Shiba Inu News Today: Rakuten Giveaway Sparks SHIB Price Rally
Shiba Inu News Today: SHIB Giveaway and Burn Activity Explained
Shiba Inu news today is buzzing for two very different reasons, and both are worth your attention if you hold the coin. The price is climbing, a Japanese exchange is handing out free physical coins, and the burn rate just fell off a cliff.
So what’s really moving the market, and where could SHIB head next?
Key Takeaways
- SHIB trades at $0.000005152, up 3.5% in a day, with a $3.033 billion market cap, as per CoinGecko.
- Japanese exchange Rakuten Wallet will give away physical coins at a Tokyo-area seminar on November 3.
- Daily burns crashed by over 100% to 10,057,108 tokens, even though total burned supply has now passed 41%.
Why Is Shiba Inu Price Up Today?
Shiba Inu news today starts with the numbers. According to CoinGecko data, SHIB coin price today sits at $0.000005152, up 3.5% over the past 24 hours. The token moved from $0.00000491 to its current level in a single day. Trading volume hit $53.041 million in 24 hours, while market cap stands at $3.033 billion.
Source: Coingecko Data
That daily jump looks strong on its own. But zoom out a week, and SHIB is still down 3.5% over that period. So this is a short, sharp bounce, not a full trend reversal yet. That split between the daily gain and the weekly drop tells you traders are reacting to fresh news, not a sustained rally.
SHIB Coin Giveaway: Rakuten Wallet’s Free Coin Plan
Here’s the biggest driver behind today’s move. Rakuten Wallet, a Japanese crypto exchange, posted on X that it will run a coin giveaway at an investment seminar in Japan this November. The event lands on November 3, a public holiday in Japan.
Source: X Post
Rakuten said its Senior Analyst, Yasuo Matsuda, will speak at the seminar hosted by Rakuten Securities, following a similar appearance in October. Rakuten Wallet will run a booth at the event where attendees can collect their memecoin.
The rule is simple: show Rakuten Wallet staff your SHIB holdings on the Rakuten Wallet app screen, and you get a physical coin. No exceptions, according to the exchange.
These aren’t digital tokens. They’re physical metal souvenir coins, first launched in July 2026 using sandblasting technology, known as a blast finish. It was the first coin of its kind. The coin carries zero technical link to the blockchain itself; it’s a collectible, not a wallet-transferable asset.
Rakuten already handed these out at its Fukuoka event and planned repeat giveaways in Sapporo and Osaka this October. The exchange added SHIB memecoin to its platform back in April, and this giveaway run shows it’s sticking with the token.
SHIB Burn Activity: Why The Rate Dropped So Fast
While the giveaway lifts sentiment, the burn side tells a cooler story. Per Shibburns data, SHIB coin burn activity dropped by more than 100% in 24 hours, with only 10,057,108 coins burned. Over a week, burn activity fell 51.01%, a sharp slowdown that’s putting pressure on Shiba Inu news today.
Source: Shibburn Data
| Burn Metric | Figure |
|---|---|
| Total Burned (All Time) | 410,844,957,633,230 coins |
| Total Burned (USD) | $7,358,063,617 |
| Burn Transactions | 21,904 |
| Supply Burned | 41.08% |
| Supply Remaining | 58.92% |
Fewer coins leaving circulation daily means less upward pressure from scarcity, at least for now. A rally built mostly on a giveaway, without strong burn support, could cool off fast if new catalysts don’t show up.
What Next For Shiba Inu?
Two events will shape SHIB’s next move. First, the Rakuten giveaway runs through November, and continued coverage could keep bringing new eyes to the coin. Second, the Federal Reserve meeting on October 28 could shift risk appetite across crypto broadly, SHIB included. Combine a weak burn rate with a major macro event, and volatility looks likely either way.
Expert Opinion: Market analysts note that Shiba Inu news today leans heavily on a single exchange promotion rather than on-chain fundamentals. The sharp drop in burn activity, down over 100% daily and 51.01% weekly, suggests the deflationary push behind it has weakened this week.
Analysts suggest that unless burn activity picks back up or new catalysts emerge around the Rakuten seminar and the Fed decision, the rally could lose steam. Price direction from here may depend on both events landing as expected.
YMYL Disclaimer: This content is for informational purposes only and does not constitute financial, investment, trading or legal advice. Cryptocurrency markets are highly volatile, and prices can rise or fall sharply without warning. Data referenced here comes from CoinGecko, Shibburns and Rakuten Wallet’s public statements, and figures may change after publication. Always do your own research and consult a licensed financial advisor before making any investment decision.
