Musk Promoting Mars Colonization via DOGE and SHIB, Petition Reaches 250k Signatures; XLM Potentially Facing Difficulties: Crypto News Roundup by U.Today
In the ever-evolving world of cryptocurrencies, Shiba Inu (SHIB) continues to captivate the market with its unique trajectory. Here's a snapshot of the coin's current status and outlook.
As of early July 2025, Shiba Inu is trading weakly around $0.00001134, showing signs of a downtrend. The price is struggling to sustain above key resistance around $0.00001175, suggesting seller dominance. However, a potential breakout setup is forming if bulls reclaim this level.
Regarding whale activity, the picture is mixed and has shifted recently. In mid-June, whale transactions surged by 249%, with large holders moving over 3 trillion SHIB tokens. This surge often signals renewed interest from major investors and can precede a price rally. However, by early June and continuing into July, data shows that whales have been offloading SHIB holdings, decreasing their large-token balances. This selling pressure has contributed to a 30% price drop from the May high and is linked to weakening fundamentals.
Market sentiment towards Shiba Inu is tarnished by declining network activity and token burn rates, contributing to caution among investors. Despite this, the Shiba Inu community continues to be a source of optimism, with some members proposing that Dogecoin should become the official currency of Mars.
In terms of potential listings, there is no confirmed status or announcement relating to SHIB’s listing on Robinhood at present. Market interest in SHIB generally benefits from listings on major platforms like Robinhood, which can increase liquidity and attract retail investors. However, as of July 2025, no specific update has been found regarding Robinhood’s plans or announcements about SHIB listing.
Meanwhile, in other cryptocurrency news, Elon Musk's net worth is estimated to be around 861 billion Dogecoins (approximately 209 billion dollars). The first Solana ETF has gone live, and some members of the Dogecoin community have proposed that Dogecoin should become the official currency of Mars. Coinbase has made another massive acquisition, and a petition to list SHIB on Robinhood has surpassed 300,000 signatures.
In conclusion, while there was optimism in mid-2025 due to increased whale buying suggesting a possible price rally, more recent whale sell-offs and weakening fundamentals imply caution. The potential Robinhood listing remains uncertain with no updated confirmations, leaving SHIB's near-term outlook dependent on market dynamics and renewed investor interest.
- Despite the mixed whale activity in the Shiba Inu market, a potential breakout setup is forming if bulls reclaim the key resistance around $0.00001175, indicating a possible resurgence in cryptocurrency trading related to Shiba Inu.
- As the Shiba Inu token continues to struggle in trading due to seller dominance and weakening fundamentals, concerns about its outlook are heightened, with elusive news about a potential listing on Robinhood not helping matters.
- In the broader crypto scene, further milestones are being achieved, such as the debut of the first Solana ETF, Elon Musk's estimated 861 billion Dogecoins net worth, and a proposal to make Dogecoin the official currency of Mars, suggesting potential growth opportunities beyond Shiba Inu within the crypto finance sphere.
