Overview
- SHIB trades near $0.000010 after a brief bounce, down roughly 50% for 2025 and now outside the top 20 by market capitalization.
- Burn data are split, with one report showing a 1,224% 24-hour surge removing about 920,761 SHIB and another citing a 99% plunge to 69,530 tokens.
- Coinglass metrics show open interest and daily trading volume near 2025 lows, a pattern some analysts note has preceded prior bottoms for SHIB.
- Ecosystem updates include a relaunched BONE plasma bridge and a LEASH v2 contract migration, even as Shibarium TVL fell about 43% to under $1 million and daily fees sit below $10.
- Whale flows remain contested, with reports of both net selling and accumulation, while holder wallets reached about 1.54 million and exchange reserves rose by 56.6 billion SHIB in 24 hours.