Shiba Inu
Why Shiba Inu is down 4.3% today
Analysis
Shiba Inu (SHIB) fell 4.3% over the past 24 hours as tokenomics-related sentiment weakened after U.Today reported that only about $11 worth of SHIB was burned in the last day, with the burn rate remaining negative—reducing the deflationary narrative that often supports the meme coin. While CoinGape noted SHIB perps trading going live on Kalshi, that listing news didn’t translate into immediate upside and may have coincided with risk-off positioning.
Contributing Factors (3)
Just $11 in SHIB Burned in 24 Hours as Shiba Inu Burn Rate Stays in Red
Shiba Inu burn rate was down across nearly all timeframes, with the market now paying attention.
Breaking: Zcash (ZEC), NEAR, SHIB, & DOGE Perps Trading Go Live on Kalshi
Kalshi prediction market has expanded its perpetual futures trading offering to include Zcash (ZEC) and Near Protocol (NEAR). The platform shows perpetual contracts for altcoins such as Dogecoin (DOGE...
Japan's E-Commerce Giant Rakuten to Give Away Physical Shiba Inu (SHIB) Coins to 44 Million Users
Rakuten Wallet is launching physical Shiba Inu (SHIB) souvenir coins for its 44 million users to boost offline retail engagement.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.