Memecoins Show Mixed Momentum as Shiba Inu Growth Slows Down

The number of Shiba Inu holders is approaching 1.6 million but has grown by fewer than 2,000 in two weeks, indicating a cooling memecoin market.

Despite this slowdown, SHIB futures volume surged 60% in one day, driven by speculative trading linked to new features in T. Rowe Price's crypto ETF.

Dogecoin rose 8% after a technical buy signal and gained support from its addition to Japan's largest online marketplace, Mercari, enabling regulated retail purchases.