What to Know
- SHIB rose 5% to $0.00000608 after Rakuten Wallet listed it for JPY trading.
- Users can now spend SHIB via Rakuten Pay, enabling real-world usage across ~5M merchants in Japan.
- Over 1T SHIB moved off exchanges, but price still shows weakness after a recent breakdown, keeping outlook mixed.
Shiba Inu (SHIB) is back in the spotlight after a strong move higher. The popular meme coin is currently trading at around $0.00000608, up about 5% in the last 24 hours. The main reason behind this jump is a major new listing in Japan that could change how SHIB is used in real life.
The big update is that Rakuten Wallet has officially added SHIB for trading against the Japanese yen starting April 15, 2026. Rakuten is one of Japan’s biggest internet companies, with millions of users across shopping, payments, and financial services.
Even more important, SHIB has been approved under the rules of Japan’s Financial Services Agency. This matters because Japan has some of the strictest crypto regulations in the world. Getting listed there is not easy, and it adds a layer of trust for investors. Right now, SHIB is trading in a tight range between $0.000006 and $0.000007. While the price move may seem small, the bigger story is what this listing unlocks.
A Move Beyond Trading
What makes this development stand out is that SHIB is no longer limited to just crypto exchanges. By entering the Rakuten ecosystem, it is now exposed to over 44 million users. This opens the door to real-world use cases. For example, users can now convert Rakuten Points into SHIB. They can also convert SHIB into Rakuten Cash and spend it using Rakuten Pay. This app is accepted by around 5 million merchants across Japan.
This means SHIB can now be used for everyday payments from shopping to services rather than just being held or traded. It also places SHIB alongside more established cryptocurrencies like XRP and Stellar Lumens on a regulated platform. That signals a shift in how SHIB is being viewed. It’s no longer just a meme coin, it’s starting to act like a usable digital asset.
Mixed Signals Behind the Scenes
Despite the positive news, SHIB’s overall situation is still mixed. On one hand, there are signs of accumulation. On April 15, more than 1 trillion SHIB tokens were moved off exchanges. On the other hand, the price chart is showing weakness. Just a day earlier, SHIB broke below an important upward trendline that had been supporting its recovery since March. This suggests that sellers are still active and the broader trend may still be downward. Adding to the cautious mood, celebrity investor Steve Aoki recently sold part of his SHIB holdings. While this does not always signal a long-term problem, it reflects the uncertainty in the market right now.
During the same period, Santiment’s Age Consumed index and transaction volume also showed an upward spike, suggesting dormant tokens are in motion. Historically, a surge in dormant wallet activity and transaction volume, combined with a negative spike in the NPL indicator, has often triggered a brief price rally, followed by sell-offs (bull traps) in Shiba Inu. A similar pattern was observed in early December, when the price rose slightly first, followed by a sharp price correction in SHIB, suggesting distribution rather than accumulation.
What Happens Next?
SHIB is currently stuck between two forces. On one side, there is growing real-world use and strong accumulation by holders. On the other, there is weak price momentum and technical pressure. For SHIB to move higher in a sustained way, it will likely need both continued adoption and a clear break above its current price range.
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