Shib

Shiba Inu jumped to about $0.0000057 on Sunday, adding roughly $1 billion in market value despite no obvious fundamental catalyst. South Korean trading on Upbit stood out as the key feature of the move, while short liquidations appeared to follow the rally rather than spark it.

Shiba Inu is trading under pressure after losing momentum near the $0.000005 area, with the token down roughly 1.5% over the past 24 hours. Technical traders are watching the $0.00000494 pivot, nearby moving averages, and resistance around $0.0000055 for the next directional clue.

Shiba Inu permanently removed 116 million SHIB in a single day, driving burn rate to 112,000%. Despite strong on‑chain growth, the token trades near $0.00001190. Can a technical reversal lift prices?

Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to over $230 million in losses, predominantly in shiba inu (SHIB) and ether (ETH) tokens. Blockchain analytics firm Elliptic has attributed the attack to North Korean hackers.

The expansion of ShibaSwap to the Shibarium blockchain will lead to increased transactions, resulting in a higher burn rate for the SHIB token and a reduction in its circulating supply.

Recent surges in meme coins like DOGE, SHIB, BONK, PEPE, and WIF are fueling speculation about the onset of an altcoin season. Analysts point to potential signs of altcoins outperforming Bitcoin, emphasizing historical patterns and the need for caution in timing the shift. Monitoring Ethereum's breach of the $3,500 threshold is highlighted as a key confirmation signal for the anticipated altcoin season.