After a relatively quiet week for altcoins, XRP, Dogecoin, and Shiba Inu received a fresh wave of attention thanks to a major update from Gemini. The US-based crypto exchange announced that it is now officially allowing these three tokens, as well as Bitcoin Cash and Solana, as cross-collateral assets for its derivatives platform. Major Boost For XRP, Dogecoin, And Shiba Inu Gemini’s decision allows XRP, DOGE, and SHIB holders to use their tokens as collateral for GUSD-settled perpetual contracts, a feature that was previously limited to BTC, ETH, USDT, and Gemini stablecoin GUSD. All five newly supported tokens come with varying collateral “haircuts,” meaning only a portion of their value is counted toward margin requirements. XRP and Solana each have a 15% haircut, while Dogecoin and Shiba Inu face a more severe 30% haircut due to their higher volatility profiles. Related Reading: XRP Price Set To Teleport As Major Financial Players Tap In — Opportunity Window Closing Fast Gemini has made it easier for users to trade derivatives using a broader range of holdings by bringing these newer assets into the fold. This move not only deepens the utility of these cryptocurrencies but also opens up new use cases for traders who want to leverage their holdings in perpetual contracts without converting to stablecoins. It’s a particularly meaningful step for XRP, which has been working to strengthen its institutional appeal and global payments utility. The move is also beneficial for meme coins Dogecoin and Shiba Inu, which are seeing increasing demand outside of the meme coin niche. This expansion also shows a larger trend in crypto derivatives. Many crypto exchanges, especially those in the US, are increasingly opening their doors to altcoins. It is also a drastic turnaround from the state of the crypto market some years back. For nearly three years, XRP was delisted or unavailable on most US-based trading platforms due to the legal battle between Ripple and the US Securities and Exchange Commission. It wasn’t until July 2023, following Judge Analisa Torres’s partial ruling that XRP was not a security when sold on exchanges, that the token began to make its return to major US platforms, including Gemini. Price Action Trending Downwards At the time of writing, XRP is trading around $3.13, a 1.4% decline from the previous day but still holding within its recent range between $3.06 and $3.18. Dogecoin is trading at $0.2226, with modest intraday movement after failing to sustain its push above $0.23. The king of meme coins is down by 3.2% and 14.2% in the past 24 hours and seven days, respectively. Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge Shiba Inu, meanwhile, is trading at $0.000013, also down by about 4% in the past 24 hours and over 13% in the past seven days. Nonetheless, many analysts still maintain a bullish long-term outlook for these cryptocurrencies. Forecast models project that Dogecoin could climb to $1 in the current bull cycle, while SHIB is expected to reach at least $0.000045. XRP’s trajectory is even more ambitious among many crypto analysts, with price targets ranging from $9 to $10 if adoption momentum continues and pending US Spot ETF applications finally receive approval from the SEC. Featured image from iStock, chart from Tradingview.com
The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays.
The Shiba Inu price is back in the spotlight after a massive Coinbase transfer of 5 trillion SHIB shakes the broader market and sparks speculation across the crypto community. With uncertainty surrounding the intent of the large-scale SHIB transfer, the transaction has drawn significant attention and comments from crypto watchers, especially as it comes on the heels of a recent crash in the meme coin’s price. Related Reading: The US Is A Bitcoin Whale—Arkham Clarifies BTC Holdings After Brief Panic Whale Moves Fuel Shiba Inu Price Speculation A new report from Whale Alert on X social media has confirmed a jaw-dropping transfer of 5 trillion SHIB, worth approximately $69.98 million from crypto exchange Coinbase to an unknown wallet. The move has reignited market discussions, closely following a significant crash in the meme coin’s price that erased weeks of gains. CoinMarketCap’s data shows that Shiba Inu is now trading at $0.000014, down by more than 7% in just a few days. Notably, the 5 trillion SHIB transfer by the anonymous whale has raised eyebrows across the crypto community, with many expressing their astonishment over the sheer size of the transaction and others viewing it as a calculated move. The timing and size of the transfer have also led some to interpret it as a bearish signal, potentially indicating an upcoming sell-off, which could lead to further declines in the meme coin’s price. Others assert that the tokens have been deliberately taken off the active trading market and put into a vault, hinting at a strategic supply reduction. If conditions remain optimal, this could set the stage for a possible liquidity squeeze. In addition, as demand returns to the market, the crypto member states that Shiba Inu could face a thin wall of available supply, potentially triggering a price rebound. What’s more, the lack of clear information regarding the receiving wallet has only added to the speculation, with a community member suggesting that the entity, the 5,000,000,000,000 SHIB transfer, may have been driven by insider knowledge. Typically, whale moves of this magnitude tend to influence market sentiment, potentially triggering sharp price reactions and raising questions about possible coordinated activity. Market Eyes Possible Price Revival Beyond the initial shock of the 5 trillion SHIB transfer and its potential implications on price action and whale activity, many in the crypto space are beginning to draw connections to a broader bullish trend or possible price resurgence. Some crypto members believe that the reemergence of high-value whale entities could be a potential precursor of big price moves. Related Reading: Crypto’s Golden Rule Just Got Broken, According To Analyst Others suggest that this move could trigger the start of a meme coin season, where speculative assets like Shiba Inu or Dogecoin experience renewed investor interest and dramatic price surges. Historically, large and sudden whale movements often precede market-wide interest and price rallies in meme tokens, particularly when those moves significantly shrink supply and hint at potential future accumulation. Featured image from Pexels, chart from TradingView
Despite falling below the 200-day SMA, SHIB remained above the Ichimoku cloud, indicating a potentially bullish long-term trend.
Crypto analyst Maddox has provided a bullish outlook for Shiba Inu, predicting an explosive rally. His prediction comes as SHIB surpasses Litecoin to climb into the 18th spot on the list of largest cryptocurrencies by market capitalization. Shiba Inu Eyes Explosive 126% Rally In a TradingView post, Maddox predicted that Shiba Inu could record a 126% rally to $0.0003579 from its current price level. The analyst noted that SHIB has printed confirmed weekly bullish divergence in the Relative Strength Index (RSI). The top meme coin is now attempting to overcome the weekly 200EMA resistance. Related Reading: Shiba Inu Breakout Programmed: Diamond Hands Are Up 783%, SHIB Burn Rate Explodes 1,784% The analyst further revealed that a High Volume Node lies just above, and a close above this level will signal a bullish trend. Based on this bullish trend, Shiba Inu could move to the initial target of the weekly pivot at $0.00001774 before it then moves to the $0.0000579 High Volume Node. Meanwhile, Maddox noted that the Shiba Inu price has completed its retracement to the ‘alt-coin’ golden pocket 0.786 Fibonacci retracement. He added that a bearish divergence is currently growing on the weekly RSI but that this will be diverted with a thrust high. The analyst is confident in SHIB’s potential, suggesting that this is a MEME season. He noted that the Dogecoin price looks ready to go. As such, Shiba Inu is also expected to follow suit, given the correlation between these meme coins, which are the largest ones by market cap. DOGE is up over 38% in the last seven days. Shiba Inu has followed and is up over 16% during this period. Thanks to the current uptrend, SHIB has surpassed LTC to become the 18th largest crypto by market cap. The meme coin currently boasts a market cap of $8.89 billion. SHIB Ready To Run To The $0.000032 Levels Crypto analyst Javon Marks had earlier shared a similar prediction to Maddox’s. In an X post, he declared that in the nearer term and by confirmed data, the $0.000032s are levels to come for Shiba Inu in response to a bullish divergence. He added that this 135% move could only be the start of a larger bullish reversal for the foremost meme coin. Related Reading: Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence Crypto analyst Friedrich suggested that Shiba Inu could reach its all-time high (ATH) as part of this larger bullish reversal. In an X post, the analyst declared that SHIB is about to blast. He added that with Ethereum ripping, the meme coin will go for a retest of its ATH of $0.00008845 for sure. His accompanying chart showed that SHIB could at least reach $0.00008032. At the time of writing, the Shiba Inu price is trading at around $0.0000151, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images chart from Tradingview.com
The Pudgy Penguins project has had a massive rally over the past week, stealing the spotlight in both the non-fungible token (NFT) and memecoin sectors. Amid its recent performance, some analysts suggest that the token is preparing for a 140% run to new highs. Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge Pudgy Penguins Catch NFT And Memecoin Rally On Monday, Pudgy Penguins (PENGU) became one of the leading memecoins after surging nearly 20% in the past 24 hours. The Solana-based token saw its price climb from the $0.031 mark to a six-month high of $0.040 before retracing to the $0.036 area. Pudgy Penguins is one of the largest NFT collections, with a market capitalization of 143,897 ETH. It consists of 8,888 unique cartoons of cute penguins and sits behind CryptoPunks as the second-largest NFT collection. In December, the Pudgy Penguins project launched its official token, PENGU, on the Solana Blockchain, gathering massive attention during the Q4 2024 rally. The memecoin flipped tokens like dogwifhat (WIF) and BONK, momentarily becoming the largest Solana memecoin by market cap and the fourth-largest memecoin by this metric, just behind Dogecoin, Shiba Inu, and PEPE. During the recent crypto market performance, PENGU has significantly recovered from its April all-time low (ATL) of $0.003, which represented a 95% decline from its December all-time high (ATH) of $0.068. Over the past week, the token has reclaimed crucial levels after breaking out of its multi-month downtrend and rallied around 30%, surpassing the daily and weekly performances of SHIB and PEPE. Pudgy Penguins NFT collection also soared in the past 24 hours, with a 290% increase in trading volume, driven by the recent interest in the sector. The collection’s 16% daily surge saw its floor price rise to 16.19 ETH, or $60,242, by Monday afternoon. Notably, the NFT market cap reached its highest level since January after jumping 17% on Sunday from $5.1 billion to $6 billion, according to CoinGecko data. A recent report noted that NFT sales increased by 78% in Q2, while the number of traders increased 20% from Q1, suggesting renewed interest in the sector. PENGU Eyes 140% Surge Crypto analyst Sjuul from AltCryptoGems noted that the Solana memecoin has been showing positive signs of strength since late June, when it broke out of a textbook multi-month Cup and Handle pattern. Since then, the token has smashed past the pattern’s neckline, around the $0.018 mark, and reclaimed the $0.020 resistance as support, which propelled its 30% surge in the weekly timeframe to its $0.035-$0.040 levels. Ahead of the Monday surge, Ali Martinez highlighted that PENGU was “ready for another leg up” as it had been accumulating within a symmetrical triangle formation over the past week. Based on this pattern, the cryptocurrency could see a 140% surge toward the $0.075 barrier if it continues to hold above the $0.031-$0.033 breakout area and confirms these levels as support in the coming days. Meanwhile, two market watchers have shared optimistic targets for the cryptocurrency this cycle. Byzantine General affirmed that PENGU could go to a market capitalization of $10 billion. “If you consider that it’s the memecoin with the most mainstream adoption, with maybe the exception of DOGE, it’s not that crazy at all actually,” he detailed. Similarly, Crypto Kaleo considers that “$0.8888 is a decent target, but it’s still FUD.” Related Reading: Dogecoin Rally On Thin Ice: Analyst Predicts Sudden Shakeout To the analyst, “PENGU to $4.20 would put it at a $373B mcap. This is a much better upside target.” He explained his bold prediction, arguing that “Last bull market, SHIB hit 50% of DOGE’s peak. There’s room to have other high-quality memes do something similar this cycle.” As of this writing, PENGU trades at $0.036, a 19% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Shiba Inu’s exchange reserves have hit a new low, the lowest level since 2023, providing a bullish outlook for the top meme coin. Based on this development, SHIB looks well primed for a parabolic rally, which could happen soon. Shiba Inu’s Exchange Reserves Hit Lowest Level Since 2023 CryptoQuant data shows that Shiba Inu’s exchange reserves have dropped to their lowest level since January 2023. This metric refers to the amount of SHIB that is held in wallets linked to crypto exchanges. As such, the drop in these reserves indicates that there has been a massive accumulation by whales who have been moving coins to cold storage for long-term holding. Related Reading: Shiba Inu Breakout Programmed: Diamond Hands Are Up 783%, SHIB Burn Rate Explodes 1,784% This development is significant as a price surge could follow, with Shiba Inu rallying to new highs. In 2023, as the exchange reserves began to decline, SHIB witnessed a God candle, which sent its price above the psychological $0.00003 level. The meme coin surged from a low of around $0.000007 back then. IntoTheBlock data also shows that Shiba Inu whales are back to accumulating SHIB, which could spark this rally as demand outweighs supply. Over the last week, SHIB’s largest transactions have been steadily climbing from the lows recorded in June when the meme coin fell to the support level at $0.000010. It is also worth noting that Shiba Inu’s correlation with Bitcoin is 0.92, indicating a strong positive correlation between the two assets. As such, the meme coin could also skyrocket as the leading crypto targets new all-time highs (ATHs). BTC is looking to reclaim the $120,000 psychological level, a development which could help SHIB maintain its momentum as it rallies towards $0.000020. Another Rally To $0.000030 In Sight For SHIB In an X post, crypto analyst Javon Marks confirmed that Shiba Inu is eyeing another rally to $0.000030. He stated that in the short term and based on confirmed data, SHIB is expected to reach the $0.000032 level in response to a bullish divergence. The analyst noted that this move itself is over 135% and could only be the start of a larger bullish reversal. Related Reading: Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence The analyst had earlier revealed that Shiba Inu had confirmed a clear bullish divergence on its Moving Average Convergence Divergence (MACD). Marks further remarked that this development points to a nearly 180% upside, which would send the meme coin back to around $0.000032. Meanwhile, crypto analyst Investing Haven also confirmed that the targets of $0.000044 to $0.000066 remain valid for the top meme coin. At the time of writing, the Shiba Inu price is trading at around $0.00001439, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
SHIB has outperformed bitcoin this month with a 20% increase compared to bitcoin's 13% gain.
Shiba Inu (SHIB) might be on the verge of a powerful rally, according to crypto analyst MasterAnanda, who believes the popular meme coin could climb more than 1,500% in this cycle. The analyst predicts SHIB may cancel another zero and reach a new all-time high if a few key levels are cleared. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape Signs Of A Possible Reversal SHIB has been stuck in a downtrend since March 2024. It peaked at $0.000045 before sliding back to close that month at $0.000030. Since then, the coin has moved within a descending triangle pattern, bouncing around the base while facing strong bearish pressure. However, something may be changing. SHIB has just printed a fully green weekly candle and gained 15% over the past seven days. According to analysts, this is one of the most bullish weekly moves since early May, when the token jumped 25%. Despite the optimism, SHIB remains below its 200-day moving average, which sits at $0.000016. That’s around 19% higher than its current price of $0.000013. Analysts see this as a critical level the token must beat to confirm a long-term bullish trend. Bullish Price Targets Appear On The Chart MasterAnanda believes SHIB will break above the triangle and make a run toward $0.000032, aligning with the 0.50 Fibonacci retracement level. If that plays out, the analyst sees a further move to $0.000067, then to $0.00010, which would represent a new all-time high. From there, two more possible targets have emerged using Fibonacci extensions: $0.00017 and $0.00022. Those would mark gains of 1,180% and 1,529%, respectively. While ambitious, other analysts have also supported a similar price path based on the same descending triangle breakout. Shiba Inu Sentiment Mixed As Greed Index Climbs Although bullish targets are grabbing headlines, market sentiment is still uncertain. Based on recent data, SHIB recorded green days on just 13 out of the last 30, and showed 4.25% price volatility. The current reading for sentiment is “Neutral” and the Fear & Greed Index stands at 69, which is in the “Greed” category. Price prediction tools indicate that SHIB could increase 27% to August 10, 2025, at about $0.000017. That will bring it nearer to its MA-200, but still far from the lofty targets being predicted by some analysts. Related Reading: Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason SHIB holders are now waiting to see what’s next. Will the triangle breakout occur in a hurry, or will resistance levels hold the token below major technicals? The coming weeks may provide the answers. Featured image from Meta, chart from TradingView
Shiba Inu's price has rallied 18% this month, marking its best performance since November, driven by increased risk-taking in the crypto market.
Institutional trading drove significant SHIB price gains, with strong resistance at around $0.00001250, CoinDesk's AI research noted.
Open interest in SHIB futures has risen, indicating growing investor interest despite potential challenges from large token holders.
Crypto analyst Javon Marks has provided a bullish outlook for the Shiba Inu price, predicting a potential rally of 180%. The analyst alluded to an indicator that suggests that SHIB can record this explosive rally, reclaiming the psychological $0.00002 level in the process. Shiba Inu Price Eyes 180% Rally As MACD Forms Bullish Divergence In an X post, Javon Marks stated that the Shiba Inu price has formed a clear Bullish Divergence with its Moving Average Convergence Divergence (MACD). He further remarked that this points to a nearly 180% upside for SHIB to rally to $0.000032. Marks added that this may only be the start of a much larger positive reversal for the meme coin. Related Reading: 65% Of Shiba Inu Holders Suffer Massive Losses As Curse Of June Takes Hold His accompanying chart showed that the Shiba Inu price could hit this target between now and year-end. This provides a bullish outlook for the meme coin, which has greatly underperformed this year. SHIB has recorded a 45% loss year-to-date (YTD). Meanwhile, the coin is also down over 8% in the last 30 days. This represents a change of fortune for the meme coin, which recorded a gain of around 150% in 2024. However, based on Javon Marks’ analysis, the Shiba Inu price could still end this year in the green if it records this projected 180% rally. SHIB could also reclaim one of the top 10 spots in the ranking of cryptocurrencies by market cap. Fundamentals like the SHIB burns and network activity could spark this momentum for the Shiba Inu price. In an X post, a SHIB community member revealed that the meme coin has just shattered another record. Over 1.5 million on-chain wallets now hold the meme coin, with the number still rising. However, the SHIB burns will need to pick up as they remain unstable. Shibburn data shows that the daily burns have crashed by over 82%, with 1.5 million SHIB burned in the last 24 hours. The burn rate is also down around 11% in the last seven days, with 48 million SHIB burned during this period. SHIB Can Rally As Much As 600% Javon Marks is still confident that the Shiba Inu price can rally as much as 600% in the long term. He recently stated that the $0.000081 target for SHIB remains unchanged and that sights are still on an over 609% uphill run to reach it in response to a massive holding breakout of the displayed resisting trend. Related Reading: Can The Shiba Inu Developer Push SHIB Price To $0.01? Expert Responds The analyst remarked that due to the post-breakout action, he sees this target being broken above, bringing $0.0001553 in play. Marks, however, failed to provide a specific timeline for when this 600% Shiba Inu price rally could occur. At the time of writing, the Shiba Inu price is trading at around $0.00001181, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
On-chain data shows Shiba Inu (SHIB) has its supply more concentrated on the largest holders than other assets like Ethereum (ETH) and Pepe (PEPE). Shiba Inu Has 62% Of Its Supply Controlled By Top 10 Whales In a new post on X, the on-chain analytics firm Santiment has shared how some top coins currently compare against each other in terms of the percentage of supply held by the ten largest wallets on the respective networks. Below is a chart showing the trend in this metric for eight cryptocurrencies: Shiba Inu, Ethereum, Pepe, USDT, USDC, DAI, Chainlink (LINK), and Uniswap (UNI). As is visible in the graph, the stablecoin USDC has the lowest amount of supply concentrated on the top 10 addresses among these assets at around 27%. Chainlink and DAI come close with the metric sitting at 32% and 33%, respectively. Others like Uniswap and Ethereum, however, have a more significant part of their supply under the control of these humongous entities: 51% and 49%, respectively. One asset that particularly stands out is Shiba Inu, with a massive 62% of its supply belonging to the ten largest whales on the network. For comparison, the other memecoin on the list, Pepe, has the same metric at 39%. Generally, the centralization of supply on just a few hands isn’t a constructive sign for any cryptocurrency’s stability, as tokens signify power on the network. It’s especially relevant in the case of a proof-of-stake (PoS) asset like Ethereum. As Santiment explains, As a retail trader, it’s generally safer to hold coins with less supply held by the most elite whales. There is less risk of sudden dumps or price manipulation should an asset’s largest whales decide to exit their positions. Given this, the assets like Ethereum, Uniswap, and Shiba Inu that currently have a majority of their supply or close to it in the hands of the top 10 whales may not be in the best position right now. In some other news, the cryptocurrency market sentiment is on the verge of extreme greed, according to the Fear & Greed Index. The Fear & Greed Index is an indicator created by Alternative that inputs a few different factors to determine the investor mentality as a score lying between zero and hundred. As displayed above, the cryptocurrency Fear & Greed has a value of 73 at the moment. This corresponds to the presence of a strong sentiment of greed present among the traders. Historically, markets have often moved in the direction that goes contrary to the expectations of the crowd. The probability of a contrary move is especially strong in the extreme ends of the index. For now, the market is still outside of the extreme greed zone, but only by a couple of units. SHIB Price At the time of writing, Shiba Inu is trading around $0.0000115, up over 3% in the last seven days. Featured image from Dall-E, Alternative.me, chart from TradingView.com
Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.
Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.
Significant trading activity occurred on June 29, with SHIB breaking out of its consolidation pattern on high volume.
SHIB's price bounced 17% from a 16-month low, with the broader crypto market stabilizing after initial reactions to Middle East tensions.
Shiba Inu tumbled to an intraday bottom of $0.000010 on Sunday, marking its weakest point in 16 months. According to market analyst Tom Tucker, that low could set the stage for a sharp turnaround. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets The meme coin has slipped 14% since June began and is off 37% from its May high of $0.00001764. Big holders are growing cautious too, with whale wallets down about 80% and open interest in Shiba Inu futures falling to $123 million—a level last seen in early April. Double Bottom Pattern Offers Hope Based on reports from Tucker’s June 22 chart examination, the meme coin appears to be forming a classic double bottom on its daily price graph. That pattern often signals that a sell-off has run its course. SHIB first bounced off roughly $0.00001028 on April 7, climbing 70% to reach $0.00001765 by May 12. Now that the coin has revisited that support zone at around $0.00001030, traders will be watching closely to see if history repeats itself. $SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets. Down 38% from May highs, with whale holdings -80% and futures OI at a 1-month low. TA shows deep oversold levels, but a double-bottom near $0.00001030 could spark a 62% rebound if support holds.#SHIB pic.twitter.com/uEo3ebjxXD — Tom Tucker (@WhatzTheTicker) June 22, 2025 Support Zone Holds Crucial Key According to Tucker, Shiba Inu needs to stay above $0.000010 to confirm the double bottom. The token has already climbed 7.7% from Sunday’s trough to trade around $0.00001081 today. If the support holds firm, he predicts a 62% rally that would lift SHIB to about $0.00001752—practically matching last month’s peak. Whales Exit As Risk Appetite Fades The most recent decline in major holder balances suggests that there could be a shift in market sentiment among Shiba Inu biggest fan base. Whale positions have been 80% lower from its May high, and the decline in open interest hints that leveraged speculators are not taking as much risk. Those moves suggest caution is likely to persist until the buyers return en masse. Shiba Inu Team Urges Patience Meanwhile, the Shiba Inu ecosystem’s marketing lead, Lucie, has asked the community to stay calm. Based on statements from the team, the rally to $0.01 is still the long-term goal, but reaching that milestone means to not “panic” and stay resilient. Panic is not an option. If we haven’t won yet, it’s because it’s not over. — ???????????????????? (@LucieSHIB) June 22, 2025 Related Reading: Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark Lucie reminded supporters that market swings are part of the journey and that holding through downturns could pay off down the line. Investors seeking a clear entry point might find the present price action appealing. If SHIB manages to hold above that $0.000010 support, a rapid recovery is in the cards. But if the coin goes below that line, the next move down might take it to even lower levels. Traders should be observing volume, whale actions, and the larger crypto market sentiment before making their next move. Featured image from Imagen, chart from TradingView
Shiba Inu has experienced a V-shaped recovery from 16-month lows.
The long-short ratio in the perpetual futures market has fallen to 0.9298, indicating bearish sentiment among traders.
SHIB experienced a 3.5% decline amid broader crypto market losses and U.S. stock market weakness.
Shiba Inu has seen a surge in burn activity, with the burn rate climbing by 3,194% in the last 24 hours. According to data from burn tracker Shibburn, over 521.6 million SHIB tokens were permanently removed from circulation during this period. This sudden and sharp rise in burn rate has raised optimism within the SHIB community, although the token’s price action is struggling with bullish sentiment. Large Transactions Dominate SHIB Burn Activity As shown by data from Shiba Inu’s burn tracking website Shibburn.com, the latest burn wave was dominated by a few large transactions. A notable contributor was the wallet address beginning with “0xdb6,” which alone facilitated burns totaling over 500 million SHIB across multiple transactions to the BA-1 burn address. One of its largest single burns reached 310,744,788 SHIB, followed closely by another 107,333,061 SHIB, and then another 103,276,575 SHIB. Related Reading: Billionaire Snaps Up $100 Million Of Trump Coin – Details Other wallets also participated, including “0x28be” and “0x6176,” with each sending SHIB tokens into various burn addresses such as CA and BA-2. These contributions, although not on the same scale as the primary whale wallet, collectively helped elevate the day’s total burn count to over 521 million SHIB. Together, these burn events reflect a push within the Shiba Inu community to increase SHIB burns, which had otherwise been short of noteworthy burns in recent weeks. Despite Burn Efforts, SHIB Supply Still Faces Uphill Battle Although 521 million SHIB tokens is a significant figure for a single day, it barely makes a dent in the meme token’s vast circulating supply, which currently sits above 589 trillion SHIB tokens. This context relays the challenge faced by the current Shiba Inu tokenomics. Despite periods of aggressive burns like the one witnessed in the past 24 hours, the token’s massive supply continues to weigh on its long-term price appreciation goals. However, the spike in burn rate is still a positive signal, particularly from a sentiment standpoint, especially now that the Shiba Inu price is struggling with sentiment. With SHIB currently trading within a tight range between $0.00001225 and $0.0000119, more Shib burns in the rest of the new week could bode well for its price action moving forward. As of the time of writing, Shiba Inu is trading at $0.00001192, down by 1.7% in the last 24 hours. Despite the massive uptick in burn activity, market response is somewhat muted. However, there may be more happening behind the scenes. Related Reading: $57 Million In Crypto And Counting: Trump’s World Liberty Connection A Shiba Inu community member recently posted on the social media platform X, hinting that the project’s lead developer, Shytoshi Kusama, still has “several aces up his sleeve” for the Shiba Inu community. Although no further details were shared, past developments like the launch of Shibarium have influenced price trends. Hopefully, any new announcements could reignite interest and drive the Shiba Inu price token to new highs. Featured image from Unsplash, chart from TradingView
Shiba Inu's burn rate surged to 112,000% early this week, permanently removing 116 million tokens from circulation.
The Shiba Inu development crew has rolled out a new tech layer that could shift how people use SHIB. According to reports, the beta version of Shib Alpha Layer went live on June 12, 2025. It’s made in partnership with ElderLabs, and it got built without any VC backing. Now users can test it before the full launch. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Shib Alpha Layer Beta Launch Based on reports, the Shib Alpha Layer brings all the separate rollups in the ecosystem under one hood. You won’t need to jump from bridge to bridge. You transact as if you’re on a single chain, even though dozens of rollups run beneath the surface. The project reached beta in record time, and the team says they did it all with their own funds. User Friendly Experience Users can pay fees in SHIB, BONE, or any token they hold. That cuts out the problem of having to swap tokens just to cover gas. You’ll also get near‑instant finality, so transactions show up almost right away. Those features may seem small, but they could pull in people who find current rollup setups clunky and slow. Shiba Inu: Security And Privacy Features Shib Alpha Layer uses ZAMA’s Fully Homomorphic Encryption. That lets smart contracts run on encrypted data, so the logic stays private. It’s rare to see FHE live in a crypto network, but the beta is already up and running. Security audits have been promised before the public release, which should ease some worries about bugs or hacks. Today we flip the script. For years we’ve been called “just a meme,” spammed with Wen Shibarium?, and drowned in FUD from bots, burnt deadweight ex-team but instead of arguing, we shipped. Introducing Shib Alpha Layer (beta) — our rollup abstraction stack built with ElderLabs… — Kaal (@kaaldhairya) June 12, 2025 Integration With Shibarium Shibarium is set as the settlement layer under this new system. According to lead developer Kaal Dhairya, every rollup becomes an L3 network, picking up the security that Shibarium offers. Future updates will open up rollup deployment to everyone and boost multi‑chain links. Instant bridging is on the roadmap, too, so moving assets between chains could happen in a click. READ THIS: https://t.co/zZcjV0VhHv — Shytoshi Kusama™ (@ShytoshiKusama) June 13, 2025 The team’s main coder, Kaal Dhairya, pointed out that early critics called SHIB a joke coin. They’d ask “Wen Shibarium?” and spread fear, uncertainty and doubt. He said those jibes didn’t slow them down. Instead, they focused on building. Related Reading: Bitcoin Is Just 0.2% Of Global Wealth — And That’s Why It’s Not Too Late: Analyst Shytoshi Kusama, another lead developer, popped back on X after a few weeks off to highlight this work. He’s been drafting a whitepaper on how AI could team up with the Shiba Inu network. He also flagged Shiba’s new Web3 gaming push on Astra Nova’s TokenPlay.ai. Calling an end to SHIB’s “meme era” is a bold claim. But if the new layer works smoothly, it could mark a shift in how people think about Shiba Inu. Either way, June 12, 2025, will go down as the day this project vied for more than just the dog coin tag. Featured image from Unsplash, chart from TradingView
The U.S. consumer price index for May is expected to rise to 2.5%, potentially impacting market dynamics.
The daily burn rate of SHIB dropped by 63%, posing a challenge to its deflationary goals, according to CoinDesk's AI insights.
SHIB outperforms BTC amid reports of a massive whale transaction.
SHIB's price volatility included a peak at 0.00001336 and a decline to 0.00001297, with significant trading volume.
SHIB failed to maintain gains above the 100-day simple moving average, closing at $0.00001317, a 2.9% gain over 24 hours.