Shiba Inu news

Prominent crypto trader James Wynn has publicly dismissed Shiba Inu (SHIB), calling it a developer cash grab and predicting no comeback. On the same day, large holders moved 1.04 trillion SHIB to exchanges, causing an 8% price drop to $0.0000041. Exchange reserves spiked to 80.5 trillion tokens, reversing months of outflows. Approximately 87% of SHIB holders are currently at a loss, and the token has fallen 26% in the past month and nearly 65% over the past year. Earlier in 2026, whale balances rose by 28.5% despite price declines, suggesting accumulation. However, the recent surge in exchange deposits may signal a shift in sentiment, with traders watching for further distribution.

T. Rowe Price, managing $1.8 trillion, filed an amended S‑1 to launch the Price Active Crypto ETF. The fund would hold a broad roster of digital assets – including bitcoin, ether, dogecoin, shiba inu and others – but maintain only five to fifteen tokens at a time under an active‑management strategy. Portfolios will be rebalanced with quantitative models targeting outperformance of the FTSE US Listed Crypto Index. Anchorage Digital Bank will act as custodian; the ETF will initially use cash subscriptions and may later permit in‑kind trades and staking, subject to risk and regulatory review.

Vitalik Buterin said the Future of Life Institute (FLI) used the $500 million he donated in SHIB in 2021 in ways that diverged from the technical roadmap originally presented, shifting toward cultural and political advocacy. He noted FLI liquidated the full amount, far exceeding his $10‑25 million cash‑out expectation, and warned that large‑scale political action with such funds could produce authoritarian or fragile outcomes, while acknowledging recent positive steps such as a “pro‑human AI” declaration.

Vitalik Buterin announced he is no longer closely aligned with the Future of Life Institute (FLI), which received SHIB tokens from him in 2021. He said the institute originally offered a broad roadmap for reducing existential risks but later shifted to cultural and political advocacy on AI, a direction he finds materially different. Buterin warned that large‑scale coordinated political action with big money can create unintended, authoritarian outcomes and questioned the robustness of FLI’s AI and biosynthesis safeguards. He also disclosed the institute cashed out roughly $500 million from the SHIB donation, far above his $10‑25 million expectation.

Coinbase Markets announced it will launch 24/7 trading for futures on a range of altcoins including SHIB, BCH, DOGE, ADA, AVAX, LINK, DOT, HBAR, LTC, XLM, and SUI, starting Dec. 5. The move expands the platform’s regulated derivatives offering, which already includes BTC, ETH, SOL, and XRP. Coinbase also plans U.S. perpetual‑style futures for the same altcoins, settling on a five‑year expiry, to give U.S. traders a compliant, institution‑friendly alternative to offshore futures markets.

Coinbase's CFTC-regulated derivatives arm plans to launch 24/7 trading and "perp-style" futures for nearly a dozen altcoins.

SHIB fell more than 5 % in the last 24 hours, dropping to $0.00000951 as Bitcoin slid below its 200‑day simple moving average, reflecting a broader risk‑off sentiment. The meme token, the world’s second‑largest by market value, closed near key support and its decline followed the October downside exhaustion. The fall coincided with a sharp sell‑off in Bitcoin, though Bitcoin’s relative resilience remains intact. Token burning accelerated with over 1 million SHIB removed in recent sessions; weekly burn metrics jumped 139 % even as daily burns fell 86 %. Despite the deflationary push, trading volume spiked to 619.8 billion tokens, with resistance at $0.00001021 holding while sellers pushed through multiple support zones. Technicals showed a sharp intraday rebound to $0.00000971, but whale selling of more than 40 billion tokens to major exchanges weighed on sentiment. Key technical levels include support at $0.00000955‑$0.00000970 and resistance at $0.00001021. The recent 1.46 % intraday gain lifted price above $0.00000969, targeting $0.00000975‑$0.00000980, yet the overall trend remains bearish, with downside risk to the support zone if momentum falters.

Shiba Inu’s Shibarium team announced the restart of its Ethereum bridge after a $4 million exploit that forced an emergency shutdown. Post‑mortem details confirm all validator keys have been rotated, over 100 ecosystem contracts moved to secure wallets, and 4.6 million BONE tokens were recovered from the attacker’s contract. The breach, triggered on Sept. 12 by fake data submitted to the bridge, also involved the attacker staking millions of BONE to meet validation thresholds and draining $4.1 million in ETH, SHIB and other tokens. The team is developing a plan to reimburse affected users and has already reached out to authorities while offering a 50‑ETH bonus for a return of funds. No settlement materialised and the stolen assets have been moved. Following the incident, SHIB fell 13% and BONE lost over 43%. Authorities were contacted, but the attacker remains elusive.

Dogecoin surged about 9% to $0.25, breaking resistance after trading over a billion tokens. Support held at $0.242, resistance near $0.254‑$0.255, with an ascending triangle pattern and ETF speculation cited as a catalyst. Shiba Inu rose 6% as exchange balances fell to two‑year lows, hinting at institutional buying and a supply squeeze that could drive meme‑coin rotation further if ETF hopes remain.

Shiba Inu’s Shibarium layer‑2 platform lost roughly $2.4 million when attackers absorbed validator signing keys, triggering a flash‑loan hack. In response, the protocol’s DeFi arm, K9 Finance, offered a 5‑ether ($23,000) bounty to the perpetrator, issuing a 30‑day on‑chain offer that will start to decay after seven days. K9 Finance’s on‑chain message emphasized that settlement is atomic: once “accept()” is called, the deal cannot be cancelled. Shibarium developers have paused stake and unstake functions, moved stake‑manager funds to a hardware wallet controlled by a multisig, and are working with security firms Hexens, Seal 911 and PeckShield to investigate. Token prices fell sharply: KNINE dropped about 10 %, BONE plunged 38 %, and SHIB slipped modestly amid the incident. A separate, smaller hack earlier in the week drained $1.35 million from THORChain co‑founder John‑Paul Thorbjornsen through a Telegram scam.