indicates that ZEC has very little technical support in the area if momentum abruptly stops. RSI is an additional caution. The daily reading is still in overbought territory, at about 75.8. In contrast to a traditional bearish signal, an overbought RSI does not always indicate that a strong trend will immediately reverse.
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However, it does show that chasing ZEC around current levels is much riskier. The recent $1,230–$1,250 peak continues to be the first barrier. A strong breakout might move the market closer to $1,300 and possibly higher. The first area to watch on the downside is between $1,080 and $1,100. $1,000 becomes the primary psychological support below it.
The larger bullish structure would not necessarily be destroyed by a deeper correction toward $850, which would still keep ZEC above its quickly rising 20-day moving average.
Ethereum withstanding pressureEthereum is currently trading at about $2,459 as it consolidates following its explosive August breakout. The crucial point is that, despite multiple attempts to drive the asset below $2,400, sellers have not yet been able to undo the new market structure.
ETH/USDT Chart by TradingViewWith remarkable momentum, ETH emerged from a protracted consolidation between $1,880 and $1,920, quickly surpassing all of its major moving averages. At about $2,345 and $2,185, respectively, it is currently trading well above the 20-day and 200-day averages. The 50-day and 100-day averages are still much lower, at about $2,127 and $2,101, respectively. There is no doubt, however, that momentum has decreased.
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Trading volume has significantly decreased since the initial breakout, and the RSI has dropped to about 60 from overbought territory. Both developments show that the market has entered consolidation following an exceptionally quick repricing, so neither is inherently negative.
Between $2,520 and $2,560 is where the immediate resistance is located. ETH has tested this area on several occasions without yielding a strong daily breakout. Clearing $2,560 would probably put $2,600–$2,650 back on track. $2,400 remains the first significant support on the downside.
A breakdown would reveal the rising 20-day average around $2,345. The larger bullish structure is unaffected as long as that area holds.
Can SHIB keep up with the market?Shiba Inu's chart is still far less convincing than Ethereum's, but it is still making progress. After setting a series of higher lows since its August bottom near $0.00000440, SHIB is currently trading around $0.00000541.
SHIB/USDT Chart by TradingViewBuyers are favored by the short-term structure. While the 50-day and 100-day averages are close to $0.00000491 and $0.00000503, SHIB is still above its 20-day moving average at $0.00000517.
More significantly, the price still respects the rising support line that was established during the most recent rebound. The 200-day moving average at $0.00000567 remains the main barrier. Since SHIB has not returned to this level, there has not been a clear bullish reversal in the overall trend.
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Aggressive selling also affected earlier attempts to move significantly above it. Momentum is neutral to positive. With an RSI of about 57, there is plenty of room before overbought conditions become problematic. The most recent advance, however, lacks the participation observed during SHIB's earlier explosive moves, as evidenced by the declining volume.
A breakout above $0.00000567 could reopen $0.00000600–$0.00000620 and would be the most significant technical confirmation. On the other hand, the recovery would be weakened if the rising support and $0.00000517 were lost. The crucial defensive zone for buyers would then be the $0.00000490–$0.00000500 range.
Kripto para piyasasında Hyperliquid, Zcash, Ethereum ve Shiba Inu yatırımcıların yakın takibinde. Dört kripto varlıkta teknik görünüm farklı sinyaller verirken, son yükselişlerin ardından bazı bölgelerde düzeltme riski öne çıkıyor. HYPE güçlü trendini korumaya çalışırken ZEC’te aşırı alım sinyalleri dikkat çekiyor. Ethereum 2.400 doların üzerinde tutunurken, SHIB tarafında ise 200 günlük hareketli ortalama kritik direnç olmaya devam ediyor.
Hyperliquid İçin 90 Dolar Yeniden Gündeme Gelebilir Hyperliquid fiyatı gün içerisinde yaklaşık yüzde 3,2 gerileyerek 82,50 dolar seviyesine çekildi. HYPE böylece 89 dolara yaklaşan son yerel zirvesinden uzaklaşsa da teknik görünümde yükseliş yapısı henüz bozulmuş değil. HYPE, ağustos ayının ikinci yarısında 56-60 dolar bölgesinden başlayan güçlü hareketle 75 dolar seviyesinin üzerine çıkmayı başardı. Fiyatın günlük grafikte önemli hareketli ortalamaların üzerinde kalması, orta vadeli yükseliş trendinin devam ettiğine işaret ediyor. 20 günlük hareketli ortalama yaklaşık 77,82 dolar seviyesinde bulunurken, 50 günlük ortalama 66,82 dolar ve 100 günlük ortalama 65,39 dolar civarında seyrediyor.
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200 günlük ortalama ise yaklaşık 57 dolar seviyesinde bulunuyor. HYPE için kısa vadede 78-80 dolar bölgesi kritik destek konumunda. Bu bölgenin korunması halinde 88-90 dolar bandına doğru yeni bir yükseliş denemesi görülebilir. 90 doların güçlü hacimle aşılması durumunda ise psikolojik 100 dolar seviyesi yeniden yatırımcıların radarına girebilir. RSI göstergesinin daha önce aşırı alım bölgesine çıkmasının ardından 57 seviyesine gerilemesi ise yükseliş ivmesinin daha dengeli bir noktaya geldiğini gösteriyor.
Zcash İçin Düzeltme Riski Artıyor: 1.000 Dolar Kritik Zcash tarafında ise HYPE’a kıyasla daha riskli bir teknik görünüm dikkat çekiyor. ZEC, ağustos ayında yaklaşık 480 dolardan başlayan güçlü yükseliş hareketinin ardından kısa süreliğine 1.240 dolar seviyesinin üzerine çıktı. Son işlemlerde ise fiyat yaklaşık 1.149 dolar civarında seyrediyor. ZEC fiyatının önemli hareketli ortalamalardan ciddi şekilde uzaklaşması, olası bir düzeltme riskini artırıyor. 20 günlük hareketli ortalama yaklaşık 849 dolara yükselirken, 50 ve 100 günlük ortalamalar sırasıyla 651 ve 614 dolar civarında bulunuyor. 200 günlük ortalama ise yaklaşık 512 dolar seviyesinde.
Teknik göstergelerde en dikkat çekici sinyallerden biri RSI tarafında geliyor. Günlük RSI’ın yaklaşık 75,8 seviyesinde bulunması, ZEC’in aşırı alım bölgesinde olduğuna ve mevcut fiyatlardan yeni pozisyon açan yatırımcılar açısından risklerin yükseldiğine işaret ediyor. Olası geri çekilmede 1.080-1.100 dolar bölgesi ilk önemli destek olarak takip edilecek. Bu bölgenin kaybedilmesi halinde psikolojik 1.000 dolar seviyesi gündeme gelebilir. Satışların derinleşmesi durumunda ise 850 dolar civarındaki bölge bir sonraki güçlü destek alanı olabilir.
Ethereum 2.400 Dolar Üzerinde Tutunmaya Çalışıyor Ethereum fiyatı yaklaşık 2.459 dolar seviyesinde işlem görürken, ağustos ayında yaşanan güçlü kırılımın ardından konsolidasyon sürecini sürdürüyor. Satıcıların ETH fiyatını birkaç kez 2.400 doların altına çekmeye çalışmasına rağmen bu seviyenin üzerinde kalıcılık şimdilik korunuyor. Ethereum daha önce 1.880-1.920 dolar bölgesindeki uzun süreli yatay hareketin ardından önemli hareketli ortalamalarının üzerine çıkmıştı. Ancak ilk kırılım sonrasında işlem hacminin azalması ve RSI göstergesinin aşırı alım bölgesinden yaklaşık 60 seviyesine gerilemesi, yükseliş momentumunun yavaşladığını gösteriyor. ETH için 2.520-2.560 dolar aralığı kısa vadeli en önemli direnç bölgelerinden biri olarak öne çıkıyor. Bu bandın aşılması halinde 2.600-2.650 dolar bölgesine doğru yeni bir hareket görülebilir. Aşağı yönlü hareketlerde ise 2.400 dolar kritik destek olmaya devam ediyor.
Shiba Inu İçin 200 Günlük Ortalama Kritik Eşik Shiba Inu yaklaşık 0,00000541 dolar seviyesinde işlem görürken, ağustos ayında 0,00000440 dolar civarında gördüğü dip seviyenin ardından başlayan toparlanma eğilimini koruyor. SHIB’in daha yüksek dip seviyeler oluşturması kısa vadeli görünümü desteklese de fiyat henüz önemli bir teknik engeli aşabilmiş değil. SHIB fiyatı 0,00000517 dolar civarındaki 20 günlük hareketli ortalamanın üzerinde bulunuyor. 50 günlük ortalama yaklaşık 0,00000491 dolar, 100 günlük ortalama ise 0,00000503 dolar seviyesinde seyrediyor. Buna karşılık yaklaşık 0,00000567 dolardaki 200 günlük hareketli ortalama SHIB için ana direnç konumunda. Bu seviyenin üzerinde kalıcı bir kırılım gerçekleşmeden daha geniş çaplı trend dönüşünden söz etmek zor görünüyor. 200 günlük ortalamanın aşılması halinde 0,00000600-0,00000620 dolar bölgesi yeniden gündeme gelebilir.
Değerlendirme HYPE, ZEC, ETH ve SHIB tarafındaki teknik görünüm, kripto piyasasında yükseliş eğiliminin tamamen ortadan kalkmadığını ancak varlık bazında risklerin belirgin şekilde farklılaştığını gösteriyor. HYPE için 78-80 dolar desteğinin korunması 90 dolar ve ardından 100 dolar hedeflerini canlı tutabilirken, ZEC’in aşırı alım bölgesinde bulunması 1.000 dolara doğru olası bir düzeltme riskini artırıyor. Ethereum’da 2.400 dolar desteği yükseliş yapısının korunması açısından kritik önem taşırken, SHIB’in daha güçlü bir trend değişimi gösterebilmesi için 200 günlük hareketli ortalamasını aşması gerekiyor. Bu nedenle yatırımcıların yükseliş beklentilerinin yanı sıra kritik destek seviyelerinin kaybedilmesi halinde oluşabilecek düzeltme senaryolarını da yakından takip etmesi önem taşıyor.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
According to GMGN market data, the Solana-based meme coin CATE has rebounded to a market cap exceeding $50 million, currently trading at $51.54 million, with a 24-hour increase of over 99% and a 24-hour trading volume of $12.8 million. Earlier on July 26, Atsuko Sato, owner of Kabosu—the Shiba Inu that inspired the Doge meme—posted a video of a kitten. The community quickly launched the token on Pump.fun, positioning it as "the successor to Doge / the cat version of Doge" to carry on the meme culture of "dogs came first, now it's the cats' turn". Subsequently, Atsuko Sato clarified in a post that the CATE tokens circulating in the recent market have no connection with her at all. She stated that she only shared a moment on Instagram before, but this content was later used without authorization by others, who took advantage of it to issue fake tokens and create the illusion of a link with her. She expressed regret over this, noting that some accounts involved in spreading related information even include users with considerable influence on the X platform. BlockBeats reminds users that most meme coins have no practical use cases and feature highly volatile prices, so investment requires caution.
Memecoin demand is returning as traders move back toward recognizable communities and new launch models. Dogecoin, Shiba Inu, Pepe, and Bonk already trade on public markets, while MemeToro remains in presale.
That difference matters because this list mixes established tokens with an early project whose exchange price and platform delivery are not yet proven.
Five Different Ways to Approach Returning Meme Demand Dogecoin remains the best-known memecoin and often moves with retail interest and broader Bitcoin direction. Shiba Inu adds an ecosystem around its token, but its very large supply and market cycles still shape price action. Pepe depends heavily on culture, exchange liquidity, and social momentum rather than built-in cash flow. Bonk benefits from Solana activity and deep meme trading, although weakness in SOL can reduce demand. MemeToro is building an AI-led launch pipeline on BNB Chain, but $MT is still a presale token. This makes simple price comparisons misleading. Older assets offer trading history and wider liquidity.
MemeToro offers earlier access and public development evidence, but it also carries presale, delivery, and listing risks that the other four have already passed.
DOGE, SHIB, PEPE and BONK Face Different Price Tests DOGE charts have placed $0.15 and $0.22 in focus as possible breakout levels, but those targets depend on Bitcoin holding strength near the high-$70,000 area or above. A failed market breakout could quickly weaken the case for top memecoins to invest in 2026.
SHIB forecasts have pointed toward $0.000018 to $0.000022 under a bullish September scenario. Cold-storage withdrawals can reduce immediate exchange supply, yet they do not prove that buyers will sustain higher prices.
PEPE remains a pure momentum test. Its large community can create fast moves, but limited direct utility means sentiment and liquidity can reverse sharply.
BONK has stronger links to Solana’s trading ecosystem, though that also makes it sensitive to SOL price and network activity.
Where MemeToro Fits Beside the Legacy Leaders MemeToro does not yet have the public-market history of DOGE, SHIB, PEPE, or BONK. Its Stage 7 presale reports $121,171.48 raised toward $156,312.74, with $MT priced at $0.00430.
The displayed $0.05186 launch figure is a target, not a guaranteed listing price.
Its relevant difference is the launch model. The public AI agent pipeline scans trends, publishes evidence and risks, and can refuse unsafe concepts.
A new draft escrow locks funding settings and allows only contributor and liquidity allocations totaling 100%.
The contract is not live, audited, or connected to the agent yet. Token deployment, liquidity execution, testnet trials, and independent review remain future work.
That makes MemeToro the development-led option among the top memecoins to invest in 2026, not the proven option.
FAQs Are these five tokens equally risky? No. DOGE, SHIB, PEPE, and BONK already trade publicly, while MemeToro remains in presale.
Presales add contract, delivery, claim, and listing risks. Existing tokens still face major volatility, liquidity changes, and sharp sentiment reversals.
Can DOGE or SHIB targets be guaranteed? No. Price levels such as $0.22 for DOGE or $0.000022 for SHIB are conditional scenarios.
They depend on Bitcoin, market liquidity, token demand, and technical support. Forecasts are not promised outcomes.
Why include MemeToro in this group? MemeToro offers a different angle through public AI agent code and an early fair-launch contract. Buyers considering top memecoins to invest in 2026 must still wait for the missing executor, testnet deployment, audit, and live-market proof.
Shiba Inu (SHIB) stalls above $0.00000500 on Tuesday, following two consecutive bullish months as upside momentum eases. Volatile investors' interest in the meme coin amid rising supply on exchanges warns of profit-taking despite consistent token burns.
Exchange deposits hit fresh highs amid consistent token burnsShiba Inu burned 41.35 million SHIB tokens on Monday, following the 43.43 million tokens burned on Thursday, reflecting a steady approach to controlling token inflation. Despite the burns, SHIB stalls and lacks momentum to extend its uptrend as the broader market's shift toward privacy coins lowers the recovery odds for speculation-driven meme coins.
SHIB burning activity. Source: ShibburnOn-chain data supports the possibility of reduced investor demand amid rising deposits on crypto exchanges. Shiba Inu supply on exchanges stands at 139.59 trillion SHIB, up from 137.66 trillion SHIB on July 24.
At the same time, the SHIB supply in profit stands at 7.60%, the highest in eight months, suggesting a higher likelihood of long-trapped investors booking profits.
SHIB on-chain data. Source: SantimentTechnical outlook: Could SHIB extend its rally?Shiba Inu edges lower on Tuesday, following a bearish close the previous day. From a technical perspective, SHIB remains capped under an ascending resistance trendline connecting the highs of July 26 and August 21, near the May 11 high at $0.00000670.
The meme coin also holds above the 50% retracement level of the downswing from $0.00000670 to $0.00000405, at $0.00000521, reaffirming a broadly neutral near-term bias. Immediate resistance for SHIB aligns with the 78.6% Fibonacci retracement at $0.00000602.
The Relative Strength Index (RSI) near 55 points to balanced momentum, and the flat Moving Average Convergence Divergence (MACD) line close to its signal line underscores the absence of a clear directional impulse.
SHIB/USDT daily price chart.Looking down, the 50% retracement level at $0.00000521 serves as the immediate support, followed by the 23.6% Fibonacci retracement level at $0.00000456.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
A Shiba Inu whale has ended more than three years of inactivity by transferring 407.99 billion SHIB to BitGo, potentially signaling an intention to sell.
The transaction occurred this week as Shiba Inu faced renewed volatility and struggled to hold above the psychologically important $0.0000055 level.
Whale Moves 407.99 Billion SHIB to BitGo According to Arkham data, the whale recorded no outflow activity after receiving SHIB on July 16, 2023. At the time, another whale wallet sent 600 billion SHIB to the address.
That sending wallet had previously accumulated 10 trillion SHIB before distributing most of its holdings to multiple addresses in batches of 600 billion tokens.
After receiving its allocation, the dormant wallet remained inactive for more than three years. However, that streak ended on September 6, 2026, when the whale initiated its first-ever outflow.
First, the wallet transferred 836,221 SHIB to purchase ETH for gas fees. It then moved 407,999,431,439 (407.99 billion) SHIB tokens to a Forwarder address. The Forwarder subsequently routed the tokens to BitGo. At the time of the transaction, the transfer was worth $2.21 million.
Shiba Inu Transfer Following the move, the whale still held roughly 192 billion SHIB, currently valued at about $1.05 million.
Shiba Inu Whale Balance Similar Transaction Interestingly, the latest transaction mirrors a similar movement recorded last week.
As previously reported by TheCryptoBasic, another major Shiba Inu whale transferred 600 billion SHIB to BitGo through the same routing mechanism. That whale first sent the tokens to a Forwarder address before the funds ultimately reached BitGo.
Exchange deposits often attract attention because investors can move tokens to trading platforms when preparing to sell. However, the transfer itself does not confirm that the whale has liquidated its holdings.
Therefore, it remains unclear whether the latest 407.99 billion SHIB movement signals an imminent sale, an internal fund transfer, or another purpose.
SHIB Exchange Outflows Continue to Outpace Inflows The whale’s transaction also contrasts with broader SHIB exchange-flow data.
According to CryptoQuant, more SHIB left exchanges than entered them over the past 24 hours. Notably, 260.17 billion SHIB flowed out of exchanges, compared with roughly 182.58 billion SHIB in inflows. As a result, SHIB recorded a negative netflow of 77.59 billion tokens.
This broader trend suggests that, despite the whale’s large transfer to BitGo, the overall market has seen more SHIB withdrawn from exchanges than deposited.
SHIB Exchange Flow Data SHIB Struggles to Hold $0.0000055 At press time, SHIB traded around $0.000005469, down 1.73% over the past 24 hours.
Consequently, the decline pushed SHIB slightly below the $0.0000055 threshold, which has emerged as an important psychological level for the token.
Shiba Inu currently ranks as the 29th-largest cryptocurrency by market capitalization, with a market value of approximately $3.18 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.
Shiba Inu may be approaching a significant technical turning point after breaking above a long-term descending trendline that has pressured SHIB since 2024.
According to crypto analyst CryptoNuclear, Shiba Inu traded beneath the descending trendline after reaching a multi-month high of $0.00003343 in December 2024. Since then, SHIB has formed a series of lower highs and lower lows, reinforcing its broader bearish structure.
However, recent price action has changed that setup. CryptoNuclear noted that SHIB has now broken above the descending trendline on the 5-day chart, marking an important technical development.
The analyst said a sustained breakout could signal a transition from the long-term bearish trend into an accumulation and recovery phase. However, SHIB must hold above the broken trendline to confirm the reversal.
SHIB Path to $0.000014 If the breakout holds, CryptoNuclear identified $0.00000660 as the first major resistance level. A decisive break above that level could strengthen the bullish structure and open the way toward $0.00000930 and $0.00001150.
Meanwhile, the analyst’s highest marked target stands at $0.000014. From SHIB’s price of around $0.00000546, reaching that level would require a 156% upsurge.
Notably, Shiba Inu last traded above $0.00001 in early January 2026, making a return to that level an important milestone for the token.
Shiba Inu Bulls Target Surge to $0.000014 What Could Confirm the Breakout? Despite the bullish breakout, CryptoNuclear highlighted a potential retest of the broken descending trendline as one of the most important developments to watch.
The classic bullish sequence would involve a breakout, followed by a retest, a successful hold, and then continuation. If SHIB pulls back toward the former trendline and buyers defend the area, the old resistance could turn into new dynamic support.
Such a reaction would provide stronger confirmation that Shiba Inu has genuinely shifted from its long-term bearish structure, according to CryptoNuclear.
Conversely, an immediate rejection back below the trendline could undermine the bullish setup. CryptoNuclear identified $0.00000500–$0.00000520 as immediate support, while $0.00000405 remains the critical structural level. A decisive break below $0.00000405 could invalidate the reversal thesis and revive the broader bearish trend.
CoinJar Sees Potential Accumulation Phase The technical outlook also aligns with a recent analysis from CoinJar exchange. Over the weekend, CoinJar analysts noted that Shiba Inu was trading near the lower boundary of a long-term range, with the prolonged consolidation potentially signaling an accumulation phase.
However, CoinJar stressed that stronger buying volume and price confirmation are still needed before traders can establish a sustained breakout.
If SHIB reclaims and holds the range-low support at $0.00000548, increased buying participation could propel the token toward the range’s upper boundary and resistance near $0.00000904. Conversely, failure to regain that support could keep SHIB in consolidation and expose it to further weakness.
CoinJar Says SHIB Is In Accumulation Phase Current SHIB Price Action and Burn Activity At press time, Shiba Inu was trading near the key support at $0.000005423, down 1.96% over the past 24 hours as the broader cryptocurrency market weakened.
Meanwhile, SHIB’s burn activity has provided a notable boost to its deflationary efforts. More than 39 million tokens were permanently removed from circulation over the past 24 hours, with 40.09 million SHIB burned across 12 transactions.
As a result, the daily burn rate surged by 1,122%. The largest transaction accounted for 36.33 million SHIB. Despite the increased burn activity, Shiba Inu still has a massive circulating supply of approximately 589.15 trillion tokens, meaning sustained demand and stronger market participation remain crucial to any long-term recovery.
Shiba Inu Burn Rate Spikes 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.
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Shiba Inu is gaining a stronger foothold in Japan amid a new regulatory framework that could eventually pave the way for crypto exchange-traded funds in the country.
Japan already has a massive ETF market, but it has yet to launch a cryptocurrency ETF. That could change after a major regulatory shift that moved crypto assets closer to the framework governing traditional financial markets.
According to longtime Shiba Inu community member Mazrael, on July 15, 2026, Japan's National Diet (its national legislature) moved crypto under the FIEA, the same law as stocks, opening a door for a crypto ETF in the country.
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Japan has a massive ETF market, just no crypto ETF yet.
The door did open though: on July 15 the Diet moved crypto under the FIEA, the same law as stocks.
That's the reclassification an ETF needs. FSA rulemaking still has to happen, so first listings are 2027 at the earliest… pic.twitter.com/4VSzyIfIw5
— Mazrael.shib (@Mazrael_shib) September 7, 2026 Japan reclassified cryptocurrencies as financial instruments, a structural shift that establishes the legal framework for separate taxation of crypto assets and for future crypto exchange-traded funds (ETFs). Mazrael noted that this is the reclassification an ETF needs, with a potential crypto ETF listing on the Tokyo Stock Exchange around 2027.
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Mazrael added that Japan's Financial Services Agency (FSA) rulemaking still has to happen, with first listings likely for 2027 at the earliest and Bitcoin going first.
Shiba Inu also stands a chance given its inclusion on the Green List. In November 2025, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) included Shiba Inu (SHIB) on its regulatory "Green List" along with BTC and ETH.
Mercari, Japan's largest marketplace with 23 million users, also listed Shiba Inu in June 2026.
SHIB gains head startMazrael summarized these developments, which give SHIB a head start in Japan's ETF race: "The Green List. Needed 8+ licensed JP exchanges when the bar is 3. Same tier as BTC and ETH, and gains drop from up to 55% tax to a flat 20%. Plus Mercari lists SHIB to 23 million users. 4 million crypto accounts there now, 85% opened by people who never traded before."
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He noted that eligibility remains the hard part, representing a hurdle for most crypto assets. "Eligibility first, ETF later," Mazrael stated.
As reported, Mazrael said that while SHIB does not have a dedicated spot ETF yet in the US, it remains "well on track," citing several developments including a European exchange-traded product, regulated access in Japan, and newly available futures exposure in Canada.
Japan’s changing crypto framework has strengthened Shiba Inu’s position in the country, but as of September 7 no regulator, exchange or asset manager has filed for or approved a Japanese SHIB exchange-traded fund.
Summary
Japan’s parliament passed crypto-market legislation July 15, but regulators approved no Shiba Inu exchange-traded fund. The amended framework moves crypto oversight toward FIEA rules covering disclosures, trading conduct and intermediaries. Japan promulgated the legislation July 23, with detailed implementation rules still requiring regulatory development afterward. JVCEA’s Green List includes SHIB, which nine member exchanges handled as of September 1, 2026. Mercari added SHIB trading through Coincheck on June 8, expanding access inside its mobile application. Japan’s parliament passed legislation on July 15 that brings crypto assets closer to the regulatory system used for financial products. The official legislative record shows that the upper house approved the bill that day. The government promulgated it as Law No. 64 on July 23.
The legislation strengthens disclosure, trading and intermediary rules under the Financial Instruments and Exchange Act. It provides a possible legal foundation for regulated crypto funds. However, it does not approve an ETF for Bitcoin, Shiba Inu or any other individual asset.
The distinction matters because an ETF also requires detailed regulations, an eligible structure, an asset manager, an exchange listing process and regulatory clearance. None of those steps has been announced for SHIB.
Shiba Inu’s Green List status covers exchange reviews Shiba Inu does appear on the Japan Virtual and Crypto Assets Exchange Association’s official Green List. The list identifies crypto assets that are widely handled by the association’s Japanese members and satisfy four stated conditions.
Those conditions include handling by at least three member companies and a trading history of at least six months. The asset must also have no special conditions imposed by the association or another reason making its inclusion unsuitable.
The September 1 list shows nine member companies handling SHIB. That compares with 29 for Bitcoin, 28 for Ether and 19 for XRP. Green List inclusion can simplify parts of an exchange’s review process, but it does not create automatic ETF eligibility.
A community commentator described the designation as giving SHIB a “head start.” That remains an interpretation rather than a conclusion published by the Financial Services Agency or JVCEA.
Japan has a massive ETF market, just no crypto ETF yet.
The door did open though: on July 15 the Diet moved crypto under the FIEA, the same law as stocks.
That's the reclassification an ETF needs. FSA rulemaking still has to happen, so first listings are 2027 at the earliest… pic.twitter.com/4VSzyIfIw5
— Mazrael.shib (@Mazrael_shib) September 7, 2026 Mercari expanded retail access to SHIB in June Mercari subsidiary Mercoin officially added access to SHIB and 11 other assets on June 8. The service allows eligible customers to trade the assets with Coincheck through the Mercari application, according to the company’s announcement.
Mercoin said its crypto service had passed four million cumulative account openings by March 2026. About 90% of surveyed users had no previous crypto-trading experience, although that figure covers Mercoin’s broader customer base rather than SHIB buyers specifically.
The integration therefore expands SHIB’s retail availability in Japan. It does not mean Mercari has issued an investment fund, applied for an ETF or endorsed a future SHIB product.
Japan still needs ETF and tax implementation rules Japan’s legislation advances a regulatory process that began with Financial Services Agency discussions about moving crypto toward securities-style oversight. As crypto.news previously reported, earlier policy discussions focused primarily on Bitcoin and Ether as potential initial ETF assets.
A Japanese SHIB ETF would require an identifiable sponsor to submit a product, regulators to establish listing and custody requirements, and an exchange to accept the fund. No such application appears in the official materials reviewed for this report.
Tax reform also remains incomplete. In related coverage, crypto.news reported that the proposed 20% separate tax rate is targeted for 2028. It is not currently available merely because an asset appears on the Green List.
The next confirmed step is regulatory implementation of the amended legislation. Claims that Japanese crypto ETFs could arrive in 2027 remain forecasts. SHIB has gained broader regulated exchange access, but its ETF prospects remain unconfirmed.
Meanwhile, SHIB traded at $0.0000055 at press time, indicating a 8% increase in in the past 7 days and 17% in the past month.
Japan is moving closer to launching cryptocurrency exchange-traded funds (ETFs) following a significant shift in regulatory policy, which now places digital assets under the same legal framework as traditional financial instruments.
Crypto classified as financial instrumentsOn July 15, 2026, Japan’s National Diet passed legislation to reclassify cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act (FIEA). This transition means that digital assets are now subject to the same laws and oversight as stocks, a move considered foundational for further integration into established financial markets.
Industry observers highlighted that the adjustment not only clarifies the legal standing of cryptocurrencies but also establishes mechanisms for separate taxation of these assets. Market sources expect this classification to set the groundwork for launching crypto ETFs in Japan, with the Tokyo Stock Exchange potentially listing such products as early as 2027.
Path to listing and regulatory hurdlesAlthough the FIEA reclassification represents a milestone, final approval for crypto ETFs will require rulemaking by Japan’s Financial Services Agency (FSA). Analysts anticipate that the earliest exchange listings would be in 2027, with Bitcoin likely to lead those initial offerings.
Shiba Inu (SHIB) has also emerged as a contender in Japan’s evolving crypto ETF landscape. The coin earned a spot on the Japan Virtual and Crypto Assets Exchange Association’s (JVCEA) Green List in November 2025, joining Bitcoin and Ethereum. This designation highlights SHIB’s regulatory status and could be instrumental for eligibility in future ETF products.
In June 2026, Mercari, Japan’s largest marketplace with 23 million users, began supporting SHIB, boosting the coin’s exposure within the country’s retail investor base.
Shiba Inu’s momentum and market accessMazrael, a longstanding Shiba Inu community participant, detailed the factors contributing to SHIB’s strengthened foothold in Japan. He pointed out that the Green List required listing on eight or more licensed Japanese exchanges, whereas the standard threshold is three, placing SHIB on the same tier as Bitcoin and Ethereum. He also emphasized the tax changes: capital gains on SHIB are now taxed at a flat rate of 20%, down from previous rates of up to 55%.
The Green List, the requirement for eight licensed exchanges when the bar is three, and recognition alongside BTC and ETH marks a turning point for SHIB. The drop from up to 55% tax to a flat 20%, plus Mercari listing SHIB for 23 million users, positions it favorably, with 4 million crypto accounts now open—85% belonging to new traders.
Mazrael also underscored that meeting eligibility criteria remains a crucial step before ETF consideration, describing it as the most significant barrier for most crypto assets.
Eligibility first, ETF later, remains the critical hurdle for digital assets seeking broader financial integration in Japan.
Global advances and tokenized asset trendsSHIB has not yet secured a spot ETF in the United States. However, the asset’s progress in global markets continues, with European exchange-traded products and regulated exposure in Japan already established, as well as newly introduced futures access in Canada.
As digital assets align more closely with traditional finance structures, a significant transformation is underway. In recent months, Wall Street has accelerated its move into Web3. Investors are increasingly opting for platforms like 1stepSwap, which enables them to hold shares of major US firms, gold, and silver within their crypto wallets. Through the tokenization of Real-World Assets and rapid price discovery, these solutions are eliminating traditional financial intermediaries from the investment process.
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After a robust recovery from its August lows, Shiba Inu is getting close to a crucial resistance zone, but exchange activity indicates that the rally may soon encounter significantly more selling pressure. During the most recent 24-hour period, SHIB recorded total exchange inflows of about 168.18 billion tokens.
Exchange flows turn uglyWhile the mean exchange inflow reached roughly 733.61 million SHIB, inflow activity increased by 0.83%. About 3.53 billion tokens were in the ten biggest deposits alone. Since tokens placed on trading platforms are instantly available for sale, exchange deposits are typically significant.
SHIB/USDT Chart by TradingViewAlthough the current increase occurs at a problematic technical moment for SHIB, it is not severe enough to confirm a large-scale distribution event. After making a significant comeback from the $0.0000044–$0.0000045 range, the token is currently trading at around $0.00000552.
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The 50-day moving average near $0.00000515 and the 100-day moving average around $0.00000503 have both been reclaimed by SHIB. That framework continues to be supportive. The 200-day moving average, however, is currently directly above the market at roughly $0.00000568.
Shiba Inu's late stage chapterAdditionally, SHIB was unable to hold onto the strong late-August move that momentarily pushed it closer to $0.0000059, putting the current recovery beneath significant long-term resistance.
Momentum does not yet indicate a clear breakout, but it does support additional upside. SHIB is in bullish territory without reaching overbought conditions, as the daily RSI is close to 60, above its moving average of 56. An important counterargument is also found in the exchange data.
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The total outflows exceeded the inflows of 168.18 billion SHIB, totaling about 208.98 billion SHIB. As a result, netflow is currently negative at 26.64 billion SHIB, and exchange reserves have slightly decreased by 0.03%. Therefore, the inflow figure by itself does not demonstrate that holders have begun to dump SHIB.
As of right now, the critical level is $0.00000568. The recovery could continue toward the former $0.0000059–$0.0000062 region if there is a clear breakout above the 200-day moving average. Failure there would raise the likelihood of a pullback toward $0.00000515 and $0.00000503, particularly in conjunction with accelerating exchange inflows.
Shiba Inu is approaching a significant resistance level after rebounding from August lows, but new data suggests the current rally could soon face increased selling pressure. Over the past 24 hours, exchange inflows for SHIB reached approximately 168.18 billion tokens, indicating heightened activity among traders.
Exchange activity and technical signalsThe mean exchange inflow during this period was around 733.61 million SHIB, while the inflow activity climbed by 0.83%. Notably, the ten largest deposits alone accounted for about 3.53 billion SHIB tokens. Placing tokens on trading platforms typically increases the possibility of sales, as these tokens become readily available on the open market.
Despite the surge in inflows, current activity has not yet confirmed a large-scale distribution event among holders. Shiba Inu has rallied from its previous range of $0.0000044 to $0.0000045 and is now trading close to $0.00000552, placing it just beneath a long-standing resistance zone.
Key moving averages and resistance zonesSHIB has managed to reclaim its 50-day moving average near $0.00000515 and the 100-day moving average around $0.00000503, providing some technical support for continued upward movement. However, the 200-day moving average, a critical indicator for longer-term trends, now sits just above the current price at roughly $0.00000568.
The cryptocurrency failed to sustain gains made during a late-August rally, which briefly pushed its price near $0.0000059. This inability to hold higher ground has kept recent attempts to break through resistance in check.
Momentum and risk factorsMomentum indicators currently favor further upside potential for SHIB. The token remains in bullish territory without entering overbought conditions, with the daily Relative Strength Index (RSI) around 60, slightly above its moving average of 56. However, caution prevails amid notable exchange data.
During the same 24-hour span, total outflows from exchanges surpassed inflows, reaching approximately 208.98 billion SHIB. This has resulted in a netflow of negative 26.64 billion SHIB and a slight reduction in exchange reserves by 0.03%. The negative netflow suggests that despite significant inflows, more tokens are leaving exchanges than entering them, undercutting fears of imminent heavy selling.
Technical traders are closely watching the $0.00000568 level. A sustained breakout above the 200-day moving average could trigger a move toward the former resistance range of $0.0000059 to $0.0000062. Conversely, a failure to break this level, especially with increasing exchange inflows, might push the price downward toward $0.00000515 and $0.00000503.
LevelStatusImplication$0.00000503 (100-Day MA)ReclaimedSupport$0.00000515 (50-Day MA)ReclaimedSupport$0.00000552 (Current)Trading below resistanceDecision area$0.00000568 (200-Day MA)Immediate resistanceBreakout target$0.0000059–$0.0000062Former resistanceNext target if breakoutShiba Inu, known for its community-driven development, has rapidly gained popularity as a meme-inspired digital asset. The token’s price movements are often influenced by technical levels and shifts in exchange activity, making these recent developments closely watched among traders.
After selling activities across major Shiba Inu exchanges had massively intensified in the past days, it appears that they have begun to cool as the asset's exchange metric is now flashing a different signal.
Although the broader crypto market has continued to show mixed price actions, data from CryptoQuant shows that traders are becoming bullish on the leading meme token again.
Shiba Inu demand intensifiesAccording to the data, Shiba Inu has seen its exchange netflow flip bullish after showing a negative balance of over 40 billion over the last 24 hours.
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Although Shiba Inu's current netflow does not mean an immediate price rally is brewing, it signals rising interest among investors, suggesting that more traders are willing to buy.
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The metric has drawn attention from market analysts because it is coming after multiple days of large positive balances, which often signaled increasing sell pressure.
With the Shiba Inu exchange netflow currently sitting at -40,506,300,000 SHIB, this implies that the number of tokens moved off exchanges for buying purposes is significantly larger than the amount of tokens sold by that figure over the last 24 hours.
Shiba Inu to $0.000006With Shiba Inu consistently trading above the $0.000005 mark since its last major price breakout in mid-August, market analysts believe that it could be on track to reclaim another major level if momentum holds.
While the -40 billion SHIB netflow signals increasing demand in the leading meme token, market participants predict that the brewing demand could be the push Shiba Inu needs for its next leg up to reclaim and hold above $0.000006.
A token, interestingly named Useless Coin (USELESS), soared in value last week, outperforming several established meme tokens.
Useless Turns Out to be ‘Useful’The Solana (CRYPTO: SOL)-based community-driven memecoin soared 230% over the week and is up 444% in a month
Launched via the BONKfun memecoin launchpad, the project gained major visibility after winning a Kraken trading competition, which led to its logo appearing on the jerseys of Atlético de Madrid, a Spanish professional football club.
Widely followed cryptocurrency analyst Zcash called the bottom in for USELESS and encouraged quick buying to drive it to a $10 million market capitalization.
Another Parody Coin Makes Waves“The world’s first cryptocurrency that promises nothing and delivers exactly that.” Yes, that’s literally how the coin is described on the official website. Yet, it has ballooned into an asset worth $216 million.
The entire project, right down to its "Useless Whitepaper," is a parody.
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The memecoin sector has seen multiple coins launched purely as parodies, offering no functional utility or technological purpose.
The real standout is the name If you think USELESS is outrageous, don’t forget there’s also a Fartcoin (CRYPTO: FARTCOIN).
USELESS overshadowed more popular and valuable memecoins, including Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
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Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Photo Courtesy: Elpisterra on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
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There is no dedicated spot ETF for Shiba Inu in the United States yet, but while it waits for this milestone, it expands its footprint through a European exchange-traded product, regulated access in Japan, and newly available futures exposure in Canada.
Mazrael, a longstanding Shiba Inu community member, noted this fact in response to a question about the current status of a Shiba Inu ETF.
Good question. Where SHIB actually stands:
🇺🇸 US T. Rowe Price's TKNZ (NYSE Arca) was SEC-approved June 2026. Actively managed basket, 5–15 assets. SHIB is one of 18 named eligible assets in the July prospectus.
🇪🇺 Europe Valour SHIB ETP is live and tradeable: ticker 1VBS, ISIN…
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— Mazrael.shib (@Mazrael_shib) September 5, 2026 Mazrael said that while SHIB doesn't have an ETF yet, it is "well on track." He cited various developments as evidence that Shiba Inu is on the right road despite the lack of a dedicated ETF.
Shiba Inu well on trackMazrael highlighted that Shiba Inu was among eligible assets named in the prospectus of T. Rowe Price's TKNZ, which the SEC approved in June 2026. According to T. Rowe Price's S-1 filing, the ETF could hold several cryptocurrencies but will not hold all of these assets at once. Under normal circumstances, the ETF plans to maintain between five and fifteen crypto assets at a time, using an active management strategy rather than tracking a single token or passively following a benchmark.
The T. Rowe Price ETF launched with eight coins excluding SHIB: Bitcoin, Ethereum, BNB Chain, Solana, XRP, Chainlink, Dogecoin, and Cardano.
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In a separate development, Laser Digital Japan, the Japanese entity of Nomura's digital assets subsidiary, Laser Digital, announced in August that it had completed its registration and was authorized to operate as a crypto asset exchange service provider under Japan's Payment Services Act. The development could boost Shiba Inu's status in Japan, as it is among the six crypto assets listed by the exchange.
In Europe, Valour SHIB ETP has launched and is tradable. In another development, Coinbase introduced regulated crypto futures trading to eligible Canadian clients through its CFTC-registered futures arm. The offering includes 23 crypto futures contracts; among them is Shiba Inu (SHIB).
Mazrael sums up these developments, saying, "One live ETP in Europe, one approved US ETF that can hold it, regulated spot access in Japan. Doge got its dedicated spot ETFs first. SHIB's route in was the commodity classification. Oh, and futures that just opened in Canada. No ETF yet. But well on track."
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.
In an effort to maintain its recent price recovery, Shiba Inu is witnessing a discernible rise in exchange inflows. According to on-chain data, net exchange flows rose by about 75 billion SHIB during the previous day, which could lead to more selling pressure. There are currently 193.32 billion SHIB in total exchange inflows and 131.59 billion SHIB in outflows.
Shiba Inu netflows stay highNetflows are left at roughly 61.73 billion SHIB due to the difference. However, the net amount going toward exchanges has increased by about 75 billion tokens when compared to the previous reading. More important than the metric's displayed percentage change is the direction.
SHIB/USDT Chart by TradingViewMore tokens become accessible on centralized trading platforms when inflows surpass withdrawals. Since exchange transfers can happen for a variety of reasons, this does not ensure that holders will sell their SHIB; however, consistent positive netflows typically boost the immediately liquid supply.
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Exchange reserves offer more context. Currently, exchanges hold about 87.36 trillion SHIB, which has increased by 0.07 percent in the last day. Exchange reserves are currently valued at about $477 million, up 0.44 percent. The shift occurs at a time when SHIB's price is vulnerable.
Shiba Inu is setAfter making a significant comeback from its August low near $0.0000044, the token is currently trading around $0.00000543. The daily chart's ascending trend line is still intact, and SHIB has set up a series of higher lows. But resistance is approaching swiftly. Since the 200-day moving average is located at $0.00000568, the $0.0000056–$0.0000057 area is a significant technical barrier.
After its August spike toward $0.0000062, SHIB already experienced considerable selling in this region. For the time being, momentum is not overheated but rather constructive. There is room for another attempt at resistance without going into overbought territory because the daily RSI is at about 58.
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That setup is complicated by the additional exchange supply. In the event that net inflows keep increasing while SHIB tests the 200-day moving average, sellers would have significantly more liquidity right away.
On the other hand, maintaining above the rising support around $0.0000051–$0.0000052 in spite of those inflows would suggest that the extra exchange-side supply is being absorbed by current demand.
TLDR: Shiba Inu price gains 0.89% to $0.00000545, but a 75 billion-token increase in net exchange flows raises near-term supply pressure. Exchange inflows total 193.32 billion SHIB against 131.59 billion in outflows, leaving positive netflows near 61.73 billion tokens. SHIB faces immediate resistance at $0.00000548, followed by the $0.0000056 to $0.0000057 zone and the 200-day moving average. Open interest climbs almost 19%, while $0.00000541 serves as nearby support before lower levels at $0.00000533 and $0.0000051 to $0.0000052. Shiba Inu price currently trades near $0.00000545 after gaining 0.89% over 24 hours. The advance slightly outpaces a broadly positive cryptocurrency market. Still, a sharp rise in tokens moving toward exchanges now tests the recovery. Market data shows net exchange flows increased by about 75 billion SHIB during the latest day.
The shift places more immediately tradable supply near sellers while SHIB approaches a major technical barrier. Rising derivatives activity adds another layer of volatility. Open interest reportedly climbed almost 19%, reflecting stronger leveraged positioning. Buyers must now absorb added supply and defend nearby support to extend the current rebound.
Shiba Inu (SHIB) Price Shiba Inu Price Meets Rising Exchange-Side Pressure According to Cryptorank data, the total exchange inflows reached 193.32 billion SHIB, while outflows stood at 131.59 billion SHIB. That difference left netflows near 61.73 billion tokens. Compared with the previous reading, the net amount moving toward exchanges increased by approximately 75 billion SHIB.
SHIB exchange inflows do not prove that holders intend to sell. Owners may transfer tokens for trading, collateral, custody changes, or portfolio restructuring. Nevertheless, persistent positive netflows increase the supply readily available on centralized platforms. That can strengthen near-term selling capacity during a resistance test.
Exchange reserves provide context. Trading platforms hold about 87.36 trillion SHIB, up 0.07% during the latest day. Their dollar value rose 0.44% to roughly $477 million. The faster increase in value also reflects the token’s daily price gain.
A sustained rise in reserves would keep the Shiba Inu price exposed to deeper liquidity on trading venues. A reversal in netflows, by contrast, would reduce the immediate pool of tokens available for transactions. That makes flow direction important during the current resistance test.
The Shiba Inu price has recovered sharply from its August low near $0.0000044. At the current level, the token trades about 24% above that floor. A rising daily trend line also stays intact, supported by a sequence of higher lows.
Immediate resistance sits near $0.00000548. Above that point, traders face the broader $0.0000056 to $0.0000057 supply zone. The 200-day moving average stands near $0.00000568, adding weight to that barrier. SHIB encountered heavy selling there after its August rally reached approximately $0.0000062.
Technical Levels Shape the Near-Term SHIB Price Outlook Momentum offers buyers room for another test. The daily relative strength index sits near 59, below commonly watched overbought territory. This reading shows positive momentum without the extreme conditions that often accompany an exhausted advance.
The SHIB price outlook first depends on $0.00000541. Holding that nearby support could keep $0.00000548 within reach. A decisive move above resistance would return attention to the 200-day moving average. Failure to hold $0.00000541 could expose the next short-term level near $0.00000533.
Source: TradingView Deeper support sits along the rising trend area between $0.0000051 and $0.0000052. Defending that zone while SHIB exchange inflows stay elevated would show that market demand is absorbing added platform supply. A breakdown would weaken the higher-low structure established since August.
Derivatives positioning could magnify either move. Open interest reportedly expanded almost 19%, signaling more leveraged exposure across SHIB contracts. Leverage can accelerate gains when resistance breaks. It can also intensify declines when falling prices trigger liquidations and forced position closures.
Broader conditions currently provide a modest tailwind. Total cryptocurrency market value gained about 0.96%, while Dogecoin advanced 4.85%. That meme-coin strength helps explain why the Shiba Inu price posted a gain despite rising exchange balances.
Traders are monitoring the United States CPI report scheduled for September 11. An inflation surprise could shift expectations for monetary policy and alter risk demand. Until then, the Shiba Inu price outlook centers on exchange supply, leveraged positioning, $0.00000541 support, and resistance near $0.00000548.
Shiba Inu, one of the best-performing meme tokens, is seeing renewed momentum after it recently saw a brief price correction as bullish traders flood its derivatives market again.
While this has printed a bullish signal for the leading meme token, the latest data from Coinglass shows a massive surge in activity in the Shiba Inu derivatives market across all exchanges.
Shiba Inu reclaims 10.74 trillion threshold As bullish traders appear to be dominating the crypto market again, Shiba Inu futures traders are also flooding the market as data shows an explosive surge in the asset's open interest volume over the last day.
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Per the data, the Shiba Inu open interest has surged by 19.28% over the last 24 hours as futures traders begin to show renewed interest and increasingly open new positions.
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Following this massive surge in the Shiba Inu open interest metric, over 10,740,000,000,000 SHIB tokens have been committed to derivative markets across all major exchanges as of Saturday, September 5th.
The rapid surge in Shiba Inu futures activity suggests that Shiba Inu holders are increasingly becoming convinced about a potential increase in the price of SHIB and are massively betting on this possibility.
Shiba Inu holds above $0.000005After Shiba Inu claimed the crucial $0.000005 price level during the massive price rally seen last month, the asset has continued to trade above that level until this moment.
While it has maintained the level despite the brief price correction seen in previous days, it appears that momentum around Shiba Inu is still strong and could drive the asset to removing a zero soon.
TLDR: Shiba Inu exchange outflows surged 121.26%, although faster inflow growth reduced the bullish impact of the withdrawal increase. SHIB exchange inflows climbed 182.3% to about 1.68 billion tokens, leaving significantly more liquidity available on trading platforms. Shiba Inu price remains focused on the $0.00000500 support area after rebounding nearly 6% from its recent August weakness. Shytoshi Kusama changed his X location to “close” and bio to “Polish,” but no confirmed announcement explains those updates. Shiba Inu exchange outflows jumped sharply during the latest measured period, but heavier inflows limited the bullish impact for SHIB. CryptoQuant data showed the seven-day average outflow rising 121.26% to roughly 579 million tokens. However, exchange inflows increased much faster, climbing 182.3% to about 1.68 billion SHIB.
That imbalance left a positive net flow of 86.53 billion SHIB across monitored platforms. Rising reserves can keep more tokens available for sale if demand weakens. SHIB still traded 1.14% higher over 24 hours and remained almost 6% higher for the week. The rebound followed volatile trading after stronger August U.S. employment data.
Shiba Inu SHIB Price Shiba Inu Exchange Outflows Rise as Inflows Accelerate Shiba Inu exchange outflows often attract attention because withdrawals can reduce immediately tradable supply. Traders usually view sustained withdrawals as constructive when tokens move into private wallets. That pattern can signal lower near-term selling pressure and stronger holder conviction.
This time, however, the broader flow picture remained less supportive. SHIB exchange inflows climbed far faster than withdrawals during the same measured window. The seven-day average inflow reached about 1.68 billion tokens, compared with roughly 579 million leaving exchanges.
The difference matters because stronger deposits can raise the amount of SHIB available near current market prices. A positive exchange net flow means more tokens entered platforms than left them. That can create nearby supply even when headline outflow growth appears strong.
Cryptoquant data showed a positive net flow of 86.53 billion SHIB across monitored exchanges. Higher reserves do not guarantee immediate selling, since users may deposit tokens for several reasons. Still, the balance leaves traders watching whether buyers can absorb available liquidity without losing support.
Shiba Inu exchange outflows therefore offer only a partial bullish signal. The faster rise in SHIB exchange inflows weakens the case for a supply squeeze. Traders may need a sustained reversal in net flows before reading withdrawals as a stronger accumulation signal.
Shiba Inu Exchange Outflows Keep Price Support in Focus Price action remains equally important while exchange activity stays mixed. SHIB recently recovered from an August thirty-day low near $0.00000488. The token gained almost 6% during the week and rose 1.14% over the latest 24 hours.
The recovery keeps $0.00000500 as an important support area for short-term traders. Holding that level could help buyers preserve the recent rebound. A break below it may expose lower price zones if exchange liquidity remains elevated.
Momentum still appears fragile because stronger inflows can place more inventory near the market. Buyers must absorb that supply to keep the rebound intact. Without stronger demand, rising reserves could limit upside even while withdrawals continue increasing.
Community attention has also shifted toward Shytoshi Kusama after subtle changes to his X profile. The Shiba Inu lead ambassador changed his listed location to “close” from an earlier project-related description. His bio also changed to the single word “Polish.”
Prominent community members noticed the edits, but Kusama has not explained their meaning. The changes may point to project development, though no confirmed announcement has followed. Any direct link to a launch would remain speculative without additional communication.
Kusama previously discussed an AI-powered relationship platform during a February 2026 livestream. The project aimed to help couples identify behavioral patterns, friction points, and possible compatibility risks. His earlier profile language referenced final beta work and bug checks.
Shiba Inu exchange outflows will remain one useful indicator, but traders are also watching inflows and price structure. The next directional move may depend on whether exchange deposits slow and buyers defend $0.00000500. Kusama’s profile activity adds community interest, but on-chain liquidity remains the more measurable market signal.
For now, reserve growth keeps immediate selling risk firmly visible across major exchanges. A deposit slowdown could improve that market balance.
Shiba Inu saw a notable increase in exchange outflows, but the wider picture points to mounting supply-side pressure as inflows of SHIB to trading platforms grew even more quickly. CryptoQuant reported that the seven-day average SHIB outflow surged 121.26% to about 579 million tokens, while exchange inflows jumped 182.3% to approximately 1.68 billion tokens over the same period. This trend left net inflows positive and reserve balances for SHIB at elevated levels, drawing caution among traders focusing on liquidity risks.
Exchange outflow signals tempered by rapid inflow growthA spike in outflows is often interpreted as a bullish indicator if holders are withdrawing tokens for self-custody, potentially reducing near-term supply available for sale. However, market observers cautioned that the impact was undermined by faster inflows, which pushed net exchange flows higher in favor of additional supply.
With inflows reaching 1.68 billion SHIB and outflows at 579 million, the imbalance resulted in a positive net flow of 86.53 billion tokens across major exchanges. Elevated reserves can heighten risk for sellers if buying momentum weakens, because more tokens are available to trade at current prices.
CryptoQuant analysts outlined that increased deposits do not necessarily indicate imminent selling, as users might transfer tokens for multiple reasons. Nevertheless, the current structure still means buyers must absorb higher supply to sustain the latest price recovery.
While sustained withdrawals are often seen as constructive, the uptick in SHIB deposits outweighed outflows this cycle. Net positive exchange flows point to significant liquidity at hand if demand falters.
Against this backdrop, SHIB traded 1.14% higher within 24 hours and nearly 6% above weekly lows. The recovery followed a volatile stretch driven by stronger-than-expected U.S. employment data in August.
Price remains tied to key support while SHIB community watches developmentsSHIB recently rebounded from a thirty-day low near $0.00000488, with the $0.00000500 level emerging as key short-term support. Market participants are monitoring whether this area holds, as a breakdown could open further downside if reserves remain large and inflows persist.
Momentum continues to look fragile until buyers convincingly absorb the additional liquidity entering exchanges. Greater reserves often restrict upside potential because they represent tokens more easily sold if sentiment shifts. Traders suggested that a slowdown in deposits may be necessary before a sustained uptrend can develop.
Changing activity within the SHIB ecosystem kept the spotlight on its community ambassador, Shytoshi Kusama. Kusama updated his X profile location to “close” and changed his biography to “Polish,” stirring speculation among the community about project updates. However, no official announcement has clarified these alterations, and the meaning remains uncertain until new developments are confirmed.
The SHIB community remains attentive to Kusama’s recent profile changes, which featured a new location as “close” and a singular biography update to “Polish.” However, there has been no public statement explaining these edits, leaving their purpose open to interpretation.
Kusama had previously alluded to potential project launches, referencing an AI-powered platform earlier in the year, but the recent profile edits have yet to be linked to any event or release.
The dynamic between exchange inflows and outflows stays at the forefront for traders assessing SHIB’s short-term direction. Many believe that price action will pivot on whether inflows recede and if critical support holds in the face of persistent supply.
While technical structure and liquidity indicators shape SHIB’s outlook, broader shifts are underway in digital asset investing. Traditional market participation continues to evolve, as investors now deploy platforms like 1stepSwap to hold shares of leading U.S. equities, as well as gold and silver, directly within their crypto wallets. These solutions tokenize Real-World Assets and leverage automated price discovery across venues, effectively removing legacy intermediaries and reshaping market access for both traditional and crypto-native participants.
For SHIB specifically, analysts cautioned that immediate risks will remain as long as exchange balances trend higher. A reduction in inflows or renewed buying at critical support could alter the balance in favor of bulls. Until then, the spotlight will remain on liquidity dynamics and community updates alike.
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.
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One of Shiba Inu's most significant exchange metrics is drastically shifting in the opposite direction, despite the token being under fresh selling pressure. As the token tests a crucial technical area, SHIB's seven-day average exchange outflow has increased by more than 100% in a single day, possibly offering some support.
Exchange outlfows are risingExchange Outflow (Mean, MA7) is estimated to be 579 million SHIB based on on-chain data, up 121.26% over the previous day. The rise is significant because exchange outflows typically indicate that tokens are leaving trading platforms. This may lower the quantity of immediately liquid SHIB that is available for sale if it continues.
SHIB/USDT Chart by TradingViewBut there's a catch. Inflows are growing even more rapidly. Exchange Inflow (Mean, MA7) increased by 182.3% to roughly 1.68 billion SHIB. With 318.28 billion SHIB in total inflows and 231.74 billion in outflows, the total exchange netflow was positive at roughly 86.53 billion SHIB.
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Because of this, the signal is far less bullish than the outflow increase alone would indicate. More SHIB is being withdrawn by investors, but an even greater sum is concurrently arriving at exchanges. As a result, exchange reserves have increased by 0.1% to about 87.29 trillion SHIB.
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Because SHIB is currently under technical pressure, the timing is crucial. The token has dropped nearly 4% on the daily candle and is currently trading close to $0.00000520. The major long-term moving average is still at $0.00000568, but its recent recovery was rejected at $0.00000540.
Critical support is closerSHIB is now getting close to a crucial support cluster at $0.00000500. This is where the major moving averages and the rising short-term trendline converge. Additionally, the RSI has dropped to roughly 53.7, indicating a weakening of bullish momentum without entering oversold territory.
Therefore, the 121% increase in outflow may help ease some short-term supply pressure, but it cannot "save" SHIB on its own. The greater inflow spike and positive exchange netflow indicate that there is still a significant amount of sell-side liquidity.
$0.00000500 is the critical level for bulls. Holding it allows for another attempt at $0.00000540–$0.00000568 and preserves the August recovery structure. Instead, a clear breakdown would reveal about $0.00000480, which would be followed by the larger August support zone around $0.00000440.
Burn Page Returns Error as Data Goes MissingThe official burn tracking page on Shibarium is currently failing to load, leaving $SHIB holders without visibility into one of the token's core deflationary mechanisms.
The contract address in question, ethereum:0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce, tracks tokens permanently removed from circulation. It remains unclear whether the outage reflects a technical fault or a broader reporting change.
How the Shibarium Burn Mechanism WorksToken burning sits at the centre of Shibarium's value proposition.
The Shiba Inu team later introduced ShibTorch to automate this process further.
Despite the mechanism running in the background, the scale challenge is significant.
The data outage comes at a sensitive moment for the project. Whether it is a temporary technical glitch or something more structural, the community is watching closely given how central burn reporting is to sentiment around $SHIB.
Sources:
Coin Turk: Shibarium burn data page fails to load
The Crypto Basic: Shibarium quietly burns hundreds of millions of SHIB
MEXC: What is SHIB burn and how it affects your investment
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu is trying to prolong its most recent comeback, but the way the market is currently structured raises serious concerns about whether SHIB has enough momentum to create a long-term bullish trend. Although the token has recovered from its August lows, a number of technical barriers are still directly above the price.
Shiba Inu's market structureSHIB has gained about 3% in the past day and is currently trading at about $0.00000535. More significantly, the asset is now above the moving average cluster around $0.00000500–$0.00000507. As of right now, this region serves as the primary support zone. Bulls have a reasonably clear level to defend thanks to the rising trendline from the August bottom.
SHIB/USDT Chart by TradingViewBut SHIB has already shown that it is hard to keep up the momentum above $0.00000540. The token briefly moved toward $0.00000620 during the August rally, but sellers fiercely opposed the move. Before SHIB can even think about retesting that prior peak, there will be another significant resistance level created by the major long-term moving average, which is currently located around $0.00000568.
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Furthermore, momentum does not offer a clear indication of bullishness. SHIB is above the neutral 50 level but far from an extreme momentum reading, as the daily RSI is close to 57.6. To put it another way, buyers currently have an advantage, but not enough to support an explosive continuation.
Shiba Inu's spot flows turn negativeThe situation becomes more intriguing when looking at spot flows. Over the course of eight hours, SHIB recorded negative net spot flows of about $271,000, whereas the four-hour figure was about negative $210,000. Persistently negative net flows may be a sign that tokens are leaving exchanges, which lowers the supply that can be sold right away.
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These numbers, however, are still insignificant in comparison to SHIB's approximately $3.16 billion market capitalization, and as a result, they are unable to independently bolster a bullish thesis. Activity in futures is likewise uneven.
Open interest differs greatly across exchanges, and 24-hour liquidations are still comparatively small at about $112,000. As a result, SHIB is still recovering rather than experiencing a definitive bullish breakout.
While breaking $0.00000568 could significantly strengthen the improving structure, holding $0.00000500 would maintain it. However, losing $0.00000500 would call into question the existing ascending structure and put SHIB at risk of making another move in the direction of the $0.00000480–$0.00000440 region.
Shiba Inu long-term proponent Mazrael has pushed back against claims that SHIB could take an extremely long time to reclaim its all-time high (ATH).
According to Mazrael, Shiba Inu only needs to eliminate one zero from its current price to return to its previous ATH. He made the argument while responding to a critic who questioned whether SHIB holders could survive long enough to wait for the token to eliminate two zeros.
The critic invoked the biblical figure Noah, who is traditionally described as having lived for nearly 1,000 years. However, Mazrael suggested that the comparison overlooks SHIB’s historical volatility and the progress its ecosystem has made since the 2021 bull market.
SHIB Needs a 16.7x Rally to Revisit Its ATH Mazrael pointed to Shiba Inu’s previous ATH of $0.00008616. At the time of his commentary, SHIB had five leading zeros after the decimal point, compared with four at its peak.
Based on that price difference, Mazrael estimated that SHIB would need a 16.7x increase to revisit $0.00008616 from its price of $0.000005159. However, he argued that such a rally should not automatically be viewed as a multi-century proposition.
To support his argument, Mazrael highlighted SHIB’s historical price performance. According to him, SHIB has achieved a 16.7x increase within a single week on 12 separate occasions, with three of those rallies occurring within just three days.
Moreover, he noted that SHIB removed its last zero in only two days. Therefore, Mazrael believes another major rally could potentially eliminate the remaining zero much faster than critics anticipate.
Mazrael Highlights SHIB’s Growing Recognition Meanwhile, Mazrael argued that the Shiba Inu ecosystem has changed considerably since SHIB reached its ATH in 2021. He pointed to several developments that he believes have strengthened the token’s broader recognition.
For instance, Mazrael referenced developments involving the U.S. SEC and CFTC in March 2026, emphasizing that SHIB was included among 16 digital commodities.
He also highlighted Japan, where he said the Financial Services Agency (FSA) has cleared SHIB. Additionally, he pointed to Nomura’s Laser Digital, which lists SHIB alongside assets such as Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin.
Mazrael further emphasized that SHIB is the only meme coin included in that particular Laser Digital asset group.
Furthermore, he pointed to growing access to SHIB in Europe. Specifically, he referenced Valour’s SHIB exchange-traded product (ETP), which trades on Sweden’s Spotlight Stock Market. According to Mazrael, the product gives investors another way to gain SHIB exposure through a conventional brokerage account using Swedish krona.
SHIBArmy Remains Strong, Mazrael Says The discussion followed a question from Chinese crypto influencer Wang Duanniao, who questioned whether the Shiba Inu community still exists.
In response, Mazrael highlighted several factors that he believes demonstrate the continued strength of the SHIBArmy. These include Shibarium, Shiba Inu’s Layer-2 network on Ethereum, SHIB’s position among major meme cryptocurrencies, its availability on leading centralized exchanges, and its growing recognition across the United States, Japan and Europe.
Ultimately, Mazrael argued that the Shiba Inu community remains active and committed despite the token’s prolonged decline from its 2021 peak.
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 is attempting to extend its latest rebound, but current market dynamics raise doubts about the token’s capacity to sustain a longer-term upward trend. Although SHIB has moved off its August lows, several technical barriers remain immediately above its current price.
Price action and support levelsThe SHIB token has climbed approximately 3% in the past 24 hours, currently trading at around $0.00000535. Notably, SHIB now sits above a moving average cluster in the $0.00000500 to $0.00000507 range, which has established itself as the primary support region. The rising trendline from August’s price bottom provides bulls with an important level to defend.
However, the token has struggled to maintain momentum beyond $0.00000540. During the August rally, SHIB briefly approached $0.00000620, but significant selling pressure halted that move. A key long-term moving average creates resistance near $0.00000568, representing a major obstacle before any potential retest of previous highs.
Momentum and technical indicatorsMomentum indicators remain mixed. While SHIB is holding above the neutral 50 mark on the daily Relative Strength Index, the current value of about 57.6 does not reflect strong bullish sentiment. Buyers maintain a technical advantage, but conditions do not support an aggressive upward continuation at this stage.
Persistently negative net spot flows in SHIB may indicate a trend of tokens leaving exchanges, which could limit immediate selling pressure, but the current flows are too minor relative to the overall market to serve as a standalone bullish signal.
Spot flows and market activitySpot flows present additional complexity. Over the past eight hours, SHIB saw negative net spot flows of roughly $271,000, with a four-hour measure showing around negative $210,000. Such consistently negative flows may suggest that tokens are moving off exchanges, tightening available supply.
Despite these outflows, the amounts remain small compared to SHIB’s $3.16 billion market capitalization and therefore cannot independently validate a bullish outlook. Futures market activity is similarly indecisive, with open interest varying significantly between platforms and total 24-hour liquidations totaling about $112,000. This data highlights that SHIB’s recovery remains cautious rather than establishing a clear bullish breakout.
Critical price levels and market monitoringTechnicians are watching key levels closely. Breaking above $0.00000568 could reinforce SHIB’s improving technical structure, while holding above $0.00000500 is essential for maintaining the current trend. If the price falls below $0.00000500, the risk of a pullback into the $0.00000480 to $0.00000440 region increases and would challenge the prevailing upward momentum.
In an environment where one central bank decision or the sudden listing of an altcoin can shift the landscape instantly, effective monitoring of market movements is crucial. Modern traders are turning to integrated platforms such as CryptoAppsy, which offer a privacy-first approach. By consolidating real-time charts, smart price alerts, coin-specific headlines, and macroeconomic data without the need for registration, tools like these streamline the decision process and help investors react quickly.
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Although Shiba Inu's price chart appears to be stabilizing, one of its most recent exchange metrics presents a potentially unfavorable development for the bullish scenario. A significant decrease in SHIB's average exchange outflows is the primary shift. At roughly 261.7 million SHIB, the seven-day moving average of mean exchange outflows has decreased by 75.55%.
Exchange outflows slow downTokens leaving trading platforms for private wallets are typically linked to exchange outflows. Therefore, significant outflows may be a sign of accumulation or decreased sell-side liquidity that is readily available. A 75% contraction indicates a significant weakening of this potential accumulation source.
SHIB/USDT Chart by TradingViewThe development gains significance in relation to inflows. The seven-day moving average of mean inflows increased by 24.13% to 595.68 million SHIB, while total exchange inflows increased by 1.48% to about 398.35 billion SHIB. Put differently, there has been a shift in the short-term exchange balance from withdrawals to deposits.
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Additionally, SHIB's exchange reserve grew by 0.29%, reaching roughly 87.21 trillion tokens. Although having more tokens on exchanges does not ensure that they will be sold, it does increase the amount of SHIB that holders may be able to sell right away. It is interesting to note that overall exchange netflow decreased by 10.29%, indicating that the data does not suggest a complete capitulation event.
Pressure being absorbed Rather, the divergence between increasing inflow activity and falling average outflows is a more significant signal. Thus far, SHIB's price structure has done a fair job of absorbing the pressure. Above the cluster of shorter moving averages around $0.00000503–$0.00000499, the token trades at approximately $0.00000524. Additionally, the rising trendline from August lows is still in place.
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The next significant barrier is located at $0.00000569, which corresponds to the 200-day moving average. The overall technical structure would be significantly improved by surpassing that threshold.
SHIB is still in recovery territory for the time being, but one of the signals that bulls would prefer to see is weakened by the 75.55% outflow collapse. As a result, holding $0.00000500 is becoming more crucial. While persistent strength above current levels would keep another attempt at $0.00000569 in the running, a breakdown could reveal the 50-day moving average near $0.00000478.
An early Shiba Inu whale has resumed large-scale selling after a month of inactivity, moving nearly 600 billion SHIB worth $3.09 million.
According to Arkham data, the whale moved the tokens in two transactions. The whale first transferred 280 billion Shiba Inu tokens before sending another 320 billion SHIB in a separate transaction.
Notably, the whale sent both transfers to a Forwarder address associated with distribution activity, which subsequently moved the tokens to an address affiliated with BitGo. This transfer pattern suggests that the whale could be preparing the tokens for sale or exchange, potentially adding further selling pressure to SHIB.
Shiba Inu Whale Moves 600B SHIB Whale Bought 103 Trillion SHIB for $13,700 The whale’s history makes the latest transaction particularly significant. The address acquired 103 trillion SHIB in August 2020, around the time Shiba Inu launched. At the time, the whale spent just $13,700 to build the massive position, which represented 17.4% of SHIB’s total supply.
The investment later generated extraordinary gains. During SHIB’s all-time-high period in October 2021, the whale’s holdings reached a value of $9.1 billion.
Despite the enormous appreciation, the whale did not immediately liquidate its position. Instead, it sold only a portion of its holdings before becoming largely inactive for several years.
Dormant Whale Resumes SHIB Sales The whale has now returned to the market in 2026 and has gradually transferred portions of its enormous SHIB holdings.
Notably, the latest 600 billion SHIB movement follows a similar transfer previously linked to the same wallet. Before the latest transaction, the whale’s most recent SHIB sale occurred a month ago.
With these transactions included, the whale has sold approximately 10.06 trillion SHIB so far. Nevertheless, the whale still controls a substantial position. The address currently holds 93.27 trillion SHIB, worth around $485.94 million at a SHIB price of $0.0000052.
This means the whale could still exert significant influence on SHIB’s market dynamics if it continues moving large portions of its remaining holdings.
Whale SHIB Holding SHIB Exchange Inflows Signal Rising Distribution Meanwhile, the whale’s activity coincides with broader signs of increased SHIB distribution across exchanges.
According to CryptoQuant data, exchanges recorded a net inflow of 189.18 billion SHIB over the past 24 hours. In other words, wallets deposited more SHIB into trading platforms than they withdrew during the period.
Shiba Inu Exchage Flow Generally, investors transfer tokens to exchanges when they intend to sell, trade, or otherwise deploy their holdings. Therefore, sustained positive exchange netflows can indicate rising potential selling pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu (SHIB) trades around $0.00000516 on Wednesday following a rebound of nearly 4% earlier this week. Despite the price recovery, Santiment data shows certain whales offloading SHIB tokens. Meanwhile, weakening derivatives and on-chain data for the meme coin suggest a cautious tone, which could increase the downside risk.
Whales are selling SHIBSantiment’s Supply Distribution data supports a bearish outlook for Shiba Inu, as large-wallet holders (whales) are reducing exposure after the meme coin’s recent price surge.
The metric indicates that whales holding between 1 million and 10 million (yellow line) and 10 million and 100 million tokens (blue line) have shed 40 billion tokens since August 22.
In the same period, whales holding between 100,000 and 1 million (red line) have accumulated 990 million SHIB. This indicates a shift in positioning among large holders: top-tier whales and mid-sized whales are reducing exposure, signaling potential profit-booking, while small whales are absorbing some supply, often reflecting distribution and adding near-term downside risk for the meme coin.
SHIB supply distribution chart. Source: SantimentDerivatives and on-chain data show weakening signsSHIB derivatives metrics and on-chain outlook show a cautious tone. CoinGlass’ long-to-short ratio for the dog-themed meme coin read 0.93 on Wednesday. The ratio being below one, indicates bearish sentiment, as traders are betting the asset’s price will fall.
Shiba Inu long-to-short ratio chart Source: CoinglassCryptoQuant’s summary data also shows bearish bias. SHIB’s spot and futures markets show heating market conditions, while futures markets show large whale orders after the recent price surge. Other metrics remain neutral, highlighting a mixed and cautious sentiment among traders.
SHIB summary chart. Source: CryptoQuantShiba Inu technical outlook: Key support holds strongShiba Inu price trades around $0.00000516 on Wednesday after rebounding nearly 4% earlier this week, following a retest of the key 50-day EMA around $0.00000489.
If SHIB continues its recovery, it could extend the rally toward the 200-day EMA at $0.00000569.
Momentum indicators show mixed sentiment: The daily Relative Strength Index (RSI) reads 54 and is rising, indicating strengthening bullish momentum. However, the Moving Average Convergence Divergence (MACD) showed a bearish crossover on Sunday with rising red histogram bars, indicating bearish bias.
SHIB/USDT daily chartIf SHIB faces a correction, it could extend the decline toward the 50-day EMA at $0.00000489.
, reflecting a sharp slowdown compared to the prior month's activity.
A Steep Drop from July's Record Pace
Who Led the Burns in August Centralised exchanges also featured prominently in the rankings.
CEX.IO contributed 61.41 million SHIB across five transactions, while Robinhood transferred 39.04 million SHIB through 101 separate transactions.
The involvement of major retail brokerages such as Robinhood and Coinbase alongside dedicated ecosystem platforms like WoofSwap illustrates how the burn mechanism draws participation from across the crypto landscape, even during quieter months.
Sources:
The Crypto Basic: Robinhood and Coinbase Among Top 10 Shiba Inu Burners in August
Shibburn: Official SHIB Burn Tracker
Cryptonomist: Shiba Inu Token Burns Drive 17% Price Rally
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A Shiba Inu mega whale has moved another 600 billion SHIB worth roughly $3.09 million.
The holder has continued to unwind a position that once accounted for a huge share of the meme coin’s supply.
According to on-chain analyst Ember, the wallet originally acquired 1.03 quadrillion SHIB in 2020 for just 37.8 ETH, worth around $13,700 at the time (roughly 17.4% of Shiba Inu’s total supply). At SHIB’s 2021 peak, the enormous position was worth as much as $9.1 billion.
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The whale has been gradually reducing that position over the years. Ember estimates that it has now sold a cumulative 10.06 trillion SHIB, worth about $66.6 million at an average price of roughly $0.0000066 per token.
Despite the sale, the address still holds approximately 93.27 trillion SHIB. It is currently valued at around $478 million.
Meanwhile, SHIB is facing more bearish pressure. At press time, the token is trading at about $0.000005093. It has dipped by 1.47% at the time of the latest data.
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SHIB's 24-hour spot volume stood at $17.9 million in sharp contrast with $45.7 million in futures volume. Open interest was around $51.75 million.
There has been selling pressure in the near term, according to the data provided by the CoinGlass analytics platform. SHIB recorded net futures outflows of roughly $213,490 over the past hour, $383,540 over four hours and $476,760 over eight hours. Spot flows were also negative across those periods.
About $63,620 worth of SHIB positions were liquidated over the previous 24 hours, with longs accounting for roughly $49,250 compared with $14,370 in shorts.
Not an immediate bearish sign The whale's 600 billion SHIB transfer should not automatically be interpreted as an immediate market sale. A blockchain transfer can indicate a rather mundane movement between different wallets.
Nevertheless, the scale of the remaining position makes the wallet significant. At current prices, the roughly 93.27 trillion SHIB still held by the address account for more than 1.5% of SHIB's circulating supply.
SHIB is trading lower across the four-hour, 24-hour, and seven-day windows, while leveraged long positions are taking most of the liquidation hit.
It remains to be seen whether the latest transfer proves to be an isolated move.
Shiba Inu (SHIB), which experienced a remarkable bull run during the 2021 cryptocurrency market rally, became known for its extraordinary price surge shortly after its launch in August 2020. The coin, inspired by the Shiba Inu dog, soared by several million percent and reached an all-time high of $0.00008616 in October 2021. Many early backers, who invested modest amounts, reportedly made millions of dollars as SHIB rapidly gained mainstream popularity, particularly among new crypto investors drawn to its low entry barrier and narrative of quick wealth.
How much SHIB is needed for $1 million at its all-time high?Achieving millionaire status with SHIB would require holding approximately 11.61 billion tokens if the asset were to recover its previous all-time high price of $0.00008616 per coin. At current prices, this amount of SHIB is valued around $59,638. If SHIB were to rebound to its 2021 peak, this portfolio would appreciate by about 1,576% to reach $1 million.
MetricValueSHIB required for $1 million at ATH11,610,000,000 SHIBCurrent value of 11.61B SHIB$59,638Target price (ATH, Oct 2021)$0.00008616Required gain to reach $1 million1,576%SHIB price struggles and market outlookDespite its explosive history, SHIB has faced difficulties regaining momentum in recent years. The coin reached the $0.000032 mark in December 2024, but it has generally trended down since then. Even the recent all-time high posted by Bitcoin (BTC) in October failed to lift SHIB’s price, highlighting ongoing challenges for the memecoin.
Analysts have questioned whether Shiba Inu can revisit its all-time high, as current market trends show persistent sell pressure and a lack of extended rallies. SHIB’s advances often depend on market sentiment and viral interest, rather than sustained development or adoption.
The role of hype and major catalystsShiba Inu is formally classified as a memecoin, a category of cryptocurrencies that largely depends on social media trends and community engagement for price action. The substantial rally in 2021 was significantly influenced by Ethereum co-founder Vitalik Buterin. He received half of SHIB’s total supply and subsequently burned 90% of those tokens, effectively removing a large portion from circulation at a time when demand surged. This supply shock played a crucial role in driving SHIB’s price upward during that period.
Mini dictionary: Vitalik Buterin, co-founder of Ethereum, is a prominent figure in the blockchain industry whose actions can have notable effects on various cryptocurrencies, especially when tied to major events like large token burns.
Current conditions make it uncertain whether SHIB can reproduce its dramatic 2021 performance. The token’s future trajectory remains closely linked to speculative market sentiment and the emergence of new catalysts.
SHIB’s 2021 rally was fueled by Vitalik Buterin’s decision to burn 90% of the tokens he received, creating a significant supply reduction that drove demand and led to a substantial increase in price.
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.
According to the Shibburn website, 3.59 million SHIB were burned at the start of September, a month deemed 'poor' for risk assets in general. This represented a 49.90% drop in the daily burn rate.
The 3.59 million SHIB burned in the last 24 hours amounted to $18 in monetary value, representing a slow but steady destruction of Shiba Inu token supply.
In the last seven days, 51.02 million SHIB were burned, a 119% increase in weekly burn rate. This adds to a total of 417.02 million SHIB in the last 30 days.
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At the time of writing, Shiba Inu had seen 41.08% or 410,844,031,939,232 SHIB tokens out of its initial 1 quadrillion supply burned in 21,714 transactions.
The drop in daily SHIB burn coincides with a broad drop in prices in the market, with most crypto assets, including Shiba Inu, trading in the red. At the time of writing, SHIB was down 1.06% in the last 24 hours to $0.0000051 and down 3.51% weekly.
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A broad risk selloff has seen major cryptocurrencies fall over the last 24 hours, with $366 million in total market liquidations according to CoinGlass data. Longs accounted for the majority at $295 million while shorts came in at $71 million.
Rate expectations are putting pressure on the markets, including crypto. The macro backdrop presents significant headwinds, with Fed Chair Kevin Warsh's hawkish Jackson Hole speech last Friday, which highlighted elevated inflation contributing to a global bond sell-off. Traders on the CME FedWatch tool put the odds of a hike at the Federal Reserve's September meeting at 66%, up from about 40%.
Will Shiba Inu Override the September Jinx?Traders are watching as crypto enters what is commonly referred to as "Rektember." Since 2013, September has been Bitcoin's worst-performing month on average, producing a loss of around 3% and only producing five positive monthly returns.
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September has usually been a negative month for Shiba Inu, marking three out of four years in losses since 2022. September 2024 marked an exception, with Shiba Inu rising 26.97%.
A bull flag pattern hints at a little encouragement for the bulls, with short-term support and resistance now watched at $0.00000488 and $0.00000537.
A major Shiba Inu (SHIB) whale has transferred 600 billion SHIB tokens, valued at approximately $3.09 million, continuing a gradual reduction of a position that once represented a considerable portion of the meme coin’s total supply.
Whale’s Position and Market ImpactThe wallet, tracked by on-chain analyst Ember, accumulated a staggering 1.03 quadrillion SHIB in 2020 for 37.8 ETH, then worth about $13,700. This amount accounted for nearly 17.4% of Shiba Inu’s total supply at that time. At the peak of SHIB’s rally in 2021, the holding soared to a value of $9.1 billion.
Ember’s analysis revealed that over the years, the whale has sold a total of 10.06 trillion SHIB, netting around $66.6 million at an average price of $0.0000066 per token. Despite these extensive sales, the wallet retains about 93.27 trillion SHIB, translating to a current value of roughly $478 million.
This amount represents more than 1.5% of SHIB’s circulating supply, making the address highly influential in the market. While large transfers are often scrutinized for their potential to trigger sharp price movements, analysts caution that moving tokens between wallets does not necessarily signal imminent selling activity.
Despite major divestments, the address still controls approximately 93.27 trillion SHIB, which equates to over 1.5% of the coin’s circulating supply at current prices.
SHIB Price Action and Volume TrendsSHIB has been navigating increased selling pressure recently. The token is trading at about $0.000005093, reflecting a 1.47% dip in the most recent data. Over the past 24 hours, SHIB’s spot trading volume reached $17.9 million, significantly below the $45.7 million in futures volume. Open interest now stands at $51.75 million.
Data from CoinGlass indicates sustained negative flows. In the past hour, SHIB recorded net outflows in futures of $213,490, with four-hour and eight-hour outflows totaling $383,540 and $476,760 respectively. Spot trading also logged negative flows over the same timeframes.
Liquidations highlight the prevailing bearish sentiment. Over the previous 24 hours, about $63,620 in SHIB positions were liquidated. Long positions accounted for approximately $49,250, while shorts made up $14,370.
Industry Trends and Technology ShiftsThe broader cryptocurrency landscape is experiencing significant changes in how traditional and digital assets intersect. While investors routinely monitor technical patterns and high-volume transactions like the latest whale transfer, a new trend is accelerating: Wall Street is adopting Web3 platforms. Investors are increasingly using services such as 1stepSwap to hold shares of major U.S. companies, as well as gold and silver, directly in crypto wallets. Through the tokenization of Real-World Assets (RWAs) and automatic price matching, these platforms aim to eliminate middlemen entirely, reshaping access to both traditional and digital markets.
Although a blockchain transfer of 600 billion SHIB does not guarantee an immediate market impact, the size of the wallet’s remaining holdings continues to draw market attention. SHIB has recorded losses across multiple timeframes, with leveraged long positions experiencing the majority of recent liquidations.
Market observers remain watchful to determine whether the latest whale movement signals further sales or routine portfolio restructuring.
@Shibtoken launched in August 2020 with a fixed supply of one quadrillion $SHIB tokens on the Ethereum blockchain. From day one, the project's anonymous creator, known only as Ryoshi, sent half of that total supply, roughly 500 trillion tokens, directly to Ethereum co-founder @VitalikButerin, unsolicited. At the time, CoinDesk described the move as an apparent marketing stunt.
The donation and the burn Buterin did not simply ignore the windfall. In May 2021, he donated 50 trillion $SHIB to India's Crypto Relief COVID-19 fund. A few days later, on May 16, 2021, he sent 410,241,996,771,871 tokens, more than 410 trillion $SHIB, to a dead blockchain address, permanently removing them from circulation. The tokens were worth roughly $6.7 billion at the time of the burn.
In a note attached to the transaction, Buterin explained his reasoning plainly: he did not want to be a "locus of power of that kind." The move represented 90% of his total $SHIB holdings and, in a single transaction, wiped out more than 41% of the token's original one quadrillion supply.
A floor set by an outsider The scale of that event has never been matched by the project's own burn program. Community-led burns, which continue today, typically total a few million tokens per day, a figure that is negligible against a remaining circulating supply still measured in the hundreds of trillions. As one recent analysis noted, a single 24-hour period saw roughly 13.5 million $SHIB burned against a total supply of around 589 trillion tokens, amounting to less than 0.000003% of all tokens in a day.
The practical consequence is straightforward. $SHIB's supply floor was set not by its own team or community, but by one decision made by a person who never asked to hold the tokens in the first place. Every subsequent burn effort operates in the shadow of that single 2021 transaction.
Sources
CoinDesk: Vitalik Buterin Burns $6B in SHIB Tokens (May 2021)
CryptoNews: How Does SHIB's Massive Supply Make Its Burn Mechanism Feel Symbolic?
A Shiba Inu whale transferred 600 billion SHIB, worth about $3.09 million at current prices. The wallet originally acquired 1.03 quadrillion SHIB in 2020 for just 37.8 ETH, then worth around $13,700. The whale has sold an estimated 10.06 trillion SHIB, generating roughly $66.6 million over time. The address still holds about 93.27 trillion SHIB, valued at around $478 million and representing more than 1.5% of the circulating supply. SHIB traded near $0.000005093, while futures and spot flows showed continued short-term selling pressure. The transfer does not confirm an immediate sale, as the tokens could have moved between wallets or custody addresses. A Shiba Inu whale has moved another 600 billion SHIB, worth about $3.09 million at current prices. The transfer adds to years of activity from a wallet that once controlled a large part of the meme coin’s supply.
On-chain analyst Ember said the holder bought 1.03 quadrillion SHIB in 2020 for 37.8 ETH, then worth about $13,700. That amount represented roughly 17.4% of Shiba Inu’s total supply. At SHIB’s 2021 peak, the position reached an estimated value of $9.1 billion.
Shiba Inu Whale Continues Gradual Reduction The Shiba Inu whale has reduced the original position over several years. Ember estimates the wallet has sold about 10.06 trillion SHIB for roughly $66.6 million, at an average price near $0.0000066 per token.
Despite those sales, the address still holds around 93.27 trillion SHIB. The remaining tokens are worth about $478 million at current prices. That balance represents more than 1.5% of SHIB’s circulating supply, keeping the wallet closely watched by traders.
SHIB Faces Selling Pressure in Derivatives SHIB traded near $0.000005093 at the latest reading, down about 1.47%. The token also remained lower across the four-hour, 24-hour, and seven-day periods as selling pressure continued across both spot and derivatives markets.
CoinGlass data showed SHIB’s 24-hour spot volume at $17.9 million, compared with $45.7 million in futures volume. Open interest stood near $51.75 million. Futures recorded net outflows of about $213,490 in one hour, $383,540 over four hours, and $476,760 over eight hours.
Transfer Does Not Confirm Immediate Sale The 600 billion SHIB movement does not confirm that the whale sold the tokens. Blockchain transfers can reflect internal wallet changes, custody moves, or transfers between addresses without creating direct market selling.
Still, the size of the remaining balance keeps the Shiba Inu whale relevant to SHIB market activity. Any future transfer from the address could draw attention because the wallet continues to hold a large share of circulating supply.
Traders liquidated about $63,620 in SHIB positions over 24 hours. Long positions accounted for roughly $49,250, while shorts represented about $14,370.
Spot flows also stayed negative across the same short-term periods. Market data now leaves traders watching whether the latest transfer remains an isolated wallet movement or becomes part of another round of selling. For now, on-chain data only confirms the transfer, while the wallet’s next transaction may offer evidence of its strategy.
One of Shiba Inu's earliest and largest holders is still quietly drawing down a position that once made crypto history. The wallet has moved another 600 billion $SHIB, worth roughly $3.09 million, continuing a gradual exit that has been tracked closely by on-chain analysts.
A $13,700 Bet That Became a $9 Billion Position The backstory is remarkable. The holder sat on the position for years without making significant moves.
The scale of the original entry is what makes every subsequent transfer notable. Controlling 17.4% of that supply from a single wallet, bought for less than $14,000, remains one of the more striking trades in the history of meme coins.
Steady Exits, but a Mountain of $SHIB Remains Despite those sales, the position remains enormous.
Analysts caution against reading too much into any single transfer.
Sources:
U.Today: Shiba Inu Mega Whale Offloads Hundreds of Billions of SHIB Tokens
Coinotag: Shiba Inu Whale Wallet Moves 600 Billion Tokens Worth $3.09M
Blockonomi: Shiba Inu Whale Shifts $3M in SHIB as Selling Pressure Builds
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu long-time community member Mazrael highlighted the deployment of Safe v1.4.1 on the Shibarium network in a recent X post.
According to Mazrael, nine Safe contracts are now live and verified on Shibarium explorer Shibariumscan, while a corresponding pull request, 'safe-deployments PR#1666,' has been opened for the deployment registrations.
"Safe v1.4.1 (9 contracts) live + verified on Shibariumscan. Safe-deployments PR#1666 opened," Mazrael said in his X post, alongside a screenshot that outlined the nine contracts deployed and verified.
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Mazrael noted that Safe reviews canonical-deployment registrations on a two-week cadence with monthly releases.
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Safe is widely used as infrastructure for smart-account and multisignature wallet functionality. Its deployments can provide projects with established tooling for managing assets and executing transactions through multiple signers.
What's being added?According to a GitHub document, "Add Shibarium (chain 109) — Safe v1.4.1 canonical deployment," all nine Safe v1.4.1 contracts are now deployed on Shibarium mainnet at their canonical addresses via the Safe Singleton Factory (0x914d7Fec6aaC8cd542e72Bca78B30650d45643d7), and verified on the chain's block explorer.
Shibarium already has v1.3.0 registered through the eip155 deployment set, but PR #1666 adds v1.4.1 at the canonical addresses, which implies the 'SafeProxyFactory' is at the same address as on every other canonical chain, so Safes created on Shibarium share addresses with their counterparts on other networks. The existing v1.3.0 eip155 factory cannot provide that.
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In the context of deployed contracts, every address matches 'deployments.canonical.address' and each on-chain runtime 'keccak256(code)' matches the 'deployments.canonical.codeHash' published in the repository.
Shibarium not dead?As reported, Mazrael pushed back against claims that Shiba Inu layer-2 Shibarium is no longer functioning, saying the network remains operational. He noted that the Shibarium infrastructure is still being maintained and migrated, and the community is still operating around it.
In this light, Shibarium explorer Shibarium Scan is currently experiencing a reset with 50% of blocks indexed. As reported, Shibarium's explorer went behind Cloudflare on August 11, with an infrastructure migration following this outage.
Shiba Inu community member Mazrael announced the deployment of Safe v1.4.1 on the Shibarium network, highlighting a significant update for the project. This upgrade brings additional smart-account and multisignature wallet functionalities to Shiba Inu’s layer-2 blockchain.
Mazrael confirmed that nine Safe contracts are now deployed and verified on Shibariumscan, the dedicated explorer for Shibarium. A pull request named ‘safe-deployments PR#1666’ has also been submitted to register these deployments, providing further transparency and accessibility for developers and users.
He shared on X:
Safe v1.4.1 (9 contracts) live + verified on Shibariumscan. Safe-deployments PR#1666 opened.
Safe, formerly known as Gnosis Safe, is a widely adopted protocol for creating multisignature wallets and smart accounts. Its infrastructure allows multiple signers to manage and authorize blockchain transactions, which enhances both security and flexibility for projects and individuals.
Mazrael mentioned that Safe reviews canonical-deployment registrations in two-week intervals and releases updates monthly. This structured approach ensures that upgrades and new deployments are rolled out systematically.
Mini dictionary: Safe (formerly Gnosis Safe) is a smart contract wallet protocol enabling multisignature control of crypto assets, commonly used by DAOs and projects requiring secure multi-user authorization.
Upgrade details and contract verificationA related GitHub document noted that all nine Safe v1.4.1 contracts have been deployed on the Shibarium mainnet at canonical addresses via the Safe Singleton Factory (0x914d7Fec6aaC8cd542e72Bca78B30650d45643d7), and each contract’s code has been verified through Shibariumscan.
Previously, Shibarium had Safe v1.3.0 registered through the eip155 deployment set. With pull request #1666, version 1.4.1 is now added at canonical addresses, matching the addresses used on other blockchains and enabling Safes on Shibarium to share addresses with those on other networks. This cross-network consistency was not possible with the earlier eip155 factory setup.
VersionDeployment SetAddress Consistencyv1.3.0eip155No cross-network matchingv1.4.1canonicalStandardized across chainsFor all deployed contracts, addresses align with ‘deployments.canonical.address’ and their respective on-chain runtime code hashes match the ‘deployments.canonical.codeHash’ stored in the Safe repository, confirming their authenticity and correctness.
Status of the Shibarium network and explorerMazrael addressed speculation that Shiba Inu’s Shibarium network had ceased to function, stating that the layer-2 blockchain remains fully operational. He emphasized that the network infrastructure is under ongoing maintenance and migration, and Shibarium’s community continues to be active.
Currently, Shibariumscan is in the middle of a reset process with 50% of blocks indexed so far. This follows an outage on August 11, after which Shibariumscan transitioned to Cloudflare protection and began a broader infrastructure migration.
The Shibarium layer-2 network is still up and running, with infrastructure actively maintained and migrated, ensuring ongoing operations for its community.
After losing a significant amount of its late-August rally, Dogecoin is about to go through a crucial support test. At the moment, DOGE is trading at $0.0823, which puts the price right in the middle of a cluster of short-term technical support. The area between $0.080 and $0.082 is the most significant.
Dogecoin buyers stay on the sidelinesThe 100-day EMA around $0.0816 and the short-term moving average near $0.0806 both converge in this area. The most recent candles for DOGE show buyers trying to protect it after the price dropped from its most recent peak of $0.095. The August breakout structure would remain intact if this support were maintained.
DOGE/USDT Chart by TradingViewPrior to this, DOGE accelerated from about $0.070 and came very close to the 200-day EMA at about $0.0945. The strong rejection that the long-term moving average generated indicates that the overall trend has not yet entirely turned in favor of buyers. Momentum has significantly decreased.
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After going into overbought territory, the RSI has dropped to about 55. This eliminates a portion of the rally's speculative excess without causing DOGE to enter a bearish trend just yet. The first recovery targets are $0.086 and $0.090 if $0.080 holds, and then another attempt is made at $0.094–$0.095.
The medium-term structure would be significantly improved by a successful breakout above the 200-day EMA. Instead, losing $0.080 would reveal the 50-day EMA at $0.075, with $0.070 emerging as the subsequent significant support.
Hyperliquid stays strongTechnically speaking, Hyperliquid is still much stronger, with HYPE trading at about $84 following a strong breakout from the $58–$60 range. Instead of immediately retracing the rally, the asset has established a consolidation range close to its recent highs. The price has fluctuated between roughly $79 and $86 on several occasions, and buyers are still absorbing selling pressure around $80.
HYPE/USDT Chart by TradingViewAdditionally, HYPE continues to have a very large lead over its major moving averages. The 50-day and 100-day averages are roughly $63.7 and $62.5, respectively, while the short-term average has increased to roughly $72.8. The 200-day EMA is still much lower, at about $55.
The trend's strength is confirmed by that separation, but it also raises the possibility of a retracement. Since the August breakout, HYPE has increased by over 40%, extending the market in relation to its underlying averages. The RSI moved well into overbought territory before cooling to about 69.
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If HYPE keeps consolidating, momentum can normalize without necessitating a significant price correction, which is beneficial. The immediate barrier is still between $85 and $87. If this range were to be broken, $90 would be in play, and then the psychologically important $100 target. $80 is the first level to watch when conditions deteriorate.
A deeper retracement toward $75 and the short-term EMA around $73 could result from losing it. However, the dominant structure is still bullish as long as HYPE stays above this level.
Shiba Inu's stabilizationFollowing another volatile rejection, Shiba Inu is trying to stabilize above one of its most significant short-term technical zones. SHIB is currently trading at about $0.00000518, which places the token marginally above the $0.000005 level that has consistently dictated the recent price action's direction.
SHIB/USDT Chart by TradingViewThe positive development is that SHIB has recovered the 100-day EMA around $0.00000498 and the short-term moving average around $0.00000501. Additionally, the price is upholding the rising support structure that was established by the August lows.
A comparatively concentrated support area between roughly $0.0000049 and $0.0000050 is produced by these levels taken together. Holding it might enable SHIB to try again at $0.0000054–$0.0000055. But above that, the declining 200-day EMA currently sits at $0.0000057, where much stronger resistance emerges.
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Although buyers were unable to sustain the breakout, SHIB's prior surge momentarily surpassed this average and reached about $0.0000062. The primary flaw in the current configuration is still that rejection. SHIB continues to trade below its 200-day EMA despite the recent rebound, indicating that the broader trend has not yet shifted into a confirmed bullish structure.
Neutral momentum, as opposed to strong buying pressure, is also reflected in the RSI around 54. The recovery would be weakened by a break below $0.0000049, which could reopen $0.0000047, followed by the $0.0000044–$0.0000045 region.
Bitcoin's key stabilization thresholdAfter its extraordinarily strong breakout from the $63,000–$65,000 range, Bitcoin is still consolidating around $78,200. The biggest technical shift is that Bitcoin successfully crossed the 200-day EMA, which is now at about $72,300.
BTC/USDT Chart by TradingViewDespite a few days of consolidation, Bitcoin crossed this long-term resistance with significant volume and has stayed comfortably above it. Between roughly $77,000 and $81,000, the current battle is being fought.
Selling pressure has been applied to several attempts to push the rally past $80,000–$81,000, but sellers have also failed to generate a significant reversal. After the breakout, this places Bitcoin in a high-level consolidation.
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Momentum is still high. After entering overbought territory recently, the RSI is currently around 69. Cooling the RSI while the price remains around $78,000 would actually strengthen the setup by reducing momentum excess without destroying the bullish structure.
A strong move above $80,000–$81,000 could reopen the May peak at $82,000 and possibly set up another leg higher. In the short term, the downside structure is more significant.
The closest support is found between $76,500 and $77,000, but the main technical safety net is located between $72,000 and $73,000, where the 200-day EMA and rising short-term average converge. The recent breakout is structurally sound unless Bitcoin loses that area.
Dogecoin is facing a crucial support test after giving up much of its late August gains. Currently, DOGE is trading at $0.0823, positioning the token within a tight cluster of short-term support levels. Analysts are closely watching the $0.080 to $0.082 region, which has emerged as a key area for price stabilization.
Dogecoin: Key support at $0.080Technical indicators highlight that the 100-day exponential moving average (EMA) sits around $0.0816, while the short-term moving average is near $0.0806. These levels converge, suggesting increased buyer activity as the price attempts to recover from its recent high of $0.095. Maintaining this support would preserve the structure established by the August breakout.
Earlier, DOGE surged from approximately $0.070 and approached the 200-day EMA near $0.0945, but faced strong resistance and a subsequent pullback. Market momentum has slowed since then, reflecting a cautious buyer environment.
The relative strength index (RSI) has cooled to 55 after briefly signaling an overbought market. This reduction in momentum has avoided triggering a bearish trend. Should the $0.080 level hold, initial upside targets emerge at $0.086 and $0.090, potentially followed by another challenge of the $0.094 to $0.095 range.
Short-term support for DOGE now focuses on $0.080 to $0.082, with a decisive move above the 200-day EMA likely to reshape the mid-term outlook.
A sustained break above the 200-day EMA would indicate a stronger medium-term trend for DOGE, while dropping below $0.080 would expose the 50-day EMA near $0.075, and then $0.070 as the next major support.
Hyperliquid (HYPE): Strong uptrend continuesIn contrast, Hyperliquid’s HYPE token remains in a robust uptrend, currently trading around $84 after breaking out from its $58–$60 base. The token has established a sideways trading range between $79 and $86, with persistent buying interest every time prices dip toward $80.
The 50-day and 100-day moving averages are now at about $63.7 and $62.5, well below the current market price, while the short-term average has risen to $72.8. The 200-day EMA lags significantly, positioned at $55. Sustained separation from these averages indicates strong trend momentum, but also increases the probability of a retracement.
Since the August breakout, HYPE is up more than 40%, and the RSI—after reaching overbought levels—has cooled to 69. Ongoing consolidation permits momentum to normalize without the need for major price corrections.
If HYPE surpasses the $85 to $87 barrier, $90 and then the $100 psychological level come into view. On the downside, a dip below $80 could trigger moves to $75 and $73, though the primary trend remains bullish above those points.
HYPE’s technical structure remains positive as long as it trades above the $80 threshold, with breakouts above $87 watched as a potential catalyst for further advances.
Mini dictionary: Hyperliquid, HYPE — Hyperliquid is a decentralized exchange and liquidity protocol that issues HYPE as its native governance and utility token. The protocol enables permissionless trading and incentivizes liquidity providers within the DeFi ecosystem.
TokenCurrent Price50-day EMA100-day EMA200-day EMAHYPE$84$63.7$62.5$55DOGE$0.0823$0.075$0.0816$0.0945SHIB$0.00000518$0.00000498N/A$0.0000057BTC$78,200N/AN/A$72,300Shiba Inu: Holding short-term gainsShiba Inu is stabilizing after a volatile rejection at higher levels, with SHIB trading at $0.00000518. This places it just above the consistently defended $0.000005 support zone. Key technical levels include the 100-day EMA at $0.00000498 and a short-term average of $0.00000501, which together form a targeted support cluster between $0.0000049 and $0.0000050.
If this area holds, SHIB could see another upward move toward $0.0000054 and $0.0000055. However, serious resistance persists at the descending 200-day EMA near $0.0000057. The most recent rally briefly lifted SHIB above this level to $0.0000062, but buyers were unable to sustain the advance.
Despite a rebound, broad trend confirmation remains elusive, as SHIB continues to trade below the 200-day EMA. The RSI hovers around 54, reflecting neutral market momentum. Any loss of support at $0.0000049 risks further declines toward $0.0000047 and the $0.0000044–$0.0000045 zone.
Bitcoin: Above 200-day EMA, eyeing $82,000Bitcoin is consolidating near $78,200 after an explosive breakout from the $63,000–$65,000 range. For the first time since earlier this year, BTC has held firmly above its 200-day EMA, now standing at $72,300.
This break has been supported by significant trading volume and ongoing consolidation between $77,000 and $81,000. Efforts to drive the price above that upper range have met with resistance, but sellers have not managed to reverse the trend meaningfully. As a result, BTC is maintaining a high-level range.
Momentum remains elevated, with the RSI cooling to 69 after surpassing overbought territory. Maintaining this level without a major correction could further strengthen the medium-term outlook by alleviating excessive momentum.
A clear move above $80,000 to $81,000 would open the path to the May peak at $82,000 and potentially set the stage for the next upside phase. On the other hand, support is initially identified in the $76,500 to $77,000 band, while the primary technical foundation sits at $72,000 to $73,000, where both the 200-day EMA and a rising short-term average converge.
As long as Bitcoin stays above this critical support area, the structural integrity of the recent breakout remains intact.
Mastercard makes surprise XRP Ledger moveMastercard has joined an upcoming XRP Ledger hackathon in New York as a sponsor.
The New York-headquartered firm will participate in the 36-hour XRP Ledger Hackathon that is scheduled for Oct. 24–25. The event will bring developers to New York to build and launch projects on the XRP Ledger ahead of Swell. The much-awaited Ripple conference will take place the following week.
The hackathon includes four tracks focused on protocol innovation, agentic finance, lending and borrowing. Teams with existing projects have also been encouraged to add XRPL functionality.
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Mastercard's relationship with Ripple has gradually expanded over the past year. In November 2024, Ripple announced a collaboration with Mastercard, WebBank and Gemini that revolves around Ripple's RLUSD stablecoin. The partnership came after Gemini launched an XRP edition of its Mastercard credit card last August.
Legendary trader Brandt buys BitcoinBitcoin jumps to $72,335 as a rare chart pattern forces Peter Brandt to ditch his bearish bias.
Legendary futures trader and head of Factor LLC Peter Brandt has opened a long position in Bitcoin, completely reversing his previous market outlook. The change in his trading strategy was prompted by a decisive technical breakout from a rare chart pattern that pulled the cryptocurrency out of a prolonged downtrend.
Recently, falling prices had dominated the market, and Brandt openly admitted that "there was a reason to have expected a downside move in Bitcoin."
Because of the prolonged formation of the right shoulder, the trader believed that the chart pattern "has a 60/40 chance to be resolved to the downside," especially considering that the broader "trend was down."
As a result, on the daily chart of CME Bitcoin futures (BTC-056 contract), the price broke above the key neckline of the inverted head-and-shoulders reversal pattern. The completion of this pattern, which has been rare in the current market cycle, triggered a strong price acceleration.
During today's trading session, the futures contract reached approximately $72,335, posting a net daily gain of $2,585.
Protest takes place outside Ripple co-founder's homeA group of protesters gathered outside Ripple co-founder Chris Larsen's San Francisco home on Friday as part of a nationwide campaign against automated license plate readers.
A group of protesters recently gathered outside the San Francisco home of Ripple co-founder Chris Larsen, according to a local media report. This was part of a nationwide campaign against automated license plate readers and the use of surveillance technology by law enforcement.
The demonstration, held Friday, was organized by members of the Sunrise Movement, a youth climate group. Protesters criticized Larsen over his financial support for San Francisco's expansion of police surveillance infrastructure.
Demonstrators handed out brightly colored flyers warning residents about Flock cameras and displayed a mock surveillance camera with a message directed at Larsen: "Does this make you feel safer, Chris?"
Luc Bouchard, an organizer with Sunrise Movement Bay Area, said activists believe automated license plate readers have not been shown to significantly reduce crime. He argued that San Francisco would get better public-safety results by investing in housing instead of expanding surveillance.
BlackRock records $1 billion Ethereum inflowBlackRock’s ETHA has recorded more than $1 billion in net inflows over nine straight trading sessions, leading U.S. spot Ethereum ETFs.
BlackRock’s iShares Ethereum Trust ETF (ETHA) has attracted approximately $1.02 billion in net inflows over nine consecutive U.S. trading sessions between August 17 and August 27, according to SoSoValue data.
The fund recorded positive flows on every trading day during the period, avoiding the outflows that have periodically affected other products in the U.S. spot Ethereum ETF market.
Arkham Intelligence highlighted the streak after ETHA accumulated $889.8 million during its first eight sessions. That figure matched data compiled by Farside, providing another indication of the scale of demand flowing into BlackRock’s Ethereum product.
ETHA accounted for approximately 72% of total net inflows into U.S. spot Ethereum ETFs during the nine-session period. Across the broader group of funds, investors added roughly $1.42 billion.
The buying continued on August 28, when U.S. spot Ethereum ETFs collectively recorded another $102.1 million in net inflows. ETHA again led the group, attracting approximately $83.8 million.
SHIB's Japanese status gets boost with Nomura-backed exchange listingThe recent development could further boost Shiba Inu's visibility in Japan.
In a recent post, Shiba Inu community member Kuro highlights a development in Japan that could boost Shiba Inu's status in the country.
According to Kuro, a new registration of a Japanese crypto asset exchange operator has occurred for the first time in four years.
Laser Digital Japan, the Japanese entity of Nomura's digital assets subsidiary, Laser Digital, announced Friday that it has completed its registration and is now authorized to operate as a crypto asset exchange service provider under Japan's Payment Services Act.
Laser Digital's registration marks the newest entry into Japan's crypto asset industry since 2022, following a four-year hiatus in new approvals. Within these four years, Japan has introduced major regulatory reforms, including around stablecoins, and institutional investors have increasingly come to view digital assets as an important diversification tool.
Mastercard has taken a prominent step in the crypto space by joining an upcoming XRP Ledger hackathon in New York as a sponsor. The global payments leader is set to participate in the 36-hour developer event scheduled for October 24 and 25, bringing together teams aiming to build and launch projects on the XRP Ledger prior to Ripple‘s Swell conference, which will follow in the next week.
Mastercard deepens XRPL involvementThe hackathon will focus on four primary tracks: protocol innovation, agentic finance, lending, and borrowing. Organizers have also called on existing developer teams to consider integrating XRPL features into their current projects.
Mastercard’s engagement with Ripple has been gradually expanding over the past year. In November 2024, Ripple announced a partnership with Mastercard, WebBank, and Gemini, revolving around Ripple’s RLUSD stablecoin. This collaboration followed the launch of a special XRP-compatible Mastercard credit card by Gemini in August of last year.
As investors react to rapid shifts driven by central bank decisions or sudden altcoin listings, the need for more efficient tools has become a focal point in the community. Rather than managing charts, news, and portfolios across multiple platforms, traders are now turning to privacy-first solutions like CryptoAppsy. The platform allows users to view real-time charts, access smart price alerts and coin-specific news, and track macroeconomic data—all on a single screen, without requiring account registration.
Peter Brandt shifts Bitcoin outlookIn the latest market developments, Bitcoin surged to $72,335, prompting notable trader Peter Brandt to abandon his bearish outlook and open a long position. Brandt, who leads Factor LLC, credited a decisive breakout from an infrequent inverted head-and-shoulders chart pattern as the cause for his shift in strategy, ending what had been an extended period of declines for the top cryptocurrency.
Brandt had previously expressed concerns about Bitcoin’s trajectory, suggesting there was a significant chance for a further drop, particularly as the broader trend pointed downward. However, once the CME Bitcoin futures (BTC-056 contract) price broke decisively above the crucial neckline of the pattern, the outlook reversed, resulting in a daily gain of $2,585 and driving the asset sharply higher.
Due to the prolonged formation of the right shoulder, Brandt had assessed a 60/40 probability favoring a downside resolution, especially since the broader trend had been bearish, but the technical breakout changed that dynamic.
Protest at Ripple co-founder’s homeIn San Francisco, a group of Sunrise Movement activists gathered outside the home of Chris Larsen, Ripple’s co-founder, as part of a nationwide protest targeting the use of automated license plate readers and law enforcement surveillance technology.
The demonstration, which took place on Friday, was aimed at criticizing Larsen for backing the city’s expansion of police surveillance systems. Protesters distributed flyers on the risks posed by Flock cameras and carried a mock surveillance camera to highlight their concerns, with a message asking if this approach makes residents feel safer.
Luc Bouchard, a local Sunrise Movement organizer, stated that the group doubts automated license plate readers are effective in curbing crime and argued that resources would be better invested in affordable housing.
BlackRock leads US Ethereum ETF inflowsBlackRock’s iShares Ethereum Trust ETF (ETHA) has posted more than $1.02 billion in net inflows over nine straight US trading sessions from August 17 to August 27, according to data from SoSoValue and reports compiled by Farside.
During this period, ETHA captured roughly 72% of the total net inflows into spot Ethereum ETFs in the US market. The broader group of funds attracted around $1.42 billion in the same span, while ETHA consistently avoided outflows.
On August 28, the US spot Ethereum ETF market saw an additional $102.1 million in net inflows. ETHA remained at the forefront, taking in approximately $83.8 million that day as demand for BlackRock’s offering continued to outpace its competitors.
ETHA accumulated $889.8 million in its first eight trading sessions, underscoring strong investor demand for exposure to Ethereum via BlackRock’s ETF product.
Shiba Inu gains exposure in Japan with new exchange listingJapan’s Shiba Inu community is gaining momentum after the country’s first new registration of a crypto asset exchange operator since 2022. Laser Digital Japan, the local unit of Nomura’s digital assets division, confirmed it has secured registration and can now operate as a crypto asset exchange service provider under the Payment Services Act.
This milestone follows four years without new entrants to Japan’s crypto asset industry, a period in which the country has implemented sweeping regulatory reforms, especially regarding stablecoins. Institutional sentiment has turned more positive as digital assets are increasingly seen as diversification tools, with Shiba Inu set to benefit from the growing presence of exchanges like Laser Digital Japan.
Shiba Inu might be on track to losing the major $0.000005 price level after its demand appears to have slowed and exchange activities suggest that selling pressure might be mounting.
According to recent data showcased by crypto analytics platform CryptoQuant, Shiba Inu exchange activity is no longer flashing a bullish signal as its netflow has flipped to the other side of the market.
Shiba Inu traders are sellingThe data suggests that Shiba Inu traders are beginning to sell off their assets to hedge against potential losses after the recent price breakout helped them recover.
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Per the data, the Shiba Inu exchange netflow has dipped modestly as it currently sits at around 145,906,600,000 SHIB as of Saturday, August 29.
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While this provides a bearish signal for the broader Shiba Inu ecosystem, it shows that the amount of tokens moved to exchanges for selling purposes is greater than the amount of tokens moved out of exchanges in demand by over 145 billion tokens.
This implies that momentum is fading, and traders are no longer willing to hold or accumulate more tokens amid speculation of a bearish month ahead.
Shiba Inu dips 4%While the Shiba Inu ecosystem is beginning to face bearish momentum, the asset has also continued to show mixed price action over the last few days.
Notably, Shiba Inu has suddenly flipped into the red, risking a retest below the major $0.000005 level as it continues to show daily price declines of about 3% in recent days.
