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Dog Coin's rally accelerates, and buying pressure on Shiba Inu Coin rises

2026-08-22 00:14:27
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Dog Coin and Shiba Inu Coin have risen by more than 15% in the past two days. The recovery of market sentiment has driven a surge in buying.

In the past two days, dog Coin ($DOGE) and Shiba Inu Coin ($SHIB) have both risen by more than 15%. The buying pressure on the two major tokens has increased significantly, which is the recovery of overall financial market sentiment.

Macroeconomic positive: The Ministry of Finance stepped in to ease the pressure on long-term yields

Part of the background of the rise in risk appetite stems from major policy adjustments in the U.S. bond market.

The U.S. Treasury Department announced that it will significantly increase the scale of liquidity-backed repurchase operations on long-term nominal interest-bearing securities, doubling the single operation ceiling from the previous US$2 billion to at least US$4 billion, with an implementation period of 2026. September 9 to November 4, 2026.

This comes a week after the yield on the 30-year U.S. Treasury bond just hit a 19-year high. After the news was announced, yields fell back: the 10-year bond yield fell 6 basis points to 4.647%, and the 30-year bond yield fell 9 basis points to 5.196%.

A fall in long-term yields usually helps boost market appetite for risky assets, including cryptocurrencies.

DOGE and SHIB: Drivers behind the rise

Dogecoin trading activity is becoming increasingly active as its payment ecosystem expands. The token has regained its upward momentum after holding on to key demand areas around $0.071 to $0.072. There are a large number of short clearing positions gathered above the current price, which means that once a decisive breakthrough occurs,$DOGE is expected to hit US$0.08.

Shiba Inu coins have risen particularly rapidly. In late July, the token soared by about 36% to US$0.000057, increasing its single-day market value by about US$1 billion, and its daily trading volume also hit the highest ranking in several months. SHIB/KRW trading pairs on South Korea's Upbit exchange account for more than 10% of global trading volume, and local traders appear to be the main driver of the rise.

Since then,$SHIB has fallen back from its high point, but online data still shows continued accumulation. According to reports, more than 207 billion SHIBs have flowed out of exchange balances in recent days, a pattern that usually reflects holders moving tokens into self-custody rather than preparing to sell.

Token destruction is also accelerating. According to Shibburn, the weekly destruction of Shiba Inu coins has soared by 515%.

Looking to the future, the project also has multiple short-term catalysts. The clearest item on the schedule is the Shibarium privacy upgrade based on fully homomorphic encryption technology. The upgrade was developed with the assistance of cryptography company Zama and was originally scheduled to be completed in the second quarter of 2026. It has been postponed, so August has become a critical window for news release. In addition, LEASH v2 upgrades with fixed supply and DAO governance mechanisms are still on the 2026 roadmap.

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