Why did Shiba Inu suddenly rise?

Hello everyone.
I am an apple farmer who quietly watches the market trends today, just like I watch the apple trees in my orchard.🍎

Recently, Shiba Inu has seen a very strong rebound.

At first, I thought it was just a typical meme coin rebound, but after looking into it a bit, it seems that the market reacted to a combination of several factors rather than just one major piece of news.

It was added to the 'eligible assets list' in the US

First, I want to draw attention to the moves by the major US asset management firm, T. Rowe Price.

T. Rowe Price is preparing products that combine multiple crypto assets, and Shiba Inu was included in their 'list of potential investment assets'.

However, we need to look at this accurately.

This does not mean they have already bought Shiba Inu.

It simply means it has been added to the list of assets they can buy if they deem it necessary.

Even so, I think it is significant that Shiba Inu, which started as a meme coin, has been included in an institutional product list alongside Bitcoin, Ethereum, Solana, Ripple, and Dogecoin.

In other words, for Shiba Inu, 'the door for institutional investors has opened slightly'.

In Japan, it is spreading to services closer to daily life

The next big thing is the movement in Japan.

In Japan, Shiba Inu is gradually entering spaces closer to the general user.

Mercari's crypto asset service, Mercoin, has added several tokens including Shiba Inu and Dogecoin.

In the case of Mercari, there is a system where you can use the proceeds from selling items you don't need to buy crypto assets within the app.

This is quite important.

When buying crypto assets normally, the process involves registering at an exchange, verifying your identity, depositing from a bank, and then making a purchase.

But with a service like Mercari, you can access crypto assets directly from your sales proceeds.

This means that even for people who are not familiar with crypto assets, the hurdle to accessing Shiba Inu is significantly lowered.

Additionally, Rakuten Wallet has added spot trading for Shiba Inu and is also running related campaigns.

Rakuten is a large group that encompasses e-commerce, payments, points, and financial services.

The fact that Shiba Inu is being handled within that ecosystem means there is a possibility that Shiba Inu will become more familiar to general users in Japan.

Especially in Japan, the "Shiba Inu" motif itself is very approachable, so I think Shiba Inu has an aspect that makes it easier to be accepted as a crypto asset with character, rather than just an overseas meme coin.

Burning is also a point of interest

Since Shiba Inu is a token with a very large issuance, movements to reduce supply through burning—that is, sending tokens to an address from which they can never be retrieved—are also easily noticed.

Recently, the mechanism where a portion of fees related to Shibarium is converted into Shiba Inu and burned has been receiving renewed attention.

Furthermore, there was talk that Shiba Inu was sent from a Robinhood-related wallet to a burn address.

Of course, this burning alone does not mean the total supply will decrease significantly all at once.

However, for meme coins like Shiba Inu, increased burning, the movements of large wallets, and expectations of a decrease in supply tend to influence investor sentiment.

This rise is a "compilation of expectations"

This rise in Shiba Inu appears to be the result of multiple factors piling up, rather than being driven by any single piece of news.

In the United States, it was included in a list of assets for institutional products.

In Japan, its handling has expanded through services close to daily life, such as Mercari and Rakuten.

Furthermore, the movements of burning and Robinhood-related wallets also became a topic of conversation.

I believe the market reacted as these factors gradually overlapped.

However, it is too early to conclude at this stage that "US institutions have bought large amounts of Shiba Inu."

At this point, it is closer to a situation where expectations that it might be incorporated in the future have been reflected first, rather than factors based on actual purchases.

Points to watch in the future

What is important when looking at Shiba Inu from now on is, first of all, whether Shiba Inu will actually be incorporated into T. Rowe Price's products.

It is currently at the stage of being considered a 'buyable asset'.
If it actually gets included as a held asset, it could become an even bigger catalyst.

Next is the expansion of its use in Japan.

How much will general users who are not familiar with crypto assets interact with Shiba Inu through services like Mercari or Rakuten?

This is a part I want to keep watching in the future.

Also, whether the usage volume of Shibarium and the burns will continue is important.

Will it end as a temporary topic, or will it be used little by little as an ecosystem? I think the evaluation will change here.

Summary

Shiba Inu is still a highly volatile meme coin.

Therefore, chasing it by looking only at short-term price movements carries significant risk.

However, looking at this recent rise, I feel it is a bit different to dismiss it as just a joke coin like before.

In the U.S., it has become a candidate for institutional products,
in Japan, it is spreading to services close to general users like Mercari and Rakuten,
and furthermore, the burns and the movements of large wallets are also attracting attention.

In other words, this rise in Shiba Inu seems to be a movement where multiple expectations overlapped rather than a single isolated factor.

Apples in an orchard don't suddenly ripen in a single day either.
Small changes accumulate, and sometimes you realize they have become a large harvest.🍎

Will this trend for Shiba Inu lead to real demand?
Or will it end with short-term expectations?

This is something I want to continue to watch calmly.

*This article is a personal market analysis and does not recommend investment. Crypto assets and meme coins carry risks related to price volatility, liquidity, regulation, project management, and token supply. Please be sure to check and make decisions for yourself.