Shiba Inu has just recorded one of its strongest burn activity periods in recent weeks, as multi-million SHIB tokens get destroyed and removed from circulation within 24 hours.
Borderline offensive humor from a well-known macro strategist drew the attention of the crypto community as Michael Gayed commented on a post by analytics outlet TXMC, whose authors recalled old hopes among retail investors to see Shiba Inu (SHIB) reach $1.
Massive SHIB withdrawal: Shiba Inu balances on Binance fell by 1.101 trillion tokens in a single month, decreasing from 53.547 trillion in May to 52.445 trillion in June. Migration toward major cryptocurrencies: User deposits in Bitcoin increased by 4.26% (+25,838 BTC) and Ethereum deposits rebounded by 10.17% (+382,619 ETH).
Rakuten Wallet said that it launched a Photo Contest 2026 campaign tied to dog photo submissions. The campaign offers Shiba Inu (SHIB) and Dogecoin (DOGE) rewards, making meme-token payouts part of a user-generated photo promotion.
Cryptocurrency exchange Binance published its 43rd Proof of Reserves report, which recorded a major restructuring of users' portfolios. One of the main surprises, however, was the massive reduction in positions in the Shiba Inu (SHIB) coin.
Shiba Inu's (CRYPTO: SHIB) official X account highlighted on Wednesday the approval of a new exchange-traded fund that could hold SHIB, signaling growing institutional recognition for the memecoin. SHIB Achieves Regulated Entry In Wall Street The SEC approved the T.
One of Shiba Inu's most significant psychological levels is being tested once more. SHIB briefly fell below $0.000005 following a steep selloff earlier this month, but buyers intervened and drove the asset back toward the level.
Rakuten Wallet launches a dog photo contest that rewards selected users with SHIB and DOGE, extending meme coins into consumer engagement.
Japanese crypto exchange Rakuten Wallet has launched its "Photo Contest 2026" campaign, under which it will distribute Shiba Inu (SHIB) and Dogecoin (DOGE) tokens among its 44 million users for posting dog photos on X. The corporation will select 11 winners, each of whom will receive 11,111,111 SHIB, worth about 10,000 yen, while the grand prize winner will receive 1,111 DOGE, worth about 18,000 yen.
Shiba Inu saw a golden cross signal on its short-term price chart, with the market now watching whether this might be a trap or a setup.
Just about two days after Shiba Inu saw a rapid price rally, the asset is back to trading in a downside trajectory as its exchange activity signals rising sell pressure.
After a violent selloff, Shiba Inu is beginning to recover, but whale activity indicates that the rally may encounter strong opposition.