# Shiba Inu token jumps 22% as meme coin refutes death rumors

**Published:** 2026-08-02T09:50:33.182Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/9a493ca6-1151-417b-88ea-373bdf51eb1f

Shiba Inu (SHIB) rallies 22% to two‑month highs after official X posts deny death rumors, with $500 M traded and futures open interest up 64% in a week.

Shiba Inu surged 22% over the past week, hitting a two‑month high and prompting the project’s official X account to mock “death” rumors while trading volume topped $500 million in the last 24 hours【1】.  

| At a glance | |
|---|---|
| Price | $0.000005110 |
| 24h change | –4.71% |
| Weekly gain | +22% |
| Catalyst | Official X posts debunking death rumors; $500 M 24h volume and 64% rise in SHIB futures open interest【1】 |

## Meme‑coin rally drivers  
The rally was sparked by a series of tongue‑in‑cheek posts from Shiba Inu’s X account, which quoted Mark Twain to dismiss recent “death” chatter and shared a Forrest Gump GIF urging the community to “run it back.” The messaging revived optimism after a weekend bounce that lifted the token to levels not seen since May 22. Trading activity surged, with more than $500 million changing hands in the previous 24 hours, an 18% jump in volume that helped push the weekly performance above 22%【1】.  

## On‑chain and market context  
Futures market participants also piled in, as open interest in SHIB futures climbed 64% over the week, according to Coinglass data【1】. South Korean exchanges, especially Upbit, recorded higher SHIB‑KRW volumes than Binance and Coinbase, with the KRW pair alone seeing over $46 million in 24‑hour trades【1】. Despite the weekly surge, the token slipped 4.71% in the last day, trading at $0.000005110【1】, underscoring short‑term volatility even as broader sentiment improves.  

## What to watch  
- **Price thresholds:** $0.000005200 (near‑term resistance) and $0.000004900 (support) as the token tests recent highs.  
- **Futures activity:** Continued growth in SHIB futures open interest could signal further speculative inflows.  
- **South Korean volume:** Any shift in Upbit’s dominance may affect price direction, given its current $46 million KRW‑pair turnover.  

The surge demonstrates how community‑driven narrative shifts can quickly revive a meme token’s market momentum, but the sharp weekly gain coexists with daily pullbacks, leaving the next price direction dependent on sustained speculative interest and regional trading flows.

## Sources
1. Benzinga — [Shiba Inu Says Reports of Its Death 'Greatly Exaggerated' as SHIB...](https://www.benzinga.com/crypto/cryptocurrency/26/07/60687028/shiba-inu-price-surge-why-shib-is-rising)
2. Webull — [Shiba Inu Price USD, SHIB Quote, History & News - Webull](https://www.webull.com/quote/ccc-shibusd)
3. CoinMarketCap — [Shiba Inu price today, SHIB to USD live price... | CoinMarketCap](https://coinmarketcap.com/currencies/shiba-inu/)

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Cite as: TrendWatcher, "Shiba Inu token jumps 22% as meme coin refutes death rumors", https://www.trendwatcher.in/article/9a493ca6-1151-417b-88ea-373bdf51eb1f