Shiba Inu Gains Momentum as Next ETF Candidate Amid Bitcoin's Technical Pressure

Shiba Inu (SHIB) has gained significant attention in the cryptocurrency market after Canary Capital's filing for a PEPE ETF. The filing has opened the door for meme tokens at the institutional level, and experts believe that Shiba Inu is well-positioned to be approved as an ETF due to its stable and liquid nature, large holder base, and confirmed CFTC futures on Coinbase.

A $90 million Hyperliquid whale has made significant moves in the market by opening 10x leveraged longs on XRP and SOL while hedging with HYPE shorts. This unusual strategy has sparked strong reactions in the community, with some interpreting it as a bullish signal for retail participants.