Shiba Inu is currently experiencing a period of quiet but steady movement as the broader cryptocurrency market works towards a gradual recovery. The price action remains compressed within the range of $0.0000085 to $0.000009, establishing a stable zone while traders await a clearer shift in market sentiment. Despite this calm trading on charts, several ecosystem updates indicate that the project is actively focusing on its long-term development and progress.
Key Developments
- •SHIB is trading stably between $0.0000085 and $0.000009 as the market recovers, with investors observing shifts in overall sentiment.
- •Shibarium has bolstered confidence by successfully tracking the bridge hacker involved in a past incident and is preparing a significant privacy upgrade scheduled for 2026.
- •Coinbase is set to launch SHIB futures on December 12, which is expected to introduce new liquidity and attract interest from larger market participants.
- •Whale accumulation has increased, with over 45 billion SHIB tokens being withdrawn from exchanges, while a notable spike in on-chain volume is keeping transaction data under close scrutiny.
Shiba Inu Gains Stability Following Shibarium's Successful Tracking of Bridge Hacker
Recent developments from the Shibarium ecosystem have helped restore confidence within the community. The team has confirmed that the bridge hacker responsible for a past incident has been fully traced. This case has now been officially handed over to the FBI and Interpol, and the movement of the stolen funds is being actively monitored through KuCoin.
Additionally, an RPC upgrade was successfully rolled out after a brief reindexing period, returning operations to normal. Shibarium's confirmed privacy upgrade, which is planned for 2026, represents another key milestone. This upgrade is anticipated to further strengthen SHIB's underlying fundamentals as the ecosystem continues to mature.
Market data currently indicates a mixed sentiment for the memecoin, characterized by a combination of caution and sustained long-term interest. The prevailing price sentiment remains bearish, with the fear-and-greed index reflecting extreme fear among traders.
Over the past year, SHIB has underperformed most major cryptocurrency assets and is still trading significantly below its all-time high, down by 90%. Furthermore, the memecoin is currently priced below its 200-day moving average, which is often interpreted as a sign of potential downside pressure. Nevertheless, analysts suggest that a shift in market structure could emerge as new potential catalysts begin to appear.
SHIB Prepares for Key Catalyst as Coinbase Futures Launch on December 12
One of the most significant near-term drivers for Shiba Inu is the upcoming launch of SHIB futures on Coinbase, scheduled for December 12. The introduction of futures trading typically enhances liquidity and can attract increased institutional trading activity, providing the asset with an opportunity to break out of its current tight trading range. Preliminary discussions regarding a potential SHIB Exchange-Traded Fund (ETF) also present another avenue for future market access, although these conversations remain speculative at this time.
The behavior of large holders continues to exert a notable influence on market flow. On-chain data reveals that more than 45 billion SHIB tokens have been moved off exchanges, with significant whale activity showing approximately $35 million worth of tokens being transferred into private wallets. This trend suggests that more stable hands are consolidating their control over the supply during this period of low volatility.
To summarize the current market landscape, several key points are particularly noteworthy:
- •SHIB is trading within a stable price range characterized by low volatility.
- •Shibarium's recent security actions have contributed to rebuilding community confidence.
- •The upcoming launch of futures on Coinbase is expected to introduce a new source of market liquidity.
- •Whale investors are continuing to accumulate SHIB tokens and move them away from exchanges.
- •Early discussions about a potential ETF are adding a speculative element for the longer term.
Analyst Javon Marks has indicated that there is potential for a significant price increase, projecting a move towards $0.000032 if momentum builds around these ongoing developments. If this prediction were to materialize, it would represent gains exceeding 200% from current trading levels.
A sudden and substantial spike in 24-hour trading volume, reaching 23.561 billion SHIB, has also generated questions within the community, particularly as this large transfer did not align with corresponding movements in exchange reserves or price action. While experts acknowledge that whale activity is a common occurrence for SHIB, this particular surge in volume is considered unusual and keeps on-chain data under close observation.