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Shiba Inu Team Issues Major Shibarium Update

by admin May 23, 2025

Shibarium prioritizes decentralization
SHIB trading volume jumps 19.04%

The Shiba Inu team has announced a crucial update regarding the Shibarium blockchain aimed at strengthening the network’s decentralization. Soon, public Remote Procedure Call (RPC) endpoints will have rate limits applied.

Shibarium prioritizes decentralization

According to the announcement, the move isn’t aimed at restricting access. Instead, it is designed to encourage a more decentralized and resilient ecosystem. With the introduction of these limits, Shibarium is urging developers and high-volume users to run their own nodes instead of relying on public endpoints.

In its basic form, a node is a copy of the blockchain that helps verify transactions and ensure the network continues to function. Better privacy, increased resistance to censorship, and unrestricted access are some of the top benefits of running a personal node.

With more independently run nodes, the Shibarium network will become harder to shut down or control. This aligns with the openness and decentralization principles of blockchain technology. The long-term payoff for node owners is independence from third-party services and greater reliability.

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Shibarium’s latest update reflects a rising trend in blockchain development, where projects prioritize decentralization over convenience to ensure long-term sustainability. Analysts believe the change may require adjustments, especially for decentralized apps (dApps) and frequent traders.

However, the overarching goal is a faster, more secure, and truly decentralized network for Shibarium users. The Shiba Inu team also announced that it has resolved the issue of the temporary unavailability of mainnet snapshots. Users can now access records of network activity at specific points in time.

SHIB trading volume jumps 19.04%

As of the latest CoinMarketCap update, Shiba Inu (SHIB) is trading at $0.00001533 after a 5.25% increase in the last 24 hours. Several key metrics also recorded positive changes, suggesting renewed interest and activity in the popular digital asset.

Source: CoinMarketCap

The cryptocurrency’s 24-hour trading volume rose by 19.04%, reaching $367.27 million. This significant increase in trading activity can often signal further upward price movement.

The volume-to-market cap (vol/mkt) ratio, which provides insight into an asset’s liquidity, is currently at 4.11%, indicating moderate liquidity and easier trading conditions. SHIB’s profile score of 74% reflects its relatively strong market standing.

As previously reported, on-chain data shows that Shiba Inu is entering the quarter during which it typically underperforms. However, the volume of transactions reached 5.76 trillion SHIB on Tuesday, suggesting ongoing activity and potential investor optimism.

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May 23, 2025 0 comments

Crypto Trends

New ATH Not That Important, Shiba Inu (SHIB) Growth Begins, Dogecoin’s (DOGE) Path to $0.30 Begins Again

by admin May 23, 2025

Shiba inu revitalized
Dogecoin falls back

Bitcoin has officially surpassed the $111,000 mark and entered new all-time-high territory. However, in spite of this technical milestone, the overall market reaction has been remarkably subdued. This recent surge feels more like a grind than an explosive move in contrast to the euphoria-fueled rally of 2021 or the parabolic runs of 2017. In terms of technical analysis, Bitcoin is still strongly rising.

The 50-day EMA is now comfortably above the 200-day, confirming a golden cross. The breakout above the resistance level of $102,000 has held firm, and volume is increasing gradually. When you look more closely, though, you start to see indications of overextension. The price has moved far from short-term moving averages and the RSI is well into overbought territory at 77, indicating that a possible correction is imminent.

BTC/USDT Chart by TradingView

Even though the ATH breakout occurred, the lack of substantial capital inflow is more telling. In previous cycles, breaking an ATH usually resulted in a surge of institutional and retail purchases. This time, rather than fresh liquidity flooding the market, it appears to be more about existing capital rotating and shorts being squeezed. Bitcoin’s recent sharp increase was aided by $239 million in short liquidations, but if new buyers do not enter the market, that momentum may not last.

The ATH is more psychological than market-defining in this situation. While it is a confirmation of the long-term bullish structure, it has not yet set off the type of rally driven by FOMO that we have witnessed in past cycles. Short-term upside might be constrained in the absence of that catalyst.

Before the next leg, Bitcoin might need to cool off. It would not be shocking to see a correction toward the $101,000-$102,000 breakout zone, which might offer more solid support for a long-term upward move. The new ATH is more of a checkbox than a party until actual inflows make a comeback.

Shiba inu revitalized

Following some tumultuous weeks, Shiba Inu is displaying signs of regaining strength. The meme-inspired asset has shown signs of a possible change in momentum by convincingly rebounding off the 100 EMA. Due to the subsequent uptick, SHIB has regained its position above the $0.0000150 mark, which is a short-term psychological threshold. This important support level held firm. More encouraging is the 26 EMA’s behavior, which is currently curling upward and closely following the price.

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This is a technical indication that buyers are taking back control and that short-term sentiment is improving, and it frequently signals the start of a momentum expansion phase. If this pattern continues, SHIB might make a serious effort to take back the 200 EMA, which is currently serving as resistance close to the $0.000016 mark.

The return of the asset to a medium-term uptrend would be confirmed by a successful break above the 200 EMA. Traders ought to exercise caution, though, as a double top could form. If volume does not support further upside, the previous high at $0.000017 might serve as a cap, and a failure to break higher could cause a retracement back toward the 100 EMA.

The current bounce appears to be more of a technical relief move than a euphoric breakout, as volume is still low when compared to previous breakouts. However, gains could accelerate if SHIB is able to draw in enough buy-side pressure to break through the 200 EMA.

Dogecoin falls back

As it traces a course back toward the crucial $0.30 level, Dogecoin is making yet another determined effort to regain its gains. DOGE has now decisively broken through the descending trendline, which usually marks the end of a correction phase and the start of a possible recovery rally following a period of consolidation and a steep retracement from prior highs. DOGE is heading toward a crucial test at $0.25, a level that has historically served as strong resistance and is currently trading close to $0.24.

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A breakout with significant volume could push the rally to $0.28-$0.30, which could act as a structural and psychological ceiling. The configuration appears promising from a technical standpoint. A potential momentum expansion phase is indicated by the 26 EMA converging with the 50 and 100 EMAs. When accompanied by a distinct pattern breakout, as is the case with the falling wedge that DOGE has just exited, this alignment frequently signals the start of a stronger bullish move.

But traders should exercise caution. If DOGE is unable to break and hold above the $0.25 resistance, there is still a chance of a double top. An immediate retreat back toward support at the 100 EMA or around $0.21 may result from this. This most recent upswing has seen a steady increase in volume, which suggests that interest is returning but is not yet at levels that point to euphoric buying.

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May 23, 2025 0 comments

GameFi Guides

Shiba Inu (SHIB) Entering Most Dangerous Quarter of Year

by admin May 22, 2025

Shiba Inu (SHIB) is heading into summer with a track record that does not inspire much confidence. The seasonal trend has been consistent: the warmer months tend to bring weaker returns, and 2025 so far is showing signs that this pattern may hold once again.

If you look at SHIB’s monthly performance by CryptoRank from June to August, you will see that those months are some of the weakest. June’s return is -15.1% on average, with a median of -11.8%, showing regular sell-offs. July and August are not far behind, with average returns of -2.7% and -1.3%, and medians of +2.1% and -1.0%, respectively. Even with a few positive spikes in the middle of summer, the big picture is still looking down.

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The recent movement supports the need for caution. SHIB ended Q1, 2025, with a -41.4% return, which is not a good start to the year. April and May showed some signs of life with gains of 6.92% and 15.8%, but the big picture remains uncertain.

SHIB is trading near $0.00001536. That is still below the range it was in in February and March, and it is having a hard time breaking past the resistance at around $0.00001698. Key support is around $0.00001107.

Source: CryptoRank

The average and median numbers for other months help explain where SHIB tends to move. May is usually one of the best months, with an average return of +65.4% and a median return of +13.2%. But by June, that energy often dies down.

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The quarterly data lines up. In 2023 and 2024, SHIB’s Q2 returns were -30.2% and -44.3%, respectively. Even with big gains like the +145.2% in March 2024, SHIB has given back those gains by midsummer.

Unless new catalysts emerge, historical performance suggests Shiba Inu could face another slow, red summer — with price history pointing to downside risk in the months ahead.

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May 22, 2025 0 comments

Crypto Trends

New Frontier to $3,000, Shiba Inu (SHIB) Eyeing Golden Cross

by admin May 22, 2025

Ethereum breaks out
Shiba Inu’s golden flash

Hovering above the pivotal 26 EMA, which is currently serving as its main support level, XRP is indicating an impending breakout. XRP is currently coiling for a possible move driven by technical consolidation after a comparatively quiet correction phase. The price has remained stable above the $2.30 mark.

The convergence of the main moving averages, especially the 26, 50 and 100 EMAs that are starting to tighten, is the most important finding on the chart. This squeeze pattern frequently precedes volatility surges, which are characterized by a sharp price swing as compressed momentum finds direction.

XRP/USDT Chart by TradingView

If buying pressure returns, the likelihood of an upward breakout is higher as long as XRP remains above these levels. Although currently muted, volume lends credence to the compression narrative. XRP has a history of exhibiting explosive behavior after low-volume plateaus close to important technical thresholds.

Since the RSI is close to 60, there is still space for the asset to rise without going into overbought territory right away. Latent bullish energy waiting for a catalyst is indicated by this technical setup. XRP is currently recovering from a multi-month downward trend, and its recent breakout above that structure earlier this month has not been disproven from a wider market structure standpoint.

A continuation rally could be in the works based on the current price action, which points to a sound retest of support. If volume validates the breakout and XRP closes above the $2.50 resistance, a move toward $2.80-$3.00 may occur quickly. In contrast, a loss of the 26 EMA would raise the risk of a decline to the 100 EMA, which is located around $2.26.

Ethereum breaks out

As the long consolidation comes to an end and a new bullish leg begins, Ethereum has formally broken out of its descending trendline. Beyond simply being a technical milestone, this breakout could serve as the basis for Ethereum’s long-awaited reversal and a push toward the crucial $3,000 mark. The 200 EMA, which has served as a solid support and launching pad for the current move, was touched and bounced off by ETH at the pivotal moment.

Its importance as a psychological and technical floor, which bulls successfully defended in the face of wider market hesitancy, is confirmed by the response from this level. A distinct close above the upper trendline has now validated the breakout from the short-term descending wedge pattern, which was characterized by several weeks of lower highs. In bullish times, this pattern frequently serves as a continuation structure, and ETH’s follow-through has reinforced that assertion.

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The move gains weight when the volume stays constant during a breakout. Further upward movement is still possible, particularly in a breakout scenario, even though the Relative Strength Index (RSI) is moving toward overbought territory. Now, the main resistance to keep an eye on is just below the psychological $3,000 level close to the $2,800 zone.

This move could draw in sidelined buyers and start a new round of bullish activity if Ethereum can keep up the momentum and clear this region with increasing volume. Ethereum’s technicals are pointing in the direction of a sustained increase. A bullish outlook is well supported by the clean breakout setup bounce from the 200 EMA and descending trendline break. The level of $3,000 is now firmly on the horizon, and ETH may soon enter its next significant push if market conditions continue to be favorable.

Shiba Inu’s golden flash

With the 50-day Exponential Moving Average (EMA) progressively approaching the longer-term 200 EMA, Shiba Inu is displaying early indications of a possible golden cross formation. Although this crossover is typically interpreted in technical analysis as a bullish signal, SHIB’s future is far from assured. In terms of price, SHIB has been comparatively steady in recent sessions, circling around the 100 EMA just above important support levels.

The token is forming a base once more in anticipation of a catalyst that will push it higher following its previous unsuccessful breakout attempt above the 200 EMA. An impending momentum shift may be signaled by the 50 EMA’s current proximity to the price action, but this needs to be confirmed. Nonetheless, the obvious drop in trading volume is among the most obvious warning signs.

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Weak volume, combined with a golden cross, frequently causes a false breakout or rapid reversals. This setup could easily fade away before reaching full crossover status if there is not much buying pressure. In recent days, Shiba Inu has experienced a significant increase in both inflow and outflow on-chain. Inflows from large holders have increased by more than 1100% in the last week, while outflow activity has also increased significantly.

This implies that whales are paying more attention, though not necessarily in a positive way. Instead of accumulation, the opposing flows suggest redistribution or strategic repositioning. Now everyone’s watching to see if the 50 EMA can continue to close the 200 EMA gap and set off a golden cross. SHIB is still in a speculative zone until volume is confirmed and price action stays above important EMAs. Traders should proceed cautiously and wait for confirmation in the volume and market structure before committing to bullish wagers.

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May 22, 2025 0 comments

Crypto Trends

1,100% Explosion on Shiba Inu (SHIB) Market Raises Lots of Questions

by admin May 21, 2025

With inflows up 1,109% and outflows up 822% over the last seven days, Shiba Inu, one of the most watched meme coins on the market, has seen an unprecedented spike in on-chain activity. These figures increase even more over the 30- and 90-day periods, showing an astounding +1,155% and +1,141% increase in inflows, respectively. At 1,582% and 815%, respectively, outflows are not far behind. All that surge in activity is raising numerous questions: who’s behind it? Why is the price not moving, and what should the market expect?

These numbers point to a highly erratic on-chain environment with significant capital movement taking place on both ends. SHIB is still in the consolidation phase on the price chart, trading at about $0.000016, just below the 200 EMA resistance level. Although there have been rapid changes on the chain, price momentum has not yet materialized. This implies that internal repositioning, profit-taking or preemptive allocation may be more responsible for the large holder behavior than new retail demand or strong market conviction.

Source: IntoTheBlock

At the moment, the 200 EMA at $0.000016 serves as a definite resistance level, while the 100 EMA at $0.000014 is still a critical support level. Volume has stayed low in comparison to the early May surge, and the RSI is in neutral territory at about 60, suggesting that there is potential for either continuation or retracement. These factors support a more cautious near-term outlook. The increase in inflows and outflows is simultaneously a warning sign and a sign of good things to come.

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In light of changing macro and market conditions, it marks a time of significant redistribution, most likely planned by whales to modify their exposure to SHIB. Such activity usually comes before a directional move, but it is unclear if this will resolve bullishly or result in a local top without price and volume confirmation.

SHIB traders are currently advised to keep an eye on the price boundaries at $0.0000135 and $0.000016. The next big trend may be determined by a breakout above or below these. Without strong technical follow-through, this behavior might just remain noise, but in a larger context, it might resemble the meme-driven hype cycles from previous bull phases.

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May 21, 2025 0 comments

GameFi Guides

79.89% Crash In 24 Hours: What’s Going On With The Shiba Inu Burn?

by admin May 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a rather unexpected turn of events, the Shiba Inu (SHIB) burn rate has plummeted by a staggering 79.89% in just 24 hours. Once considered the cornerstone of Shiba Inu’s deflationary strategy and a key driver behind the meme coin’s long-term value, this dramatic decline in token burns now sparks serious concerns about what’s behind the sharp drop and its impact on the meme coin’s future price.

Shiba Inu Burn Rate Suffers Dramatic Decline

Shiba Inu’s once-celebrated burn mechanism has recently hit a significant roadblock, with the burn rate crashing almost 80% in just a day. According to Shibburn, the on-chain analytics platform designed to track token burns within the Shiba Inu ecosystem, only 8,258,774 SHIB coins were eliminated in this period. This is a steep drop compared to over 49 million tokens incinerated just a day earlier.

The sudden drop in Shiba Inu’s burn rate comes as the meme coin’s price experiences a significant decline. Notably, Shiba Inu’s burn mechanism is a vital part of its tokenomics model. By sending coins to a dead wallet, SHIB tokens are permanently removed from its large circulating supply, which in turn helps increase scarcity and possibly drive up its price over time.

Unlike projects with protocol-level burn mechanisms, Shiba Inu’s burning process is mainly community-based. This means that the recent drop in burn rate could reflect a negative shift in market sentiment.

Source: Chart from Shibburn

This decline in market sentiment may also be attributed to Shiba Inu’s lacklustre price performance and failure to sustain a meaningful rally in recent months. At the time of writing, SHIB is trading lower alongside many altcoins, reflecting market uncertainty. According to CoinMarketCap, its price is sitting at $0.0000144, representing a sharp 39.8% decline from its yearly high.

Despite the community’s strong presence and analysts’ optimistic projections, sentiment around SHIB appears muted, with CoinCodex data highlighting indifference rather than enthusiasm. If the burn rate continues to decline, particularly after this 79.89% drop, it could erode confidence in the meme coin’s deflationary narrative and future price.

Currently, Shibburn data reports that the total number of SHIB tokens burnt since inception is over 410.7 trillion, leaving approximately 589.2 trillion remaining out of the original maximum supply of over 999.9 trillion.

SHIB Price Targets $0.000035

Despite low prices and burn rate crashes, analysts still view Shiba Inu in a bullish light. One of the latest price predictions by market expert ‘Crypto Catalysts’ on X (formerly Twitter) suggests that the Shiba Inu price could soon see a dramatic surge to $0.000035.

The analyst noted that SHIB is showing signs of strong upward momentum. According to the shared chart, SHIB has been forming a clear accumulation base between $0.000007 and $0.000014. This zone, which previously acted as a launchpad for the meme coin’s explosive rallies in 2021 and 2023, is once again highlighting strength as SHIB aims for a 147% increase to $0.000035.

SHIB trading at $0.000014 on the 1D chart | Source: SHIBUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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May 21, 2025 0 comments

NFT Gaming

137% Shiba Inu (SHIB) Surge in 24 Hours: What’s Happening?

by admin May 20, 2025

With a 137% increase in just one day, Shiba Inu is seeing a huge spike in large transaction activity, which is bringing the meme coin back into the spotlight. Whale activity has increased significantly enough to suggest a potential market shift even though price action has not reflected this jump with the same vigor.

Currently SHIB is trading close to $0.000014, which is just above the 100 EMA, a crucial support level that served as the catalyst for its most recent breakout. The token is nevertheless perilously close to losing its 26 EMA, which was a useful short-term trend indicator during the most recent surge. Any short-term bullish continuation could be rendered invalid by a break below this level.

SHIB/USDT Chart by TradingView

Technically speaking, despite SHIB’s efforts to consolidate close to its local highs, the volume profile shows declining activity. This discrepancy, which shows a lower volume and a persistently rising price, frequently indicates buyer exhaustion or the beginning of a reversal. Given the high percentage of large holders (74%) and the comparatively small order book, SHIB may see significant price swings in either direction based on how whales play it next.

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With “In the money” metrics and net network growth flashing red, on-chain signals are still primarily bearish. Retail interest appears to be stagnating and the number of Telegram users decreasing. The $36.78 million trading volume of SHIB, however, indicates that liquidity is present and that any sudden catalyst – whether favorable or unfavorable – could quickly cause volatility.

Even with its meme coin origins, SHIB still has a cultlike following and a huge $8.76 billion market capitalization. But this is a make-or-break area based on the available data. Resurgent volume and a bounce off the 100 EMA could cause SHIB to retest $0.000016.

On the other hand, if important support is not maintained and the transaction momentum keeps dropping, it could fall back to $0.000012 or even $0.0000113. Keep an eye on the 26 EMA; if it folds, the current rally may end quickly.

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May 20, 2025 0 comments

GameFi Guides

Ethereum (ETH) Lost $3,000, XRP to Lose $2? Shiba Inu (SHIB) Breakthrough Failed?

by admin May 20, 2025

XRP at pivotal state
Shiba Inu gets cut

Ethereum is now further declining into a short-term downtrend that could end its recent bullish recovery after losing its footing above $3,000. The price action has quickly turned sour after ETH’s strong breakout earlier this month that forced it through its 200 EMA for the first time in months.

A falling wedge pattern breakdown is the most obvious warning sign. Bullish continuation patterns are typically thought of as falling wedges. However, the breakdown in the case of ETH demonstrates that the pattern served more as a reversal trap than a consolidation. This invalidation implies that the market is weakening rather than undergoing a healthy correction.

ETH/USDT Chart by TradingView

Ethereum now has no support at the 200 EMA, which is at $2,438. This adds to the bearish pressure. Because of the recent daily close below this crucial technical level, which has moved from support to resistance, the outlook for the coming days is bleak. If the next strong support level does not hold, a retest of $2,000 is very likely. It is located between $2,200 and $2,170. Additionally, volume trends are not favorable.

There has not been a surge in bullish buying volume to counteract the selling despite several red candles over the past few sessions. That proves one thing: people are becoming less confident. Ethereum’s macrotrend is still in place for the time being, but the wider market may follow if this local decline is not swiftly stopped.

How ETH’s rally was so brittle and how unprepared the bulls were for actual resistance is demonstrated by the failure to sustain bullish structure so quickly after breaking out above the 200 EMA.

XRP at pivotal state

The price of XRP is beginning to flirt dangerously with the 26 EMA, a crucial dynamic support level signaling the start of a critical juncture. With downside targets in the $2.18 and $2.04 range not far off, a more severe decline may be imminent if the asset’s current trading level of $2.31 is broken by this pivotal moving average.

The bullish momentum that propelled XRP toward the $2.80 mark after a brief rally has obviously stalled. Even more alarming is the volume’s steady decline, which suggests that buyer interest is waning. Without large inflows or a resurgence in sentiment, XRP might not be able to hold its current value, much less rise in the near future.

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A lot of bulls were aiming for the psychologically significant resistance level of $3.00, which the recent move invalidated. Since that path is now essentially blocked, XRP is consolidating within a smaller range, with each bounce appearing weaker than the one before it. Technically, if the 26 EMA breaks, the asset could potentially enter a more severe correction.

Although the fall may be slowed by the support confluence around $2.18, the door to $2.00 reopens if that cracks as well. Market sentiment and on-chain activity also exhibit this decision mode phase. While many traders are awaiting cues, few are prepared to make capital commitments at the present time. The bias remains skewed to the downside until volume picks back up and the price firmly reclaims higher support zones.

Shiba Inu gets cut

After what appeared to be a successful breakout attempt above the 100 EMA, Shiba Inu is once again under downward pressure. The asset raised expectations for a long-term rally in early May when it was able to break through this important moving average. The bullish momentum, however, soon waned, and SHIB has since made a significant retracement, falling back below the support zone it momentarily claimed.

SHIB’s lack of conviction is a larger problem, as evidenced by the failed breakout above the 100 EMA, which is currently trading close to $0.000015. Even though volume increased during the attempted upward move, there was no follow-through buying. The token has now returned to the $0.000014 level due to a surge of selling pressure, with bearish momentum increasing.

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Slightly above the failed breakout zone, the 200 EMA (black line) is where the chart structure shows a clear rejection. This rejection now serves as a strong obstacle that SHIB will find difficult to get past in the absence of strong fundamental or speculative catalysts. Shiba Inu is still one of the most well-known meme coins on the wider market, but its usefulness is still debatable.

The market is not returning developers’ promises of ecosystem expansion, such as Shibarium and token burns, with sustained confidence. As an alternative, SHIB’s price still fluctuates in a boom-and-bust pattern typical of assets that are driven by hype. Any break below the current support level, which is between $0.0000135 and $0.0000130, would probably pave the way for a decline toward local lows.

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May 20, 2025 0 comments

NFT Gaming

49 Million SHIB Burned as Shiba Inu Burn Rate Jumps 17,900%

by admin May 19, 2025

Shiba Inu token burn highlights community commitment
SHIB price dips amidst surging trading Interest

With a burn rate reaching 17,930% in just 24 hours, a whopping 49,046,845 Shiba Inu (SHIB) tokens have been permanently removed from circulation, according to the SHIB burn website.

The move is part of a major push to reduce the token’s supply and potentially increase its scarcity. Token burns are an important part of the network’s long-term strategy, where tokens are sent to inaccessible wallets deliberately, removing them from circulation forever.

Shiba Inu token burn highlights community commitment

As the burn rate increases, the supply reduces faster, which can lead to a rise in demand, provided there is plenty of activity in the ecosystem. The latest burn is one of the largest in recent weeks and further proves the Shiba Inu community and developers’ commitment to managing the token’s supply.

Source: Shibburn.com

The massive increase in the burn rate indicates either a sharp rise in transaction-based burns (where some tokens are automatically removed from circulation after every trade) or a coordinated effort to remove a large quantity of tokens at once.

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Even though burns alone cannot guarantee price increases, investors watch them closely as a sign of the project’s long-term viability and community strength.

The SHIB Army remains one of the most active in the crypto ecosystem, with over 1.5 million holders. It continues to push the token’s adoption through partnerships, developments like Shibarium (a layer-2 blockchain), and consistent burns.

SHIB price dips amidst surging trading Interest

The 16th-ranked cryptocurrency by market cap is showing mixed signals on the price chart. According to the latest CoinMarketCap data, SHIB is currently trading at $0.00001442, down 1.45% over the past 24 hours.

Despite the drop in SHIB’s price, the token’s trading volume over the same period rose by 22.67% to $292.07 million, suggesting a sharp rise in interest in the token. One of SHIB’s unique features is its total supply of 589.5 trillion tokens, with almost all of it already in circulation.

Source: CoinMarketCap

While digital assets like Bitcoin and Ethereum have capped or controlled issuance, most of Shiba Inu’s supply was released at launch. Therefore, community-driven activities and burns are necessary to help maintain the token’s long-term value.

The token’s 24-hour trading volume to market cap ratio of 3.43% suggests that SHIB can be traded without drastic price swings.

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May 19, 2025 0 comments