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Crypto
Shiba Inu eyes top 25 by market cap as 39 percent rebound scenario draws attention
On-chain indicators show 94.49 percent of Shiba Inu (SHIB) circulating supply is concentrated in 707 large wallets. If the concentration reflects liquidity leaving exchanges, price rebounds could be amplified when large buy orders enter, as less supply is immediately tradable. Etherscan data put major holders’ SHIB at about $2.36 billion. Technical signals on TradingView also suggest a possible rebound, with a 39 percent rise cited toward the 200-day EMA.
Crypto
Shiba Inu developer absence drags SHIB toward market cap top-30 exit
Shiba Inu\'s flagship token SHIB is at risk of falling out of the top 30 cryptocurrencies by market capitalisation, with its rank slipping to 29 amid a weak market. Lead developer Shytoshi Kusama has been inactive on X for more than a month, with no posts or reactions since May 13. Some investors question whether his focus on an R. OS application is shifting priorities away from SHIB’s ecosystem.
Crypto
Western Union\'s USDPT supported for trading on Bybit, expanding stablecoin strategy
Crypto exchange Bybit has begun supporting Western Union’s dollar-pegged stablecoin USDPT. The link marks USDPT’s first entry into a major crypto exchange and expands its use beyond payments to trading and transfers. The companies said USDPT can now be held, traded and sent on Bybit. USDPT was launched in May, issued by Western Union Digital with reserves held at Anchorage Digital Bank, and initially issued on Solana.