Overview

• Folks Finance listed SHIB as its first memecoin for lending and borrowing across multiple blockchains, with cross‑chain transfers enabled by Chainlink’s CCIP.
• Folks Finance launched depositor incentives to jump‑start participation in the new cross‑chain lending markets.
• SHIB trades around $0.0000122–$0.0000125 today with a market cap near $7.2–$7.4 billion, roughly 41–42% lower year to date, while one outlet noted a 3% drop on Thursday.
• Analysts highlighted bullish setups, with Jonathan Carter citing a confirmed descending‑channel breakout and Javon Marks outlining scenarios targeting ~163% to 570% gains if momentum builds.
• On‑chain signals are mixed, with burn‑rate spikes reported at vastly different magnitudes by trackers and Santiment estimating about 62.3% of supply in the top ten wallets.