Overview
- SHIB hovered near $0.000010 with sharp volatility after a late‑week crypto selloff tied to Fed signals on limited easing.
- Shibarium activity fell about 82% and daily token burns dropped to roughly 2.57 million SHIB on Oct. 31, underscoring weakening utility.
- Whales offloaded more than 114 billion tokens over the past three weeks, adding supply pressure and weighing on sentiment.
- T. Rowe Price filed for a U.S. crypto ETF that includes SHIB among potential holdings, while one tracker logged a 1,993% burn spike removing over 10 million tokens.
- Charts still point lower with a descending triangle and breaks below key moving averages, and reports cite compromised ShibaSwap signer keys with losses near $2.8 million.