Crypto's favorite dog arrives on Robinhood for a seamless regulated trading experience.
Rejuvenating in chain fees & transactions, Shiba Inu's native Layer-2 network defies the broader DeFi dive.
Although Shiba Inu's futures net flow increased spectacularly by 3,402% for a brief period of time, the four-digit percentage is much less dramatic than it first seems. Rather than thousands of percent more capital abruptly entering SHIB derivatives, the move reflects how the metric is calculated.
Shiba Inu is regaining momentum across both its spot and derivatives markets as market sentiment on the leading meme token appears to be flipping bullish again.
Following its late-July volatility spike, Shiba Inu is making another attempt at recovery, with SHIB rising nearly 2% on the daily candle to about $0.00000471. The move keeps the psychologically significant $0.000005 level within striking distance and places the token back above its shortest moving average, but there is still significant resistance directly overhead.
Despite a significant spike in volatility in late July, Shiba Inu is still trading within a dominant downtrend. As of right now, SHIB is trading close to $0.00000462; a convincing structural reversal has not been established despite the recent rebound.
In a recent hourly update, Shibburn reports that a total of 10,684,707 SHIB were burned in the last 24 hours, with the daily burn rate surging 439.79%. This marked an increase from the previous day, causing the burn rate to increase more than 3x.
With 87.5 trillion tokens of SHIB held on trading platforms, Shiba Inu is entering a new stage of its exchange activity. Exchange reserves are 87.5252 trillion SHIB according to the most recent on-chain data, a decrease of 0.18% over the previous day.
Just as Shiba Inu's attempt at recovery seemed to be gaining momentum, it has experienced yet another setback. Exchange net outflows fell by 522 billion SHIB over the past 24 hours, according to on-chain data, which represents a dramatic reversal from the accumulation trend observed earlier this week.
The legacy domain shibatoken.com was updated on April 17, 2026, and currently displays a suspension notice. The legacy domain was registered three days after the token's launch in August 2020 and is paid for until 2027. The official portal for centralized access to the ecosystem, including ShibaSwap and Shibarium, remains operational at shib.io.
The technical indicators on the 1-day timeframe remained bullish, so why is SHIB sliding lower so quickly in the past 48 hours?