Shiba Inu news

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.

On September 13, Shiba Inu revealed a flash‑loan exploit on Shibarium’s bridge that siphoned roughly 4.6 million BONE—about $1 million—by hijacking validator keys. Investigators traced the attacker’s temporary BONE stake to grant majority voting power, allowing a malicious state that was repaid from bridge funds. Beyond BONE, the theft involved 224.57 ETH and 92.6 billion SHIB, while about 216 ETH settled the loan. Developers froze the remaining BONE, suspended staking, and moved stake‑manager assets to a hardware wallet guarded by a six‑of‑nine multisig. The breach coincided with a ShibaSwap update adding Polygon, Arbitrum, Base and other chains, positioning it as a multi‑chain liquidity platform ahead of deeper Shibarium integration. Lucie, a Shiba Inu ecosystem lead, said the upgrade strengthens the platform’s financial infrastructure while reinforcing community culture.

Shiba Inu has pushed its price close to the one‑month high of $0.00001408, following a steep weekly rally. Exchange‑held balances, however, soared to a 30‑day high of 156.47 trillion on September 11, indicating that holders are relocating tokens to centralized platforms for quick sales. Nansen data shows whale holdings—wallets with more than $1 million worth of SHIB—has fallen 6 % over the past week, a bearish sign that large investors are distributing rather than accumulating. These on‑chain red flags suggest rising selling pressure could blunt the current uptrend. If the trend continues, analysts warn the price may retreat toward roughly $0.00001187. A shift in buy‑side demand could still see Shiba rebounding to its monthly peak.

Shiba Inu’s price has climbed 7.2% over the last week, sparking speculation of a breakout, but on‑chain signals suggest looming selling pressure as 44 % of addresses are now in profit and almost 1.6‑trillion SHIB have flipped from withdrawals to deposits on exchanges. The daily chart sits inside a neutral symmetrical triangle, so a brief close above $0.00001320 alone does not guarantee bullish momentum. Hidden bearish divergence—price making a lower high while the RSI forms a higher high—indicates that a pullback could occur even after breaching resistance. For the breakout to hold, Shiba Inu would need to move past $0.00001351 to override the divergence; otherwise the rally risks becoming a bull trap, with a potential retreat to support around $0.00001267 or even deeper to $0.00001181, confirming a failed attempt.

Shiba Inu’s price rose 6.69 % last week to $0.00001291, approaching a three‑week high and testing a key support level near $0.00001285. The rally’s momentum is threatened by heavy selling from long‑term holders, as on‑chain age‑consumed data hit a three‑month peak. In the past five days, more than 906 billion tokens—worth roughly $11.6 million—have flowed into exchanges for sale. This sustained outflow signals growing caution, as long‑term investors aim to lock in profits after the recent surge. If the $0.00001285 support fails, the coin could slide toward 0.00001252 or even 0.00001182, erasing gains. Conversely, holding the support could trigger a rebound, potentially moving SHIB to about $0.00001391 and restoring bullish sentiment.

Shiba Inu surged to a 15‑day high, reigniting interest among long‑term holders. On‑chain data from Santiment shows the age‑consumed metric hit a three‑month peak of 2,715.48 trillion, implying seasoned investors are pulling their coins out to cash in. A persistently negative price‑Daily Active Addresses divergence of –62.63 indicates that network activity has not kept pace with the price rise, warning that the rally may be fragile. At 0.00001294, SHIB sits above its $0.00001187 support, but continued selling could break to $0.00001004 and deepen the drop. Conversely, if demand strengthens and momentum consolidates, the token could swing to $0.00001408 on exchange hands, suggesting a cautious bullish stance amid fragile fundamentals.

Shiba Inu (SHIB) currently trades at about $0.00001282, rising 4 % in the past week and 2 % in the last day while its three‑month gain sits near 3 %. On September 5, whales added roughly 11.3 trillion tokens—a $135 million purchase—only to offload about 2 trillion in the same week, a net sell‑off of nearly $25 million that caused the price to stall after a brief climb to $0.00001248. The percentage of SHIB in profit jumped from 20.9 % to 29.6 % between September 4 and 8, the highest in two weeks, confirming that both retail and whale traders are locking in gains. SHIB remains above its ascending‑triangle breakout threshold at $0.00001253, with key resistance points at $0.00001352 and $0.00001473 and a decisive move above $0.00001597 needed for a stronger rally. A break below $0.00001203 would expose the token to deeper losses if whales continue to clear their September 5 positions. The Money Flow Index has recently climbed to a new high, hinting at a modest resurgence of dip buying, but the measure still falls short of the late‑July peak required for convincing momentum.

Shiba Inu has remained in a narrow range for the past month, trading between resistance at $0.00001408 and support near $0.00001187, according to TradingView charts. Despite the flat price action, on‑chain data shows a strengthening hold‑rate, with 96.68 % of addresses keeping a SHIB balance over consecutive 30‑day periods per Glassnode. The total amount of SHIB on exchange wallets has fallen 0.31 % in the last two weeks, indicating fewer tokens available for short‑term selling as holders move assets into self‑custody. This reduced selling pressure could enable the coin to break out of its range toward $0.00001503. Conversely, a loss of bullish momentum might push the price below support at $0.00001187, potentially falling to about $0.000010004. The current conditions suggest that long‑term conviction remains strong while volatility stays relatively contained.

Despite a flat crypto market that has seen its $4 trillion cap drop 3.5 % and widespread weakness, on‑chain data indicates that smart‑money wallets are quietly accumulating in three altcoins. Shiba Inu smart‑money holdings rose 9.3 % and the top 100 addresses added 152 billion tokens while exchange balances fell 1.1 trillion, pushing the token near a 4‑hour resistance of $0.00001244 with upside at $0.00001273. Uniswap’s UNI saw a 6.5 % rise in smart‑money ownership and added whales on the buy‑side; the 4‑hour chart shows a bullish trendline around $9.77 with resistance at $9.90 and a test at $10.20. Lido DAO’s LDO increased by 2.4 % in smart‑money hands against a 13.5 % whale sell‑off, netting roughly $4.7 million in buying pressure and breaking a descending triangle with resistance near $1.29. Analysts view the moves as early bets on September rate cuts and a potential DeFi rally.

Shiba Inu dropped roughly 2% today, staying range‑bound since early August amid a cautious market. On‑chain data from Coinglass shows a cluster of leveraged positions and liquidity just above the current $0.0000122 level, hinting at possible buying support. Santiment’s Net Unrealized Profit/Loss metric remains negative across the network, meaning many holders are sitting on unrealized losses and are unlikely to sell quickly. Together, these signals suggest that a coordinated buying wave could push the meme coin past the $0.0000129 resistance, potentially moving toward $0.0000138. However, if demand fades, traders may trigger liquidations, pushing the price below the $0.0000167 ceiling and amplifying downside risk. The combined technical and on‑chain indicators imply that while Shiba Inu may experience a short‑term bounce, broader market uncertainty could still restrain momentum.