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Shiba Inu September Record Raises Concerns After SHIB Historic 13.4% August Gain

Lele Jima
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Shiba Inu September Record Raises Concerns After SHIB Historic 13.4% August Gain

August 2026 has been a strong month for Shiba Inu, with SHIB investors now turning their attention to September. 

At press time, Shiba Inu traded at $0.000005345, up 13.4% month-to-date (MTD). This gain puts Shiba Inu on track to record its best August performance since its launch, potentially surpassing the previous monthly record of 10.1% set in 2021.

Exchange Listings and Market Recovery Fuel SHIB

Several developments have contributed to SHIB’s strong performance this month. Notably, the token secured listings on Australian-based exchange FameEx and U.S.-based exchange UEX.US, giving traders in key markets greater access to the asset. 

At the same time, the broader cryptocurrency market has provided additional support. Bitcoin has led the market recovery, improving sentiment across the altcoin sector and helping SHIB extend its gains.

Furthermore, Shiba Inu secured a significant milestone in Japan. Japan’s Financial Services Agency (FSA) approved SHIB alongside five other tokens for listing on Laser Digital Japan, a licensed platform associated with Nomura Group.

The approval strengthens SHIB’s presence in one of the world’s major financial markets while providing another positive catalyst for the token. Consequently, these developments have helped SHIB recover and move closer to breaking its prolonged bearish trend.

September Could Test SHIB’s Momentum

With SHIB delivering strong gains in August, investors are now turning their attention to September. However, the token’s historical performance suggests that next month could present a tougher challenge.

Historically, Shiba Inu has struggled in September, closing the month in positive territory only twice, according to CryptoRank data. SHIB gained 4.65% in September 2021 and surged 26.6% in September 2024.

By contrast, the token declined 6.43% in 2022, 8.25% in 2023, and 2.99% in 2025. As a result, SHIB’s average September return stands at 2.72%, while its median return is -2.99%.

Therefore, although the average return is slightly positive, the median performance shows that September has historically been a challenging month for SHIB. 

Shiba Inu Monthly Returnns
Shiba Inu Monthly Returns

SHIB Needs Fresh Catalysts to Extend Rally

Beyond historical trends, SHIB’s ability to sustain its August rally could depend largely on whether the token receives fresh catalysts in September.

Much of the recent momentum has stemmed from external developments, particularly the broader cryptocurrency market recovery. However, it remains uncertain whether similar catalysts will emerge next month.

Meanwhile, the Shiba Inu community continues to await a major announcement teased by a member of the ecosystem team involving Shytoshi Kusama and developer Kaal Dhairya. If the announcement introduces significant ecosystem development, it could provide fresh momentum for SHIB.

However, some underlying ecosystem metrics paint a less encouraging picture. Shibarium’s DeFi activity has weakened considerably, with DEX trading volume remaining at zero for several days. In addition, the network’s total value locked (TVL) plunged 74% within 48 hours.

Similarly, Shiba Inu’s burn activity has yet to produce a meaningful impact on SHIB’s price. Only around 126 million SHIB were burned over the past week, a relatively small amount compared with the token’s massive circulating supply.

SHIB Faces a Crucial September Test

Overall, SHIB enters September with strong momentum but also faces several challenges. If the token secures fresh catalysts and maintains support from the broader crypto market, it could finally break its 11-month bearish trend. However, weakening ecosystem activity and September’s historical performance could make it harder for SHIB to sustain its August rally.

XRP Still Has Room to Fall: Here’s The Critical Zone That Could Mark Its Bottom

Mark Brennan
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XRP Still Has Room to Fall: Here’s The Critical Zone That Could Mark Its Bottom

Historical market data suggests XRP may still have room to decline further before eventually finding its bottom for this cycle.

XRP made an impressive recovery last week, climbing to $1.69 before sellers stepped in and pushed the price back down. The cryptocurrency has since fallen toward $1.42, as investors question whether the recent recovery has already run its course.

However, the weekly chart suggests that XRP may not have reached its cycle bottom yet. The current price action looks similar to what happened during the previous bear cycle, particularly after XRP faced rejection at the 1-week 50-period moving average (MA50). 

Based on this pattern and several important support levels, XRP could still have another move lower before finding a lasting bottom.

XRP Remains Inside a Long-Term Channel

XRP has traded inside a broad Channel Up pattern since the April 2021 Cycle Top. This channel has contained the cryptocurrency’s major price movements through the 2022 bear market, the following accumulation period, and the rally that eventually led to a new Higher High at $3.66 in July 2025.

The July 2025 peak marked the confirmed top of the latest Bull Cycle. XRP has since moved into a new bear-cycle phase as the market searches for its next major bottom. 

Although XRP recently recovered to $1.69, its decline back toward $1.42 suggests that buyers have not yet gained enough strength to change the broader trend.

1W MA50 Rejection Could Lead to Another Decline

XRP’s recent rejection at the 1-week 50-period moving average has become one of the most important developments on the chart. XRP reached the MA50 last week for the first time in nine months. Before that, the cryptocurrency last tested the level on Nov. 10, 2025.

The reaction also looks similar to XRP’s position in 2022. Specifically, on Sept. 19, 2022, XRP rallied into the 1W MA50 before sellers pushed the price back down. 

XRP Historical Bottom Structure
XRP Historical Bottom Structure

The cryptocurrency then made another move lower before getting close to its previous cycle low. With the current structure showing a similar pattern, XRP could see another decline before it finds stronger support.

Notably, in September 2022, XRP did not immediately find a bottom after losing momentum at the 1W MA50. Instead, it made another significant move lower before finding stronger support around the 1-month 100-period moving average (MA100).

This same moving average later became important during XRP’s 2023 to 2024 Accumulation Phase. It provided support for an extended period and helped establish a floor beneath the market. If XRP follows a similar path this time, the 1M MA100 could again become an important level for buyers.

Key Level that Could Mark the XRP Bottom

Several technical levels now point toward the $1 to $0.8 range as a possible area for XRP to find its cycle bottom. The range includes the 1M MA100, the 0.618 Fibonacci retracement from the previous cycle, and the March 2020 Higher Lows trend-line.

The combination of these levels makes the zone more important than any single support level on its own. The 0.618 Fibonacci retracement deserves particular attention because XRP spent much of the 2022 bottoming process testing this level. The same area could attract buyers again during the current cycle.

Even if XRP falls toward the $1 to $0.85 range, the cryptocurrency still has another major long-term support level below it. The 1-month 150-period moving average (MA150) remains an important part of XRP’s broader market structure.

A monthly close above the MA150 would keep the long-term Channel Up structure intact. This means a decline toward $1 to $0.85 would not necessarily indicate a breakdown in XRP’s long-term trend. Instead, it could represent another stage of the current bear-cycle bottoming process.

Ripple Recommends Dropping XRP Ledger’s XChainBridge Amendment, Citing Axelar and Lack of Demand

Abdulkarim Abdulwahab
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Ripple Recommends Dropping XRP Ledger’s XChainBridge Amendment, Citing Axelar and Lack of Demand

Ripple is urging the XRP Ledger (XRPL) community to drop the proposed XChainBridge (XLS-38) amendment as it is no longer needed and has attracted little interest from developers.

Ripple engineer Mayukha Vadari said Axelar already handles bridging for the XRPL EVM Sidechain. Since there is little demand for XLS-38, removing it will also get rid of more than 10,000 lines of unused code.

XRPL XLS-38 is to Connect Different Blockchains

XLS-38 was created to let the XRP Ledger (XRPL) connect with other blockchains and sidechains. It seeks to allow developers to create their own sidechains, including private and experimental networks.

The system used a group of “witness servers” to monitor transactions on different chains and confirm them. This would allow assets to move between the XRPL mainnet and sidechains.

XLS-38 also aimed to connect the XRPL mainnet to the XRPL EVM Sidechain, with XRP serving as transaction fees.

Ripple Chose Axelar for the EVM Sidechain

Meanwhile, Ripple chose Axelar as the bridge for the XRPL EVM Sidechain after comparing different options for security, user experience, decentralization, and long-term reliability.

Ripple said XLS-38’s witness-server system can become harder to secure and coordinate as more money moves through the bridge.

Axelar was seen as a better option because it is built specifically for connecting blockchains. It has more than 75 validators and supports more than 55 blockchains.

Ripple announced the decision in June 2024. It still kept XLS-38 open for a community vote and gave developers 12–15 months to show enough demand for it.

However, Ripple said the time given to developers has passed and there still aren’t enough projects that need XLS-38 on the XRPL mainnet. Ripple gave three main reasons:

  • Axelar already does the main job: Axelar handles the bridge for the EVM Sidechain, which was XLS-38’s main purpose.
  • Low developer demand: There has been little interest in using XLS-38 for private or permissioned sidechains.
  • Unused code takes work to maintain: Keeping inactive XLS-38 code means XRPL developers still have to maintain and secure it.

Ripple says removing XLS-38 deletes over 10,000 lines of code, making the XRPL codebase easier to maintain and more secure.

Withdrawal Would Require XRPL Consensus

Ripple stressed that the recommendation is not a unilateral decision. If the community supports the proposal, Ripple plans to first mark XChainBridge as obsolete in the xrpld codebase.

Validators running a version containing that change would automatically vote against the amendment and would no longer be able to vote in favor of it.

As validators upgrade, support for XLS-38 would decline. Once the network reaches consensus that the amendment is obsolete, the XChainBridge and related fixXChainRewardRounding code will be removed entirely in a subsequent software update.

Ripple Is Still Open to XLS-38 Use Cases

Notably, Ripple said removing XLS-38 does not mean it is giving up on connecting the XRPL to other blockchains.

Instead, Ripple believes different projects may need different bridging technologies. Tools like Axelar and Wormhole can work for some blockchains, while other technologies, such as ZK systems and Layer-2 networks, may work better in other situations.

Ripple also asked developers already using XLS-38, or planning to use it, to share their projects before the withdrawal.

For users of the XRPL EVM Sidechain, nothing will change. Axelar will continue to connect the EVM Sidechain to the XRPL mainnet.

Shiba Inu: Shibarium TVL Crashes 74% in 48 Hours as DeFi Activity Plunges

Lele Jima
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Shiba Inu: Shibarium TVL Crashes 74% in 48 Hours as DeFi Activity Plunges

Shibarium, Shiba Inu’s Layer-2 blockchain, has suffered a sharp decline in DeFi activity, with its total value locked (TVL) plunging 74% over the past 48 hours. 

The decline comes as investors focus on the recent price gains across the Shiba Inu ecosystem. However, while SHIB and other ecosystem tokens attracted attention during the broader crypto market rally, Shibarium’s DeFi metrics moved in the opposite direction.

As recently as August 26, Shibarium’s TVL stood at $121,860, keeping it above the $100,000 threshold, according to DeFiLlama data. However, the metric plunged to $31,277 the following day before recovering slightly to $31,513 in the hours leading up to press time.

Despite this modest recovery, Shibarium’s TVL remains 74.14% below its level 48 hours earlier, highlighting the severity of the recent decline. 

Shiba Inu Blockchain TVL
Shiba Inu Blockchain TVL 

According to DeFiLlama, WoofSwap leads the network with $11,362 in locked assets. ShibaSwap follows with $8,179, while Shibex ranks third with $5,683. Together, the three protocols account for a substantial portion of the liquidity locked across Shibarium. 

Shibarium DEX Volume Drops to Zero

Meanwhile, Shibarium’s decentralized exchange (DEX) activity has deteriorated alongside its TVL.

The network recorded $0 in DEX trading volume over the past three days, according to DeFiLlama data. Furthermore, Shibarium recorded just $9.56 in DEX volume over the past seven days, representing an 85% decline from the previous week.

Consequently, the weakness extends beyond TVL. The sharp drop in trading activity points to a broader slowdown in DeFi participation across the Layer-2 network.

SHIB and BONE Rally Despite Shibarium DeFi Slump

Interestingly, Shibarium’s declining DeFi activity comes as Shiba Inu ecosystem tokens benefit from the broader crypto market recovery.

SHIB recently climbed to a multi-month high of $0.000006191, while BONE rallied to $0.058. Although both tokens have since pulled back slightly from those highs, they have nevertheless maintained some of their recent gains, with SHIB currently priced at $0.000005396 and BONE at $0.05233.

Therefore, the recent decline in Shibarium’s TVL cannot easily be attributed to weakness in the broader Shiba Inu ecosystem. Moreover, the magnitude of the TVL drop appears too significant to result solely from the modest price pullback in SHIB and BONE. At press time, the precise reason for Shibarium’s sudden TVL collapse remained unclear. 

Meanwhile, ShibariumScan is still indexing the blockchain following a major upgrade. At press time, the explorer showed that only 49% of the network’s blocks had been indexed. Consequently, total transactions, which stood at 1.56 billion before the incident, had fallen to 575.91 million, while the number of wallet addresses had dropped from around 269 million to 79.87 million.

Coinbase and Binance Whales Set XRP Profit Targets at $15 and $32 as Bull Rally Resumes

Abdulkarim Abdulwahab
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Coinbase and Binance Whales Set XRP Profit Targets at $15 and $32 as Bull Rally Resumes

XRP price is facing long-term selling pressure at $15 and $32 as whales on Binance and Coinbase place major sell walls at those levels as the price resumes its rally.

CryptoQuant author CW said Binance whales had previously established a sell wall extending to $15, and that the liquidity remains in place. Meanwhile, Coinbase whales have created new sell walls reaching as high as $32 this month.

Is This Bullish for XRP?

According to CW, these are currently the major whale sell walls standing in XRP’s order books.

“Currently, it is Coinbase whales that are blocking the rise,” CW said, adding that the group has been forming multiple sell walls. 

XRP sell wall on Coinbase and Binance
XRP sell wall on Coinbase and Binance

However, the sell orders are not firm price targets or guarantees that XRP price will reach those levels. Analyst ChartNerd cautioned that the $15 and $32 walls represent clustered limit-sell liquidity rather than evidence of an impending rally.

While large sell walls can act as supply ceilings, order-book liquidity is transient because traders can cancel or move their orders at any time.

Bull Rally Attempts to Resume

The whale activity comes as XRP attempts to recover from a pullback following last week’s rally.

XRP climbed to $1.70 last week before declining 19.18% over the following days to reach $1.3632 yesterday. The token has since rebounded, trading at around $1.45 at press time and marking its highest price of the day.

The recovery coincided with strength across the crypto market as Bitcoin reclaimed the $80,000 level, helping revive bullish sentiment.

Still, XRP faces an important technical test ahead. ChartNerd identified $1.36 as key four-hour support. Meanwhile, he sees immediate resistance between $1.51 and $1.55.

A successful breakout above that resistance opens the way toward $1.80 and $1.94, according to the analyst. Conversely, rejection will send XRP back toward the $1.36 support area.

$1.54 Remains the Key Level for XRP

ChartNerd also highlighted a confluence between XRP’s lower-timeframe resistance and the weekly 50 EMA around $1.54.

He said a close above the moving average remains the “main objective” for a continuation higher, as a failure to reclaim it could signal renewed weakness.

In another update, ChartNerd summarized the setup by saying XRP’s upside remains under threat until $1.54 is reclaimed.

This makes the $1.51-$1.55 region a battleground for XRP in the near term. A move above it could strengthen the bullish case and put the $1.70 high back within reach.

Whale Accumulation Adds to the Bullish Case

The latest sell-wall data follows a major whale accumulation event on Binance. CryptoQuant author Darkfost reported yesterday that whales withdrew more than 231 million XRP from Binance in a single day, worth more than $335 million at the time.

The withdrawals represented a sharp increase from the 90-day average of $40 million and marked the highest level of whale outflows from Binance in six months.

Such movements reduce the amount of XRP immediately available for trading on exchanges, which supports a price rally.

With whales accumulating XRP away from exchanges and major holders maintaining large sell walls at higher prices, it remains to be seen whether XRP can overcome the $1.54 resistance and resume its advance.

XRP Ecosystem Crosses $1B in Stablecoin Value for First Time in History

Mark Brennan
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XRP Ecosystem Crosses $1B in Stablecoin Value for First Time in History

The XRP ecosystem has reached a new milestone, with its total stablecoin value surpassing $1 billion for the first time since the XRP Ledger (XRPL) launched. 

This increase comes as the XRP ecosystem benefits from growing interest in tokenization. Notably, more real-world assets are now being brought on-chain, and stablecoins have become an important part of the growth.

XRP Ecosystem Sees Growth in Stablecoin Market

Data from RWA.xyz, a leading source for tokenized asset data, shows that the stablecoin market cap across the XRP ecosystem has reached $1.02 billion at press time. The figure is up 6.84% over the past 30 days, meaning the market added about $65 million in stablecoin value during that period.

The number of stablecoin holders has seen more rapid growth. Specifically, stablecoin holders increased 37.18% over the past 30 days to 82,530, setting a new all-time high for the XRP ecosystem. In total, the network gained more than 22,000 new stablecoin holders during the period.

XRP Ecosystem Stablecoin Market
XRP Ecosystem Stablecoin Market

This growth has also come with higher stablecoin activity. XRP stablecoin transfer volume rose 20.56% over the past 30 days to $5.11 billion. This shows that users have been moving stablecoins more frequently as the number of holders continues to grow.

XRP Ecosystem RWA Activity

Meanwhile, the broader real-world asset market has shown mixed results. Distributed asset value, excluding stablecoins, rose 0.08% over the past 30 days to $485.2 million. In contrast, represented asset value fell 0.27% during the same period to $4.05 billion.

In addition, RWA holders climbed 30.77% over the past 30 days to 238. Despite this rise, 30-day RWA transfer volume dropped 95.94% to $10.17 million. Essentially, the growth in the number of holders has not yet translated into higher RWA transaction activity.

RLUSD Leads XRP’s Stablecoin Market

The strong rise in the stablecoin market cap has largely come from the growth of Ripple’s RLUSD stablecoin. RLUSD now holds $975.5 million of the XRP ecosystem’s $1.02 billion stablecoin market cap, giving it more than 95% of the total market.

RLUSD also holds a 17.52% share of the XRP ecosystem’s total tokenized market, valued at $5.5 billion. When considering just distributed asset value, RLUSD accounts for 64.06% of the total.

The Brazilian Real stablecoin BBRL from Braza Group ranks second in terms of largest stablecoins within the XRP ecosystem, with $22.4 million in value. Braza Group’s USDB stablecoin follows closely in third place at $22.3 million. EUR CoinVertible (EURCV) ranks fourth with $11.656 million, while USDC ranks fifth with $4.965 million.

Binance Shuffles 3.09 Trillion Shiba Inu as SHIB Exchange Reserves Fall Below 87 Trillion

Lele Jima
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0
Binance Shuffles 3.09 Trillion Shiba Inu as SHIB Exchange Reserves Fall Below 87 Trillion

Binance, the world’s largest cryptocurrency exchange, has moved more than 3 trillion Shiba Inu tokens between its internal cold wallets.

According to data from Arkham Intelligence, Binance transferred a combined 3,098,891,481,684 (3.09 trillion) Shiba Inu in two separate transactions. Notably, the exchange executed both transfers just one minute apart, suggesting that they formed part of the same internal wallet-management operation. 

The first transaction involved 1.099 trillion SHIB, worth approximately $5.84 million, which moved from Binance’s cold wallet (0xF97…1aceC) to another Binance-controlled cold wallet (0x5a5…0Efcb).

One minute later, Binance transferred another 2 trillion SHIB, valued at $10.62 million, between the same wallets. 

Binance Moves Over 3T Shiba Inu Tokens
Binance Moves Over 3T Shiba Inu Tokens

Binance Enormous SHIB Holdings

Since Binance controls both wallets, the transactions appear to reflect an internal redistribution of SHIB rather than buying or selling activity. Exchanges commonly move assets between cold wallets when they rebalance reserves, reorganize custody arrangements, or strengthen their security infrastructure. 

Following the transfers, the receiving wallet holds 37.604 trillion SHIB, worth around $203.4 million, while the sending wallet holds about 7 trillion SHIB, valued at approximately $37.94 million.

Currently, the receiving address ranks as the fourth-largest SHIB holder, according to Etherscan data. Only the Robinhood-linked wallet, Upbit-linked wallet, and Shiba Inu burn address rank higher. 

Top Holders of Shiba Inu
Top Holders of Shiba Inu

SHIB Exchange Reserves Drop Below 87 Trillion

The Binance wallet shuffle comes as the amount of SHIB held on cryptocurrency exchanges continues to decline.

Over the past 24 hours, 82.21 billion SHIB have moved from exchanges to private wallets, according to CryptoQuant data. Consequently, total exchange reserves have fallen below the 87 trillion SHIB threshold and now stand at 86.86 trillion tokens.

This trend could become increasingly important if demand for SHIB rises. Sustained withdrawals reduce the amount of tokens readily available for trading on centralized exchanges, potentially creating a supply-demand imbalance if buying pressure strengthens.

However, Binance’s 3.09 trillion SHIB transfer does not represent an exchange outflow, since the tokens remained within Binance-controlled wallets.

SHIB Holds Weekly Gains Despite Recent Pullback

Meanwhile, Shiba Inu has given back some of its gains after the broader cryptocurrency market rally pushed the token above $0.0000061.

Nevertheless, SHIB continues to hold much of its recent advance. The token is down about 0.57% over the past 24 hours, but it remains up 10.03% over the past week to $0.0000054. At the same time, trading activity has weakened. SHIB’s 24-hour trading volume has declined by approximately 30.66% to $77.63 million, indicating that market participation has cooled following the recent rally. 

With a market cap of $3.19 billion, Shiba Inu currently ranks as the 27th-largest cryptocurrency by market value.

XRP ETFs Draw $28M in Fresh Capital, Second-Biggest Intraday Inflow of 2026

Sam Wisdom Raphael
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XRP ETFs Draw $28M in Fresh Capital, Second-Biggest Intraday Inflow of 2026

XRP ETFs have recorded their second-largest single-day inflow of 2026 as investor demand remains strong despite a recent pullback in the XRP price. 

XRP climbed toward $1.69 last week before meeting resistance at this level, but the subsequent price decline has not stopped investors from putting more funds into XRP exchange-traded funds. Interestingly, these products have continued to attract increasingly large inflows.

According to SoSoValue data, XRP ETFs attracted $28.14 million on Aug. 26. This figure ranks second among their largest daily inflows this year, trailing only the $46.1 million recorded on Jan. 5. 

XRP ETFs See Second Largest Intraday Inflow of 2026
XRP ETFs See Second Largest Intraday Inflow of 2026

Bitwise XRP ETF (XRP) led the latest inflows with $13.12 million, accounting for 46% of the total. Franklin XRP ETF (XRPZ) followed with $9 million, while Canary Capital XRP ETF (XRPC) added $6.01 million. However, 21Shares XRP ETF (TOXR) and Grayscale XRP ETF (GXRP) recorded zero flows.

XRP ETFs Record Inflow Streak

The $28.14 million daily inflow extends a strong run that began on Aug. 20, when XRP ETFs started attracting consistent double-digit inflows after several weeks of weaker activity. 

Specifically, the products recorded $13.24 million on Aug. 20 before inflows climbed to $18.38 million the following day. They then slipped to $13.82 million on Monday, Aug. 24, but the decline was only temporary.

Inflow Streak
Inflow Streak | Source: SoSoValue

Inflows picked up again on Tuesday, Aug. 25, reaching $23.87 million, before rising to $28.14 million on Wednesday, Aug. 26. 

Overall, XRP ETFs attracted $97.45 million across the five trading days since Aug. 20. This five-day total already exceeds the full-month inflows recorded in six of the last seven months. It also represents the strongest intraday inflow streak for XRP ETFs since January 2026.

August Moves Toward Annual Record

The latest streak has also lifted XRP ETF inflows for August to $108.87 million at press time. This figure makes August the second-best month of 2026 for XRP ETF inflows and the fourth-best month overall since these products launched. 

With two trading days remaining in August, continued strong demand could push the monthly figure above the current 2026 record.

This record belongs to May, which registered $131.94 million in inflows. If XRP ETFs maintain their recent pace through the final two trading days of August, the products could therefore set a new monthly inflow record for 2026.

Meanwhile, August has also produced a notable result in trading activity. 

Although the month currently ranks fourth for monthly inflows since XRP ETFs launched, it has already generated the second-highest monthly trading volume, reaching $637.49 million. August now sits within reach of January 2026, which recorded $652.97 million in trading volume.

The impressive activity has pushed cumulative net inflows across XRP ETFs to a new record of $1.62 billion. At the same time, total net assets have climbed to $1.40 billion.

XRP Has Lowest Supply Inflation Among Top Payment Cryptos at 5.5%

Abdulkarim Abdulwahab
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0
XRP Has Lowest Supply Inflation Among Top Payment Cryptos at 5.5%

XRP circulating supply grew 5.5% year over year in the first half of 2026, the lowest annual dilution rate among its crypto payment network peers, according to asset manager 21Shares.

In its latest analysis of XRP’s H1 2026 performance, 21Shares said XRP’s circulating supply expanded through escrow releases and re-locks. Approximately 272 million XRP entered circulation each month.

Despite the supply growth, XRP compares favorably with other payment-focused crypto networks. Stellar’s circulating supply is diluting holders at an annual rate of 8.8%, while TON has a 9.6% dilution rate.

Tron is the exception, as its fee revenue is sufficient to offset supply growth and generate a net positive return of 1.4% per year for holders.

XRP Holders Face 5.5% Annual Drag

For XRP holders, the 5.5% supply growth represents a net annual drag at current fee levels. 21Shares estimates that XRP’s price would therefore need to rise by at least 5.5% annually for holders to simply break even on a purchasing-power basis.

However, the report argues that fees alone are unlikely to close the gap. XRPL revenue would need to increase by 12,700 times to offset one year of newly issued supply at current values. 

This means the long-term value proposition for XRP depends more on increased adoption and demand than on higher network fees.

XRP supply inflation compared with Tron and Stellar
XRP supply inflation compared with Tron and Stellar

XRPL Settlement Volume Surges as Revenue Falls

The supply dynamics come as the XRP Ledger continues to process substantial transaction volumes.

XRPL settled $159.9 billion during the first half of 2026. However, network fees dropped 81.6% year over year, from $6.43 million to $1.18 million. At the same time, the stablecoin base on XRPL expanded by 1,131%.

This shows that while the network is growing and attracting more activity, its revenue is not growing at the same pace.

21Shares noted that much of the revenue decline came from trading fees paid to liquidity providers and NFT royalties. XRPL’s automated market maker revenue fell 80.3% year-over-year, while NFT royalties declined 69%. 

Together, the two categories accounted for roughly 89% of total network revenue. Ordinary transaction fees, meanwhile, declined 66.3%, from $269,600 to $90,800.

Only a Small Part of XRPL Revenue Helps XRP Holders

Notably, XRPL fees do not directly benefit XRP holders very much. Some transaction fees are burned, which reduces the total supply of XRP. But other fees, such as swap fees and NFT royalties, go to liquidity providers and creators instead.

As a result, 21Shares estimates that only 10.6% of XRPL’s $1.18 million in revenue in H1 2026 indirectly benefited XRP holders through XRP being burned.

How Much SHIB Is Needed to Enter the Top 1% of Shiba Inu Rich List and What Would It Be Worth at ATH?

Lele Jima
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0
How Much SHIB Is Needed to Enter the Top 1% of Shiba Inu Rich List and What Would It Be Worth at ATH?

As Shiba Inu attempts to sustain its recovery, investors are increasingly watching what it would take to join the top ranks of SHIB holders.

According to CoinLore data, investors need at least 380 million SHIB tokens to enter the top 1% of the Shiba Inu rich list. Although the threshold may appear relatively modest given SHIB’s massive supply, only 16,785 wallets currently hold at least 380 million tokens out of approximately 1.68 million SHIB holders. 

Worth If SHIB Reclaims ATH 

At SHIB’s current price of $0.0000053, acquiring 380 million tokens would cost approximately $2,014. However, that holding could become significantly more valuable if Shiba Inu revisits its previous all-time high (ATH) of $0.00008845. At that price, 380 million SHIB would be worth $33,611, representing a potential 1,568% gain from its current valuation.

While reclaiming the ATH remains hypothetical, the calculation highlights why investors closely monitor SHIB rich-list rankings, particularly during periods of market weakness and accumulation. 

The Top 0.2% and 0.04% Thresholds 

Investors targeting positions above the top 1% face significantly higher entry requirements.

For instance, entering the top 0.2% requires 2.7 billion SHIB. CoinLore data shows that only 3,357 wallets hold at least this amount. At the current price of $0.0000053, purchasing 2.7 billion SHIB would cost $14,310. If SHIB returns to its previous ATH, however, the same holdings would be worth roughly $238,815.

The requirements rise sharply for investors targeting the top 0.04%. Reaching this tier requires approximately 18.3 billion SHIB, a balance held by only about 703 wallets.

At the current price, acquiring 18.3 billion SHIB would require around $96,990. Meanwhile, a return to $0.00008845 would push the value of that holding to approximately $1.62 million. 

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Current Standing of Most SHIB Holders

Despite Shiba Inu having 1.68 million holders, SHIB ownership remains heavily concentrated among the largest addresses.

According to CoinLore, the top 10 richest addresses collectively hold 624.98 trillion SHIB, representing about 62.5% of the total supply. However, this figure requires context because many of these addresses belong to exchanges and burn wallets rather than individual investors.

Meanwhile, addresses ranked 11th to 100th collectively hold 205.53 billion SHIB, equivalent to about 20.55% of the total supply. Addresses ranked 101st to 1,000th, on the other hand, collectively hold 121.32 trillion SHIB, or roughly 12.13% of the supply.

By comparison, addresses ranked from 1,001st through 1.68 millionth collectively control only about 48.14 trillion SHIB, representing 4.81% of the total supply. 

Shiba Inu Rich List
Shiba Inu Rich List

These figures illustrate the difference between holding a relatively modest amount of SHIB and holding enough to rank among the token’s largest addresses. Notably, these projections depend entirely on SHIB returning to its previous ATH, which is not guaranteed. Nevertheless, they illustrate how dramatically the value of large SHIB holdings could change if the meme coin eventually revisits its historical peak.  

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