A Former French Tax Official, Was Convicted of Leaking Crypto Holder Data
French authorities have confirmed the conviction of a former tax official accused of unlawfully accessing and leaking sensitive data linked to cryptocurrency holders, a case that has triggered renewed concern about the physical safety of digital asset investors across Europe. The official, identified as Ghalia C., previously worked within France’s tax administration and had authorized access to confidential taxpayer databases. Investigators say she abused this access to extract personal and financial information, including the identities, locations, and reported capital gains of individuals suspected of holding cryptocurrencies. Prosecutors argue that this information may have been shared with criminal networks, potentially exposing crypto holders to targeting and intimidation. While no direct attacks on identified investors have been linked to the leaked data, the case has highlighted a growing fear within the crypto community: that government-held financial records could become a roadmap for criminals if internal controls fail. How the Data Was Allegedly Exploited Court findings indicate that Ghalia C. used her position to search for profiles of high-value individuals, including those with declared digital asset gains. The investigation suggests that this information was gathered not for official tax enforcement purposes, but to assist external actors linked to organized crime. She has since been sentenced on multiple charges, including aiding and abetting organized criminal activity. The former official is reportedly appealing the ruling, but French authorities maintain that the evidence shows a clear pattern of abuse of public office. Importantly, investigators have stated that there is no proof she personally planned or carried out physical attacks against cryptocurrency holders. Nonetheless, the nature of the data involved — home addresses, financial disclosures, and asset-related information — has raised alarms about how such leaks could be weaponized. Rising Risks as Crypto Oversight Expands The timing of the case is particularly sensitive. Across Europe, tax agencies are tightening their oversight of cryptocurrency transactions, driven by new reporting frameworks and data-sharing rules aimed at combating tax evasion and money laundering. As more crypto holders are required to disclose holdings and gains, governments are accumulating large volumes of highly sensitive data. Security experts warn that any breach, whether internal or external, could place individuals at risk of robbery, extortion, or worse — especially given the irreversible nature of many crypto transactions. This conviction has reignited calls for stricter internal monitoring of tax officials, stronger audit trails on database access, and harsher penalties for misuse of financial data. A Warning Sign for Crypto Holders For crypto investors, the case serves as a reminder that security risks extend beyond wallets and private keys. Personal data stored within official systems can be just as dangerous in the wrong hands. As authorities continue to increase scrutiny of digital assets, the balance between regulation and personal safety is becoming harder to ignore. This incident suggests that without robust safeguards, tax systems themselves could become an unexpected point of vulnerability for cryptocurrency holders worldwide.
JUST IN: Tether Minted 1 Billion $USDT Today on Tron Network
Tether has kicked off 2026 with a major move in the stablecoin market, minting 1 billion USDT on the Tron network on January 9. The issuance, confirmed by on-chain analytics platforms, marks the first large USDT mint of the year and is already drawing close attention from traders and market watchers. Blockchain tracking account Onchain Lens was among the first to flag the transaction, stating in a post: “Tether has minted $1B $USDT on the #Tron Network. They minted for the first time in 2026.” Shortly after, Arkham Intelligence corroborated the data, identifying the transfer as originating from Tether’s official multisig wallet and moving directly into its treasury wallet on Tron. This structure is significant. Rather than flowing immediately into exchanges or DeFi protocols, the newly created USDT has been placed in Tether’s treasury as part of what the company calls an “authorized mint.” According to Tether CEO Paolo Ardoino, the mint was carried out to replenish inventory, ensuring that liquidity is readily available when demand rises. In practice, this means the stablecoins are now on standby, ready to be deployed quickly to counterparties such as exchanges, market makers, and institutional clients. Key Takeaways What the On-Chain Data Shows The transaction itself reflects a standard operational pattern Tether has used repeatedly in recent years. Funds were minted on-chain and transferred internally, signaling that the tokens are fully backed and approved but not yet circulating freely. Large mints of this nature often precede periods of increased trading activity, as they allow Tether to respond almost instantly when demand for USDT spikes. Historically, similar inventory mints in 2024 and 2025 appeared ahead of heightened activity across Bitcoin and major altcoins. While a mint does not guarantee a price rally, it often suggests that large players are preparing for heavier usage of stablecoin liquidity. Why Tron Remains Tether’s Preferred Network Tron continues to dominate as the primary issuance and settlement layer for USDT. More than 60% of all circulating USDT is currently hosted on the Tron blockchain, making it the most heavily used network for the stablecoin worldwide. Traders and institutions alike favor Tron for its low transaction fees and fast confirmation times, which are critical for high-volume transfers. USDT on Tron is widely used for crypto trading, cross-border payments, remittances, and decentralized finance activity. In regions where traditional banking access is limited or expensive, Tron-based USDT has become a key rail for dollar-denominated transfers. Its efficiency has also made it attractive for arbitrage strategies and rapid capital movement between exchanges. In 2025 alone, Tron processed more than $7 trillion in USDT transfers, underscoring its role as the largest stablecoin settlement network globally. The latest $1 billion mint further reinforces Tron’s position as the backbone of USDT activity. Market Implications of a $1 Billion Mint Large USDT mints tend to influence market sentiment, particularly when they occur during periods of rising interest in crypto assets. Traders typically use USDT as the base currency to enter positions in Bitcoin and altcoins. As a result, an increase in available USDT supply is often interpreted as fresh dry powder waiting to be deployed. That said, the current issuance remains parked in Tether’s treasury. It will only reach the open market when exchanges or liquidity providers request it. This distinction is crucial, as it means there is no immediate increase in circulating supply. Instead, the mint signals readiness rather than action. Still, many market participants view such moves as an early indicator of growing demand. As trading volumes expand and sentiment improves, treasury-held USDT can move quickly into circulation, supporting both spot and derivatives activity. Tether’s Continued Dominance Despite ongoing debates around regulation and competition from newer stablecoins, USDT remains the clear leader in the sector. With total supply now well above $150 billion, Tether accounts for more than 60% of the entire stablecoin market. Nearly every major centralized exchange relies on USDT pairs, and the token is deeply integrated across multiple blockchains. For traders, USDT remains the default unit of account during periods of volatility. Rather than exiting entirely to fiat, many participants rotate into stablecoins, keeping capital on-chain and ready for redeployment. Because of this, changes in USDT supply are closely monitored as signals of shifting liquidity conditions. What To Watch Next The key question following this mint is not whether liquidity has been created, but when and where it will be deployed. Movement from Tether’s treasury to exchanges or DeFi platforms would indicate that demand has materialized. Such flows often coincide with rising trading volumes and increased market momentum. For now, the January 9 mint stands as a strong opening signal for 2026. While prices may not react immediately, the expansion of USDT inventory on Tron suggests that Tether expects sustained on-chain activity in the months ahead. As liquidity begins to move, the broader crypto market is likely to respond.
Cathie Wood Says the US Government May Start Buying BTC to Build a National Reserve
Cathie Wood has reignited debate around Bitcoin’s role in U.S. policy after suggesting that the federal government could soon begin actively purchasing BTC to build a national strategic reserve. Speaking on the Bitcoin Brainstorm podcast, the ARK Invest founder argued that political incentives, market dynamics, and Washington’s growing engagement with digital assets could converge as early as 2026, potentially marking a turning point in sovereign Bitcoin adoption. Wood’s remarks come at a time when crypto policy is no longer a fringe issue in U.S. politics. With digital assets now a visible voting issue and Bitcoin increasingly framed as a strategic commodity, her comments add weight to the idea that the U.S. government may move beyond simply holding seized coins and into the open market. Key Takeaways From Seized Assets to Strategic Accumulation At present, the U.S. government’s Bitcoin holdings consist almost entirely of assets seized through criminal forfeitures. Estimates place those holdings at close to 200,000 BTC, making Washington one of the largest known holders of Bitcoin globally. However, no confirmed open-market purchases have taken place. Wood believes that may change. “It seems as though there has been reticence about actually buying Bitcoin for the strategic reserve,” she said. “So far, it’s confiscated. The original intent was to own a million bitcoins, so I actually think they will start buying.” The figure she referenced—one million BTC—has circulated in policy discussions as a long-term aspiration for a U.S. Strategic Bitcoin Reserve. If realized, it would represent nearly 5% of Bitcoin’s fixed 21 million supply, a scale large enough to materially affect liquidity and price discovery. Unlike private investors, a sovereign buyer would not be driven by short-term profit. That distinction alone, analysts argue, could reshape market psychology around Bitcoin’s scarcity and long-term value. Political Timing and the Midterm Factor Wood tied the likelihood of government purchases to political strategy, particularly as President Donald Trump approaches the midpoint of his second term. According to her, the administration has strong incentives to accelerate crypto-related initiatives ahead of the U.S. midterm elections. “He doesn’t want to be a lame duck,” Wood said. “He wants to have another one or two productive years.” She added that Trump is likely to work closely with his appointed crypto and AI advisors to push through both regulatory changes and asset-related decisions that appeal to pro-crypto voters. Crypto-focused political action committees, industry executives, and retail investors played an increasingly visible role in recent election cycles. Wood argued that this support matters. “Part of the reason he won the presidency, I think, was the crypto community,” she said. She also pointed to the Trump family’s direct exposure to digital assets as another factor shaping policy direction. “Another reason, of course, is his family is all in on Bitcoin and other crypto assets.” Scrutiny Over Compliance With Existing Orders While the idea of future Bitcoin purchases is gaining attention, questions remain over how faithfully the government is following existing directives related to its current holdings. Earlier this year, President Trump signed an executive order instructing federal agencies to stop selling seized Bitcoin and instead preserve those assets for a national reserve. Yet recent reports suggest that some Bitcoin linked to high-profile cases may have been liquidated despite that order. U.S. Senator Cynthia Lummis of Wyoming publicly raised concerns after on-chain data appeared to show seized Bitcoin from the Samurai Wallet case being transferred to a Coinbase Prime account. “Why is the U.S. government still liquidating Bitcoin when POTUS explicitly directed these assets be preserved for our Strategic Bitcoin Reserve?” Lummis wrote. According to asset liquidation documents cited in reporting, more than 57 BTC—worth over $6 million at the time—were transferred to the U.S. Marshals Service before appearing on-chain at an exchange-linked address that later showed a zero balance. The episode has intensified calls for transparency around how federal agencies handle digital assets. Wood’s Long-Term Bitcoin Conviction Remains Intact Despite near-term uncertainty around policy execution, Wood has not wavered in her long-term Bitcoin outlook. ARK Invest continues to maintain a bull-case price target of $1.2 million per BTC, even after adjusting parts of its valuation model. The adjustment came as stablecoins grew faster than ARK initially expected. Wood acknowledged that dollar-pegged tokens have absorbed some use cases previously assigned to Bitcoin, particularly in emerging markets. “Stablecoins are taking on one of the roles we thought that Bitcoin would play,” she said, describing them as an “insurance policy” and a growing buyer of U.S. Treasury securities. As a result, ARK reduced its assumptions around Bitcoin’s role as an emerging-market safe haven. Even so, Wood argued that Bitcoin’s position as “digital gold” has strengthened enough to offset that shift. “Our bull price really hasn’t changed,” she said. “We’re still reiterating long-term bullishness here.” She previously confirmed that ARK trimmed roughly $300,000 from its most optimistic forecast, settling on the $1.2 million figure. What Government Buying Could Mean for Bitcoin’s Price If the U.S. government were to begin buying Bitcoin on the open market, the implications could extend far beyond symbolism. Even modest, incremental purchases would introduce a large, price-insensitive buyer into a market defined by limited supply. Such a move could also influence institutional behavior. Pension funds, sovereign wealth funds, and conservative asset managers often take cues from government policy. A U.S. commitment to Bitcoin accumulation could reduce perceived career risk for institutions considering exposure. That said, short-term price action remains constrained. According to CCN analyst Victor Olanrewaju, Bitcoin has been trading within a defined range for months. He noted that BTC has oscillated between roughly $85,600 and $93,700, with no clear directional bias. A sustained break above key moving averages could open the path toward the $100,000–$103,000 zone. Conversely, a breakdown below range support could see prices revisit the low $80,000s. A Shift in How States View Bitcoin At the state level, momentum is also building. Florida, Texas, and several other states are exploring legislation tied to crypto reserves or digital asset frameworks. While these efforts are smaller in scale, they reflect
Pepeto vs. PEPE: Which Token Should You Buy Now?
Comparison Table Between PEPE and PEPETO Metric Pepe (PEPE) Pepeto ($PEPETO) Launch Year April 2023 2024 Token Price (July 2025) $0.000009709 $0.000000143 (presale) Market Cap $4.83B $6. 4M (presale ongoing) Utility No utility; relies on community hype, no-tax policy, and token burning Zero-fee PepetoSwap, cross-chain bridge (ETH, BNB, Solana), 270% APY staking Community Established, millions of followers, but waning momentum due to saturation 100,000+ members, viral X campaigns, “God of Frogs” narrative Growth Potential Limited (high market cap, 3.5% weekly dip, $0.00001000 resistance) High (87x potential if reaches PEPE’s price, early-stage presale) Risks Volatility, pump-and-dump risks, no ecosystem for sustained value Presale risks (unlisted, hype reliance), regulatory uncertainties Trading Availability UEEx, Binance, Coinbase, OKX (ETH/USDT pairs) Presale via pepeto.io (ETH, BNB, SOL) In the lively crypto market, frog-themed meme coins Pepeto and PEPE are stepping into the limelight, competing for attention from investors and fans. Pepeto is a new player that has raised $5.7 million in its presale at $0.000000143 per token. It offers useful features like its zero-fee PepetoSwap exchange and a cross-chain bridge. In contrast, PEPE coin was launched in April 2023 and was priced at $0.00000005689 per token. It remains popular among the community but relies more on hype than on actual functions. With Bitcoin priced at $118,744.47 and XRP making gains, the competition between Pepeto and PEPE presents a clash of practical use versus history. Which frog coin will take the lead in 2026? Key Takeaways What is Pepeto? Pepeto ($PEPETO) is a 2025 frog-themed meme coin on the Ethereum blockchain. It has a supply of 420 trillion tokens and a presale price of $0.000000143 USD. Unlike traditional meme coins, Pepeto focuses on practical use with its zero-fee PepetoSwap exchange, allowing free trading, and a cross-chain bridge that supports easy asset transfers across Ethereum, BNB Chain, and Solana. Its staking program provides an impressive 270% APY. Already, 31 trillion tokens have been staked, encouraging long-term holding and market stability. The “God of Frogs” story, which revolves around collecting six key documents (Power, Energy, Precision, Efficiency, Technology, and Optimization), resonates with the anonymous crypto community and boosts engagement on X. Having raised over $6.4 million in presale, Pepeto positions itself as a utility-focused player in the meme coin market. What is PEPE? PEPE, launched in April 2023, is a frog-themed meme coin on the Ethereum blockchain, with a total supply of 420 trillion tokens trading at $0.00001148 as of July 2025. Inspired by the popular Pepe the Frog meme, PEPE coin hit a market cap of $1.6 billion in 2023, driven by the meme coin craze and a dedicated community, according to Fortune. Unlike newer coins such as Pepeto, PEPE has limited functionality. It relies on buzz from social media and viral marketing rather than features like staking or DeFi integrations. A 3.5% decline in price reflects a bigger market downturn, and PEPE struggles to break through $0.00001000. Its price outlook remains uncertain as it depends on community engagement and overall market feelings rather than real value. Thus, making it a risky, hype-based investment compared to utility-focused coins. Pepeto vs. PEPE: Key Differences Based on their utility, community, and associated risks, here are some differences between Pepeto and PEPE. Pepeto vs. PEPE: Utility Pepeto ($PEPETO) changes the game for meme coins with its solid utility, sharply differing from PEPE’s speculative trading approach. Pepeto’s zero-fee crypto exchange, PepetoSwap, eliminates trading costs, making it more accessible for meme coin fans using Ethereum, BNB Chain, and Solana. Its cross-chain bridge allows easy token swaps, improving liquidity and connectivity. On the other hand, PEPE’s functionality, like any other ERC-20 token, relies on Ethereum’s infrastructure. Hence, high transaction fees on Ethereum can affect PEPE transactions. Pepeto’s staking program, providing a strong 270% APY, encourages long-term holding and lessens selling pressure, while PEPE does not offer staking rewards and counts on hype and community support for its value. Pepeto’s compatibility with multiple chains makes it more adoptable, while PEPE’s single-chain approach limits its reach. By adding audited smart contracts and a governing structure, Pepeto builds community trust, establishing a new standard for meme coins in the DeFi-focused market and highlighting its functionality and creativity. Pepeto vs. PEPE: Community and Hype Pepeto Pepeto ($PEPETO) has sparked a strong community with over 100,000 members, making it one of the most talked-about meme coins of 2025. Its viral campaigns on X and Telegram, fueled by rumors regarding a former PEPE founder’s involvement, have increased interest and engagement, according to BlockchainReporter. The “God of Frogs” story positions it as a transformative force, surpassing PEPE’s hype-driven narrative. This mythology, along with Pepeto’s functional aspects like zero-fee PepetoSwap, generates ongoing social media excitement, with posts and memes spreading rapidly. The project’s 420 trillion token supply and $7.7 million presale success highlight its momentum, attracting early adopters eager for the chance at a large return. PEPE PEPE has a loyal community built around the famous Pepe the Frog meme. However, its growth is slowing due to market saturation. The frog meme coin thrives on viral X campaigns and internet culture, but its dependence on hype without offering features like staking or DeFi limits its advantage against newcomers like Pepeto. Once a powerful force with millions of followers, the community now faces challenges as investors turn to utility-focused meme coins. Although PEPE’s nostalgic charm remains, its hype is fading, risking stagnation unless new drivers appear. Risks These are the risks associated with Pepeto and PEPE: Risks of Investing in Pepeto Investing in Pepeto ($PEPETO) carries notable risks due to its presale status and the nature of meme coins. As of July 2025, Pepeto is not listed on major exchanges, leading to liquidity concerns and uncertainty about performance after the presale. Its $7.7 million success depends heavily on community excitement, amplified by viral campaigns and rumors of a former PEPE founder’s role, which may dwindle if enthusiasm fades. Investing in meme coins like Pepeto is naturally volatile, with prices fluctuating based more on sentiment than fundamental value. Regulatory uncertainties add
Crypto Fear And Greed Index: A Key Tool For Smart Investing
When it comes to the crypto market, prices don’t just move because of charts or news; emotions play a big role too. Traders often make decisions based on fear or excitement, and that’s where the crypto fear and greed index comes in. This index is a tool that tracks the emotional state of the crypto market. It helps traders and investors understand whether the market is acting out of fear or greed at any given time. The idea is simple: extreme fear can signal that people are too worried, which could be a buying opportunity. Extreme greed, on the other hand, might mean the market is overheated. By checking the index, you get a quick overview of the market’s mood. While it won’t predict exact prices, it can help you make smarter decisions instead of reacting emotionally. In this post, we’ll break down how it works, why it matters, and how to use it in your own crypto strategy. Key Takeaways What is the Crypto Fear and Greed Index? Source: GenSpark The crypto fear and greed index is a sentiment indicator designed to measure the overall mood of the cryptocurrency market. It is based on the idea that emotions like fear and greed strongly influence market behavior. Essentially, greed can push prices too high, while fear can push them too low. This index aims to give traders and investors a clear, numerical way to gauge these emotions and better understand when the market might be overbought or oversold. Unlike many simple indicators, the index uses multiple data points to capture the market’s mood more accurately. To do this, it looks at several factors, including market volatility, trading volume, social media trends, Google search interest, Bitcoin dominance, and overall momentum. All these factors are combined into a single score from 0 to 100, where 0 means extreme fear and 100 means extreme greed. If the score is low (say below 25), it shows extreme fear, a time when many investors may be worried or selling off. However, if the score is high (above 75), it shows extreme greed, which is a warning that the market might be overheating. Additionally, what sets the index apart from other indicators is its focus on psychology rather than purely technical or fundamental analysis. While it’s inspired by similar indicators used in traditional stock markets, such as the CNN Fear & Greed Index, it’s tailored for the fast-moving, sentiment-driven world of crypto. For example, during the March 2020 crash when Bitcoin dropped sharply, the index showed extreme fear. That could have been a good time to buy for long-term investors who saw the panic as an opportunity. On the other hand, in December 2017, the index showed extreme greed right before the market correction, signaling caution. Futhermore, unlike traditional markets that might also analyze treasury yields, put-call ratios, or corporate bonds, the crypto fear and greed index leans more on digital-native metrics like Twitter sentiment and search volume. This makes it particularly useful for crypto traders who want a quick, data-driven feel of the market’s emotional temperature without deep technical analysis. Read Also: 8 Common Cryptocurrency Trading Mistakes to Avoid How the Crypto Fear and Greed Index Works The crypto fear and greed index is designed to measure the emotions driving the market by analyzing several key factors. These factors are combined into a single score from 0 to 100, where 0 means extreme fear and 100 means extreme greed. Let’s break down the main elements it looks at and how they influence the index. Volatility (Price Fluctuations) Volatility tracks how much and how fast the price of cryptocurrencies like Bitcoin changes. Big price swings usually indicate fear. When the market drops suddenly or crashes, volatility spikes because many investors panic and sell quickly. On the other hand, when volatility is low and prices are stable or steadily rising, it shows calmness and often greed, as investors are confident and eager to buy. Market Momentum and Volume (Trading Activity and Price Direction) Momentum measures the speed and strength of price changes, while volume tracks how much cryptocurrency is being traded. When prices are rising quickly with high trading volume, it suggests greed. Furthermore, traders are excited, and many are jumping in, which drives prices higher. For instance, during the 2017 crypto boom, Bitcoin’s price shot up with huge trading volumes. This reflected strong market momentum and investor enthusiasm. Conversely, falling prices combined with low trading volumes often signal fear and hesitation, as people hold back from trading or sell off their assets. Social Media Sentiment (Public Opinion and Buzz) The index also analyzes social media platforms like Twitter, Reddit, and other crypto forums to understand how people feel about cryptocurrencies. Positive posts, memes, and trending hashtags show excitement and greed. On the other hand, negative comments, fear-driven warnings, and news about hacks or regulations point to fear. An example is the hype around the rise of Dogecoin in early 2021, largely driven by social media buzz and memes, pushing the index toward greed. However, during regulatory crackdowns or security breaches, negative social media sentiment spikes, increasing fear. Surveys (Direct Investor Sentiment) Some versions of the index include results from surveys asking investors how they feel about the crypto market. If most participants say they are optimistic and confident, the index moves toward greed. If many express worry or uncertainty, it shifts toward fear. Though surveys may not be as immediate as price data, they provide a direct look at the mindset of active investors, helping balance the index. Bitcoin Dominance (Market Share of Bitcoin Compared to Altcoins) Bitcoin dominance measures how much of the total cryptocurrency market’s value is held by Bitcoin compared to other cryptocurrencies (altcoins). When Bitcoin dominance rises, it often means investors are moving back to the “safer” asset within crypto. What this means is that Bitcoin is generally seen as more stable. This shift usually happens during market uncertainty or fear, as people reduce risk by selling altcoins and focusing on
When Will The Price Of Shiba Inu Reach $1
The question “when will the price of Shiba Inu reach $1?” has been circulating across crypto forums and social media. As a meme-based token that has gathered some attention, Shiba Inu is often compared to similar coins that have seen unexpected surges. But hype aside, reaching a $1 price point is a steep climb for any token with a massive circulating supply. This article breaks down what reaching $1 would actually mean for Shiba Inu, what needs to happen for it to get there, and whether it’s a realistic goal or just market noise. Read Also: Top 27 Must See Bitcoin Memes That Went Viral Key Takeaways What is Shiba Inu (SHIB)? Shiba Inu (SHIB) is a cryptocurrency that started as a meme but quickly grew into a large and active crypto project. It was launched in August 2020 by an anonymous creator known as “Ryoshi.” Named after the Japanese dog breed made famous by Dogecoin, SHIB was originally introduced as a fun, community-driven alternative in the world of digital assets. What sets Shiba Inu apart is that it’s an ERC-20 token, meaning it’s built on the Ethereum blockchain. This gives it access to Ethereum’s vast ecosystem, including decentralized exchanges and smart contracts. Unlike Bitcoin or Ethereum, which have limited supplies, SHIB launched with a massive total supply; one quadrillion tokens. Half of that was locked in Uniswap to provide liquidity, while the other half was famously sent to Ethereum co-founder Vitalik Buterin. In May 2021, Buterin donated a large portion of these tokens to a COVID-19 relief fund in India and burned the rest, effectively removing them from circulation. This act brought SHIB global attention and caused a massive spike in interest. That same year, SHIB was listed on major exchanges like Binance and Coinbase, which further boosted its popularity. As more people joined the “Shib Army,” the project began expanding its goals. It launched ShibaSwap, a decentralized exchange that allowed users to stake, trade, and earn rewards with SHIB and related tokens like LEASH and BONE. In 2023, it launched Shibarium, a layer-2 blockchain that aims to make transactions faster and cheaper. These additions are meant to give SHIB more utility beyond just being a meme coin. Also, through social media, token burns (removing tokens from circulation), and ongoing ecosystem development, the community continues to push for SHIB’s long-term relevance. The Current Price of Shiba Inu and Market Position Source: CoinMarketCap As of now, Shiba Inu (SHIB) is trading at approximately $0.00001537 USD, according to CoinMarketCap. This places it among the top 20 cryptocurrencies by market capitalization. With a market cap of around $6.7 billion, SHIB holds the 19th position in the global crypto rankings. The circulating supply stands at approximately 589.24 trillion tokens, with a total supply nearing 589.55 trillion tokens. Despite its low individual token price, Shiba Inu’s substantial market cap reflects its widespread popularity and the significant number of tokens in circulation. This high supply is a key factor in its current price point. For SHIB to reach $1 USD per token, the market capitalization would need to exceed $589 trillion USD, which is considerably higher than the combined market caps of all cryptocurrencies today. Read Also: Meet Dogen: Where Memes, Rewards, and Crypto Collide Can Shiba Inu Realistically Reach $1? When considering whether Shiba Inu can realistically reach the $1 mark, it’s important to examine its tokenomics and the broader market context. Like many meme coins, Shiba Inu typically has a very large circulating supply, which directly impacts its price potential. To reach $1 per token, the market capitalization would have to grow exponentially, often beyond what is currently feasible in the cryptocurrency market. For example, coins such as Shiba Inu face an immense challenge in hitting dollar values because their market cap would need to be astronomically high. Unless the token supply is drastically reduced, the price per token will likely remain very low, even if the total market cap grows significantly. Shiba Inu would need a similar or even more aggressive token burn mechanism to reduce its circulating supply enough to create meaningful price appreciation. Token burns remove coins from circulation, theoretically increasing scarcity and driving price upwards. However, these burns need to be substantial and sustained over time. Many meme coins announce burn initiatives, but the impact often takes years to translate into price changes significant enough to reach $1. Another important aspect is market demand. Even with a smaller supply, there needs to be strong buying interest and consistent trading volume to support a higher price. Meme coins rely heavily on community hype, viral marketing, and market trends. Without this, prices tend to remain low or volatile. In essence, while hype, community support, and viral marketing can create temporary price spikes, long-term sustainable growth depends on adoption, use cases, and market confidence. Without real utility or a solid ecosystem supporting it, Shiba Inu’s path to $1 remains highly unlikely. In conclusion, while it’s not impossible for Shiba Inu to reach $1, it is highly improbable under current conditions. The massive supply, the market cap requirements, and the time needed for supply reduction all present significant barriers. Factors That Could Drive the Price of Shiba Inu to $1 Shiba Inu (SHIB) reaching $1 per token is an ambitious goal, especially considering its current supply and market position. However, several key factors could influence significant price increases. Below are the main drivers that could push SHIB closer to the $1 mark: Significant Reduction in Token Supply Through Burns One of the most critical factors is the reduction of SHIB’s massive circulating supply, which currently stands at around 589 trillion tokens. To reach $1, SHIB’s market capitalization would need to surpass $589 trillion, an almost unimaginable figure in today’s market. Therefore, extensive token burn programs are essential to remove a significant portion of tokens permanently from circulation. The Shiba Inu community and developers have implemented various burn strategies, including through platforms like ShibaSwap, but the scale of burns would need to increase