Shiba INU

Bitcoin traded close to flat near $64,484 while Ether edged higher to $1,880, leaving the broader crypto market without a clear directional signal. ETF flows, Bitcoin dominance near 58.6%, and a sharp split between Monero and Zcash are keeping traders focused on whether the market is consolidating or distributing.

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.

DOGE and SHIB have lost ground as institutional participation reshapes crypto market flows around bitcoin and other major sectors. The two leading memecoins now represent just 1.02% of bitcoin’s market value, a record low ratio that highlights the fading force of the 2021 meme-token boom.

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.

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.