Shiba Inu news

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.

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.

A flash‑loan attack on Shiba Inu’s Shibarium validator system drained roughly $2.4 million in ether and SHIB, denting confidence in meme tokens. The hack borrowed 4.6 million BONE to seize validator keys, allowing unauthorized bridge transfers, but the loss was limited by staking rules. Both SHIB and DOGE slipped in the week, with SHIB dropping 4 % to $0.00001359 and DOGE falling 5 % to $0.2736 after a 34 million‑USD transfer to OKX. The CoinDesk Memecoin Index fell 6.6 % while the broader market eased 2.3 %.

A coordinated flash‑loan exploit on Shiba Inu’s Shibarium layer‑2 network enabled an attacker to acquire 4.6 million BONE, seize validator signing keys, and drain assets from the bridge to Ethereum, triggering a temporary halt of staking operations. The Shibarium team paused all stake/unstake functions, moved remaining funds into a 6‑of‑9 multisig‑protected hardware wallet, launched an investigation with security firms and law‑enforcement, and offered a potential bounty if the attacker returns the stolen assets. Following the breach, BONE’s price spiked, rising roughly 40% from the attack moment, while SHIB rose more than 8%.

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’s price climbed 2% to $0.00001312, approaching the 200‑day SMA at $0.00001300 amid a surge in volume to 943 billion tokens, hinting at a breakout. The token’s destruction rate jumped 1,682% as 1.3 m coins were pulled from circulation and Shibarium saw 1.2 m daily transactions. Meanwhile DOGE whales added 10.91 billion DOGE, a near‑four‑year high, feeding optimism ahead of a spot ETF.

Shiba Inu developers announced that the LEASH v2 migration will start in the coming days after Hexens completed a security audit. The move follows a hidden flaw in the original LEASH contract that allowed supply changes via a rebase mechanism, eroding the token's fixed‑supply promise and leading to a 20% supply increase earlier this year. LEASH v2 replaces the flawed contract with an OpenZeppelin‑based ERC‑20 that cannot mint new tokens, and the migration will lock or burn v1 tokens while v2 tokens are released proportionally from a multisig wallet.

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 has lost nearly 12 % of its value this year, with the token sliding 18.1 % over the past month and another 6 % in the last week to around $0.0000123. Whale wallets holding between 100 million and 1 billion SHIB have trimmed their positions, cutting holdings from 17.72 trillion on July 21 to 17.63 trillion by July 28 and falling to 17.33 trillion on August 21—a 300 billion‑SHIB (≈$3.7 million) sell‑off that triggered a 14.29 % drop from $0.000014 to $0.000012. Glassnode’s cost‑basis heatmap shows a strong support cluster at $0.00001212 with 19.99 trillion SHIB, while resistance lies near $0.00001269. SHIB currently trades just above the support level at $0.00001237, and a break below could spark further selling. Conversely, a breakout past $0.00001271 could lift the token toward $0.000014–$0.000015, but that would require renewed whale demand.