Shiba Inu is closing in on a return to the top 30 cryptocurrencies after investors withdrew billions of SHIB tokens from centralized exchanges. It has been more than two weeks since Shiba Inu dropped out of the top 30 amid prolonged weakness across the broader crypto market.
Popular meme-coin collateral platform Purinta has confirmed it will soon launch a dedicated Shiba Inu market. Once the feature goes live, users will be able to use their Shiba Inu holdings as collateral to borrow funds without selling their tokens.
Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023. According to analysts, Shiba Inu's recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.
Several catalysts, including Shibarium and burns, that were once expected to drive Shiba Inu higher have failed to generate meaningful price momentum. Despite years of ecosystem development and community initiatives, Shiba Inu continues to trade near a multi-year low of around $0.0000042.
Shiba Inu's burn rate surged over the past 24 hours after community members permanently removed more than 13 million SHIB tokens from circulation. According to Shibburn data, a total of 13.2 million Shiba Inu were burned in the past day, permanently reducing the token's circulating supply.
Japanese financial giant SBI Holdings has gained exposure to a substantial Shiba Inu holding following its acquisition of Singapore-based cryptocurrency exchange Coinhako. The acquisition, carried out through SBI's subsidiary, SBI Ventures Asset, received final approval from the Monetary Authority of Singapore (MAS), allowing the transaction to close.
Shiba Inu has come under renewed selling pressure after billions of SHIB tokens moved to cryptocurrency exchanges over the past 24 hours. According to data from CryptoQuant, investors transferred 352.53 billion Shiba Inu to exchanges during the period, while only 317.44 billion SHIB left trading platforms.
Shiba Inu has missed out on what could have been its first appearance in a U.S.-listed spot crypto exchange-traded fund (ETF). This comes after T.
The U.S. government has transferred nearly $250,000 worth of Shiba Inu tokens seized from the collapsed cryptocurrency exchange FTX.
Shiba Inu whales are buying every dip, even as the token keeps falling, with a fresh 174 billion SHIB withdrawn from exchanges in the past 24 hours. The Shiba Inu (SHIB) price trend remains uncertain.
Trading activity on Shibarium-based decentralized exchanges (DEXs) is showing signs of recovery after daily volume surged by more than 1,500% within 24 hours. According to data from DeFiLlama, Shibarium's DEX trading volume jumped 1,517%, rising from just $17 on July 9 to $275 on July 10.
Shiba Inu investors are questioning the project's direction after the Shibtoken X account shifted its attention from SHIB to promoting other meme coins. The broader cryptocurrency market has weighed heavily on Shiba Inu in recent weeks, pushing the token toward the bottom of the top 30 cryptocurrencies by market cap.
Shiba Inu is showing early bullish divergence signals as its price challenges a descending trendline, sparking optimism over a rebound. Shiba Inu (SHIB) is beginning to attract attention as two early signs show a bullish development could be on the horizon.
Shiba Inu has recorded an unusual on-chain anomaly after its daily transaction count plunged by 95% within 24 hours. According to data from CryptoQuant, Shiba Inu’s daily transaction count soared to 78,558 on July 6—its highest level since October—before tumbling to 3,922 the following day.
A prominent Shiba Inu community figure has issued an important security warning to SHIB supporters, especially proponents of the ecosystem's metaverse project. In a recent update, community veteran Mazrael revealed that the domain previously associated with Shib: The Metaverse (ShibTheMetaverse.io) has expired and is no longer owned or managed by the Shib wizards.
The broader Shiba Inu community has gone a full month without an active voice from the core team after Lucie, the ecosystem's pseudonymous marketing lead and most active representative, disappeared from X. For years, Lucie served as the primary bridge of communication between the Shiba Inu team and its community.
Shiba Inu has formed a death cross on lower timeframes, but whales are aggressively buying the dip, offering fresh optimism for the price. A death cross often happens when a long-term moving average moves above a short-term moving average.
Shiba Inu’s burn activity has regained momentum, surging by more than 55% over the past seven days. According to data from Shibburn, the Shiba Inu community burned 39.32 million SHIB during the week, driving the weekly burn rate up 55.77%.
Shiba Inu continues to follow a well-defined downtrend pattern, with the latest price action reinforcing the broader bearish structure. The Shiba Inu (SHIB) chart shows sellers maintaining control through a series of lower highs, while each recovery attempt has not been sustainable.
Shiba Inu surpasses 1.6 million holders but drops out of the top 30 cryptos as price slips; on-chain data and technical signals still show bullish momentum. Shiba Inu initially entered July on a bullish note, recovering part of its recent losses and briefly reclaiming a spot among the world's top 30 cryptocurrencies by market cap.
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