Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
SHIB 
M Latest News
Earlier this week, Rakuten Wallet, a cryptocurrency exchange owned by Japanese e-commerce giant Lotte Group, officially included Shiba Inu (SHIB) physical coins in its "Real Coin" series. Shiba Inu Coin's official X account celebrated this, saying: "This is the fifth product released in the series and the first currency to use high-quality embossed polishing process."
However, that's all the good news surrounding the memecoin. T. Rowe Price's cryptocurrency ETF has just been launched. Although the market had expected SHIB to become one of its underlying assets, the memoin was not included in the end.
Another development comes from the United States. Arkham disclosed that the U.S. government recently transferred US$250,000 worth of Shiba Inu coins seized from FTX and Alameda Research. "The SHIB will be held by the U.S. government and is expected to be used to repay creditors in the FTX case," the post read.
The ecosystem has suffered a setback as a whole
Shiba Inu has recently experienced a difficult period: interest among traders and investors has dropped significantly, and overall ecosystem activity is almost invisible. For example, Shibarium, its second-tier expansion solution, which used to process millions of transactions per day, has shrunk significantly, with transaction volume falling to just a few hundred, reflecting a decline in user activity and interest.
The destruction plan for Shiba Inu coins is also worrying, with the destruction rate falling by 54% in the past week, indicating a significant decrease in online participation.
SHIB Price Outlook
As of press time, the price of SHIB is approximately US$0.00004078 (data source: CoinGecko), a monthly decline of 17%, a 95% drop from the historical high at the end of 2021. The market value of the token has fallen below US$2.5 billion, and was even surpassed by MemeCore (M) at one point this year, falling to the third largest memecoin. Later, SHIB regained second place because MemeCore (M) experienced a double-digit plunge.
Despite the unfavorable environment and multiple bearish factors, the community continues to grow. According to reports, the total number of SHIB wallets has recently surged to a new peak of nearly 1.7 million, thanks to the influx of approximately 75,000 new holders in a single day.
