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SHIB
$0.000009
24h volatility:
6.0%
Market cap:
$5.30 B
Vol. 24h:
$252.30 M
price rallied 8% in the last 24 hours as markets reacted to the team’s response to the Shibarium bridge exploit that saw hackers launder funds across crypto-mixer Tornado Cash and deposit accounts linked to KuCoin exchange.
Shibarium Bridge hacker foolishly chose not to accept the K9 bounty – it’s finally time to share the investigation we’ve been working on…
this is juicy
The hacker made one stupid mistake and it completely unravelled their Tornado Cash laundering.
That one mistake… pic.twitter.com/itxsXbbGSm
— Shima 島。 (@MRShimamoto) December 1, 2025
Investigations drew attention on Monday after prominent researcher and Shiba Inu community contributor Shima published a comprehensive breakdown of the months-long tracing effort, which revealed how the attacker moved approximately 260 ETH through 111 wallets after seizing a majority of validator keys in mid-September.
The exploit originally drained an estimated $2.3 million to $2.4 million in ETH, SHIB and KNINE before the funds were progressively consolidated and sent into mixers.
Reacting publicly to Shima’s findings, core developer Kaal Dhairya added that the full evidence will be forwarded to the FBI, while also requesting cooperation from KuCoin.
Great work! This needs to be amplified. I will also ensure it’s sent to the @FBI attached to the open investigation report and request @kucoincom to cooperate. https://t.co/sbwMOtrROP
— Kaal (@kaaldhairya) December 2, 2025
The urgency follows earlier attempts by Shibarium’s liquid-staking partner, K9 Finance DAO, to lure the attacker with a bounty that escalated from 5 ETH to a final 25 ETH. The exploiter declined each offer, and K9 has since confirmed that the bounty’s unclaimed ETH has been returned to contributors, including 20 ETH sent back to Shib.io.
Ultimately, Shima traced 232.49 ETH to KuCoin across 48 deposits routed through roughly two dozen funnel wallets. According to the research, KuCoin’s fraud desk requested a formal law-enforcement case number before freezing or reviewing the implicated accounts.
Thanks to @MRShimamoto for doing all the hard work here to compile this thread. We truly appreciate your diligence and methodical approach.
Hopefully this investigation can continue with the help of the proper authorities. The communities need answers.
– ShibNet X intern https://t.co/3TJgWU5azB
— Shibarium Network (@ShibariumNet) December 2, 2025
The official ShibariumNet team has now endorsed the investigation, emphasizing that coordinated action with authorities is essential as the community seeks transparency.
Shiba Inu surged to its highest level in 14 days, closing near $0.00000917 after printing a strong 8.4% intraday gain 24 hours after the Shibarium team acknowledged resolution to the fraud investigations.
The chart shows SHIB rebounding sharply from late-November lows around $0.00000754, with bullish follow-through lifting price above the short-term SMA (green) at $0.00000856 and now testing the mid-range SMA (blue) at roughly $0.00000886.
Shiba Inu (SHIB) Price Analysis | Source: TradingView
This breakout is important as SHIB traded below all 3 moving averages for nearly a month, suggesting that sentiment may have shifted decisively in favor of buyers.
The next challenge now sits at the longer-term 30-day and 50-day SMAs, converging near $0.0000093. A daily close above this band would confirm a trend toward October peaks at $0.000010 as the next target. If bulls maintain the elevated trading volume, SHIB is likely to withstand minor pullbacks and begin forming higher lows.
Holding above $0.00000880 keeps SHIB price positioned for a potential push toward $0.00001000, while back beneath the short-term averages would invalidate the breakout attempt and restore bearish control.
As Shiba Inu demonstrates renewed strength, the broader meme coin sector is witnessing fresh momentum. Maxi Doge, a meme-based cryptocurrency that combines trading culture with community empowerment, is gaining traction across social platforms.
Maxi Doge presale
The Maxi Doge presale has now exceeded $3.9 million, nearing its $4.1 million target. The project offers up to 1000x leverage with no stop-loss restrictions. Each MAXI token is currently priced at $0.00026, with the tier expected to unlock within hours.
Interested buyers can visit the official Maxi Doge presale website to secure early allocation and access exclusive early-joiner bonuses.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
The Ethereum price has been on a seesaw motion in the past few weeks, oscillating between the $2,500 and $2,750 zone. The altcoin struggled to make a mark in the past week, as its value fell to as low as $2,400 at some point.
While the price performance of the Ether token has been uninspiring in recent months, an analyst has put forward an argument to support the position that the second-largest cryptocurrency might still be in a bullish trend.
In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon made an interesting claim about the Ethereum price. According to the pundit, the price of the Ether token is still in a bullish trend despite its sustained decline over the past few months.
The rationale behind this claim is that ETH’s price has managed to stay above its realized price, which is currently acting as a crucial on-chain support. For context, the realized price of a cryptocurrency refers to the average price at which all coins in circulation were last moved.
Source: CryptoQuant
The realized price metric offers insight into the overall sentiment and behavior of market participants, particularly long-term investors. Typically, when the actual price of an asset is above the realized price, it implies that most holders are in profit, which provokes a bullish feeling in the market.
According to the Quicktake analyst, the ability of Ethereum to maintain its position above the realized price bodes well for the general altcoin market. From a historical standpoint, a strong Ethereum price action against the realized price seems to be a catalyst for the altcoin bull market.
As of this writing, the price of ETH stands at around $2,517, reflecting a mere 0.6% decline in the past 24 hours. This negligible price change doesn’t quite tell the story, though, as the Ethereum price has fallen to as low as $2,440 in the past day.
Meanwhile, the altcoin has declined in value by nearly 9% in the previous week, according to data from CoinGecko. This last seven-day performance underscores the inconsistencies and struggles of the Ethereum price in the past few weeks.
In August, the price of Ether has fallen by more than 23%, losing the $3,000 level as early as August 2. After recovering from the multi-month low of $2,200, the altcoin’s price has since been consolidating between $2,500 and $2,750. Nevertheless, Ethereum retains its position as the second-largest cryptocurrency, with a market capitalization of more than $301 billion.
The Ethereum price on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from Unsplash, chart from TradingView
New facts and evidence concerning Elon Musk’s crypto trading and promotional activity were highlighted in an amended legal case on May 31.
The latest filing brings forward new evidence of Musk’s alleged market manipulation.
Plaintiffs note in the filing that Musk briefly replaced Twitter’s bird logo with the Dogecoin logo. This coincided with DOGE prices rising 30% and then falling after the original logo was restored.
That logo change occurred in April 2023, not in April 2022, as the case filing suggests. It nevertheless correlated with significant market changes, as claimed.
The filing also claims that Musk took responsibility for the “Dogecoin enterprise as a whole” and that he has a fiduciary relationship with the asset, as is necessary for a claim of insider trading. It also claims that Dogecoin is a security under the Exchange Act. It says that Musk and Tesla’s Dogecoin “whale” wallets have been identified.
The filing additionally alleges that Musk manipulated the Bitcoin market when Tesla traded Bitcoin. The company has bought and sold Bitcoin since 2021.
Finally, the amendment intends to remove The Dogecoin Foundation as a defendant. Separate reports from Reuters suggest the case judge has granted this request.
These developments follow previous events in Johnson et al v. Musk et al. The plaintiffs began that case in June 2022 and sought $258 billion in compensation.
Musk and Tesla attempted to dismiss the case around April 2023.
By introducing new facts and evidence, the plaintiffs intend to prove that their allegations are not futile. Musk and Tesla could otherwise succeed in dismissing the case.
According to Reuters, the U.S. judge responsible for the case has said in an order that he will “likely” allow the amended complaint, which is now amended for the third time.
The post Elon Musk’s Twitter-to-Doge logo switch raised as evidence in lawsuit appeared first on CryptoSlate.
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