Shiba Inu

Shiba Inu (SHIB) has closed above its 20-week moving average for the first time since September 2025, ending an 11-month downtrend, after Japan approved a Nomura-backed exchange to list the token. The token now trades at $0.00000528, down 4.27% in 24 hours, as it retests the breakout. Japan's Financial Services Agency registered Laser Digital Japan, a subsidiary of Nomura's digital assets arm, as a crypto asset exchange service provider, marking the first new exchange approval in the country in four years. SHIB is one of six launch assets, the only meme coin among them, and it joined the Japan Virtual and Crypto Assets Exchange Association Green List in November 2025. Meanwhile, an unidentified wallet withdrew 280.8 billion SHIB from OKX on August 24, worth roughly $1.56 million, and exchange reserves fell to 86.98 trillion tokens. SHIB ranks 31st by market capitalization at $3.11 billion. The weekly chart shows the trend change clearly, with SHIB rejecting the 20-week moving average near $0.00001000 in January and again near $0.00000650 in May, but now closing above it. Structure improved underneath, with a June low near $0.00000405 followed by a higher low near $0.00000445 in early August, and the week of August 17 gained about 25% on heavy volume. However, that candle wicked to roughly $0.00000620, stopping just short of the 0.382 Fibonacci resistance at $0.00000636, a level that has capped every rally since February. The daily chart places SHIB inside an ascending parallel channel, with price tagging the upper band near $0.00000600 on August 21 before reversing. Support at $0.00000531 now matters most, marking the channel midline, the July 26 swing high, and the 20-week moving average at once. Below it sits $0.00000499, and the channel base near $0.00000450. Reclaiming $0.00000553 would open $0.00000600 and then $0.00000636. The relative strength index has cooled to 58, with twin peaks near 77 suggesting momentum did not expand on the second push. Two caveats temper the case: a recent 441% burn rate spike removed only about $230 worth of SHIB, and Shibarium activity remains near 1,180 daily transactions. A team member has teased news from Shytoshi Kusama and Kaal Dhairya before August 31, but neither has confirmed it.

Shiba Inu is witnessing a notable spike in its network activity as the recent broad crypto market resurgence has sparked a fresh wave of interest and market participation across all major crypto assets.

Shiba Inu has officially been recognized as a major financial vehicle in Japan, one of Asia's strictest markets. Local crypto company Laser Digital Japan, the digital arm of one of Japan's largest investment holding companies, has received regulatory approval and included SHIB in its exclusive list of six approved cryptocurrencies.

Shiba Inu is back on track to reclaim the $0.000005 zone after multiple weeks of trading below this price level following the extensive market downturn. The recovery is being driven by a netflow of 207 billion SHIB tokens, signaling renewed investor interest and accumulation. This shift in token movement suggests that holders are moving assets off exchanges, reducing sell pressure and supporting a potential price rebound. The development marks a notable turnaround for the meme coin, which had struggled to maintain momentum during the broader crypto sell-off.

Robinhood is expanding its cryptocurrency offering in the United Kingdom through the Bitstamp exchange, bringing more than 50 digital assets to its investment app. The expansion allows UK investors to trade tokens such as XRP and SHIB for the first time on the platform. The move marks a significant broadening of Robinhood's crypto services in the region.

Mercari has announced its consolidated results for the fiscal year ending June 2026. Trading revenue at subsidiary Melcoin's crypto asset business came to 1.573 billion yen, down from 1.705 billion yen the previous year. Meanwhile, the number of crypto asset trading accounts reached 4 million as of March 31, 2026, representing roughly 30% of the approximately 14.44 million accounts nationwide according to JVCEA statistics. On the service front, a tie-up with Coincheck began on June 8, 2026, enabling trading of a total of 12 tokens, including Shiba Inu and Dogecoin, within the Mercari app. For the fiscal year ending June 2027, the company aims to further expand the lineup of supported tokens and improve trading convenience through partnerships.

Dubai Duty Free has begun accepting Shiba Inu token for payments, marking the first time the popular meme cryptocurrency can be used for crypto-to-fiat transactions in duty-free shopping. The move follows the earlier introduction of cryptocurrency payments for airline tickets in the UAE, further embedding SHIB into the region's real economy. No additional details on transaction volumes or technical partners were immediately provided.

The Shiba Inu burn rate jumped 405.21% in the past 24 hours, with 124,023,282 SHIB tokens permanently removed from circulation. The data was reported by Shibburn, a tracker that monitors SHIB burns, in an hourly update.

Shiba Inu is on track for its first positive monthly close since April, having risen 11% so far in July after declines in May and June. The token’s surprise rally could end a two-month losing streak as the month draws to a close.

A total of 2.96 billion SHIB tokens were burned in the last seven days, marking the biggest weekly burn of the year. The latest figure represents a notable increase in SHIB tokens burned compared to recent weeks, according to data from the Shibburn website.

Customers of Dubai-headquartered Emirates Airlines can now book flights via its website and mobile app using cryptocurrencies. The airline has added support for Shiba Inu and 29 other digital assets as payment options, marking a significant expansion of crypto adoption in the travel industry.

The Shiba Inu team has explicitly stated that the experiment will continue as the token approaches its sixth anniversary. The announcement comes amid a surge in the token's price, though specific figures were not disclosed. The team's message reinforces their long-term commitment to the project.

The meme coin SHIB jumped nearly 30% over the weekend amid a broader cryptocurrency market recovery, as investors look ahead to next week's FOMC meeting and PCE index to gauge the direction of US interest rates.

A large Shiba Inu investor has broken an eight-month silence to begin quietly and systematically buying SHIB tokens on Binance, according to on-chain data from Arkham. The maneuver is not significant in quantity terms but is notable as a trend in itself. The whale had been inactive for eight months before resuming accumulation.

Shiba Inu recorded a net outflow of 145 million tokens from exchanges, a development that analysts view as a bullish signal. The token’s price declined over the past 24 hours, but the exchange activity suggests investors are moving holdings to private wallets, reducing immediate sell pressure. The netflow figure indicates that withdrawals exceeded deposits by 145 million SHIB during the period. This divergence between price action and on-chain flows often precedes a potential trend reversal.

Seven out of ten key on-chain indicators for Shiba Inu are currently bullish, even as the token trades near local lows after failing to sustain multiple recovery attempts. The metrics suggest that underlying network activity may be improving despite the poor price performance.

Shiba Inu's layer-2 network Shibarium recorded a 216% increase in daily transactions heading into the weekend, sparking optimism after a period of stagnation. The surge marks a notable uptick in activity on the network, though specific transaction counts were not disclosed. The development has raised questions about whether this signals a turning point for Shibarium's adoption.

Shiba Inu's daily burn rate has surged 140%, with 6.75 million tokens sent to dead wallets in the last 24 hours. This continues SHIB's deflationary momentum, which has seen a total of 410,840,395,512,922 Shiba Inu tokens permanently removed from circulation by being sent to a null address where they cannot be retrieved or used.

Shiba Inu's exchange reserves have fallen by about 1.4 trillion SHIB in just ten days, signaling a notable shift in exchange-related activity. On-chain data reveals that total exchange reserves declined to 86.48 trillion SHIB, continuing a trend observed throughout July.

Japan's latest crypto push could benefit Shiba Inu, according to community veteran Mazrael. The reforms are expected to open new doors for the meme coin. Details of the specific regulatory changes were not immediately provided. The development marks a potential positive shift for SHIB in the Japanese market.

Shiba Inu is flashing a bullish signal as 124 billion SHIB tokens exit exchanges, indicating renewed demand amid a broader crypto market recovery. The massive outflow suggests investors are moving tokens to private wallets, reducing sell pressure and potentially setting the stage for a price rally. This development comes as bulls appear to be taking over the market, with momentum building across digital assets.

Shiba Inu has completed a golden cross on its short-term price charts, a technical pattern that often signals a potential bullish shift. The crossover occurred as the short-term moving average moved above a longer-term moving average, suggesting improving momentum. Market participants may now view this as a cue to monitor the token more closely.

An analysis of Shiba Inu suggests that a relatively small amount of capital could potentially result in an outsized price reaction, with $350 million possibly enough for a 700% upside scenario. The exchange reserve value of SHIB is close to $374.3 million, and the exchange reserve is approximately 87.02 trillion tokens, according to on-chain data.

Shiba Inu has re-entered the top 30 cryptocurrencies by market capitalization, driven by coordinated buying from large-capital investors. Exchange reserves of SHIB have plunged to 87.18 trillion coins, signaling a shift from panic selling to quiet accumulation by whales. The move comes despite a heavy downtrend in the last week of June, with large holders managing to halt the sell-off and push the token back into the top ranks.