Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Shiba Inu price slips despite payment card and 114M token giveaway launch: here’s why

Shiba Inu price slips despite payment card and 114M token giveaway launch: here’s why

CoinjournalCoinjournal2025/11/19 22:51
By:Coinjournal
Shiba Inu price slips despite payment card and 114M token giveaway launch: here’s why image 0
  • Whale selling and market fear push the Shiba Inu price lower.
  • SHIB card launches with zero fees and free rewards for early users.
  • Technical weakness keeps SHIB below key moving averages and support.

Shiba Inu price is facing renewed pressure despite the launch of an innovative SHIB-branded payment card and a major token giveaway.

While the launch of the SHIB card and accompanying SHIB rewards is a high-profile attempt to stimulate activity, the memecoin’s technical and market fundamentals suggest ongoing headwinds.

Shiba Inu launches SHIB payment card and rewards

Shiba Inu has partnered with digital asset exchange Bitget to introduce a custom SHIB-themed payment card, marking a step toward mainstream crypto adoption.

The SHIB card allows users to spend up to $400 per month in crypto with zero fees, including no conversion costs, foreign exchange fees, or hidden spreads.

Opening the Bitget Wallet Card is completely free, lowering the barrier for new users eager to integrate SHIB into daily transactions.

To celebrate the launch, the Shiba Inu ecosystem also rolled out a generous rewards program.

The first 100 users to claim the SHIB × Bitget Wallet Card will share a pool of 114,678,899 SHIB, while all subsequent participants receive $5 in SHIB.

The promotion runs from November 19 to November 26, with all rewards set to be distributed on November 28.

According to the official Shiba Inu X account, this campaign is designed to show the world how the ShibArmy can spend crypto, combining utility with community incentives.

🚨 SHIB × Bitget Wallet Card is LIVE! 🚨

WOOF! We're dropping an exclusive SHIB card face + SHIB rewards for the #SHIBARMY 🎁

Rewards:

First 100 users who claim the SHIB × Bitget Wallet Card get their share of 114678899 in $SHIB

Everyone after gets $5 in $SHIB

100% FREE to… pic.twitter.com/T3M8FmC35a

— Shib (@Shibtoken) November 19, 2025

Market headwinds weigh on Shiba Inu price

Despite these positive developments, the Shiba Inu price has dipped 3.83% in the past 24 hours, underperforming the broader crypto market, which fell 3.2%.

The decline extends the token’s seven-day loss of 12.32%, reflecting weak technical signals and heightened market risk aversion.

A major factor behind the drop is significant whale activity, with over 60 billion SHIB moved to exchanges in the past 24 hours.

Large inflows often precede selling, particularly in low-liquidity conditions, amplifying the risk of price declines as buyers struggle to absorb the additional supply.

Investor sentiment has also played a role, as the Fear & Greed Index shows “Extreme Fear” at 16/100.

Bitcoin dominance has also risen to 58.44%, signalling a rotation of capital away from riskier altcoins like Shiba Inu.

SHIB’s high-beta nature makes it particularly vulnerable during periods of market-wide risk aversion, and its lack of intrinsic utility exacerbates the impact.

Metrics reflecting the altcoin season indicate a diminishing appetite for speculative tokens, further weighing on the SHIB price.

Technical analysis signals a bear market

From a technical analysis standpoint, Shiba Inu (SHIB) continues to trade below key moving averages, with the 7-day SMA at $0.000009027 and the 30-day SMA at $0.0000097059.

In addition, the RSI sits at 39.04, indicating no oversold conditions and limited upward pressure from buyers.

Furthermore, the volume contraction of 22.57% reinforces the lack of momentum, suggesting that even moderate selling could push the price lower.

According to the analysis, the June low of $0.0000083 serves as a critical support.

Shiba Inu price outlook

While the launch of the SHIB × Bitget Wallet Card and the 114M SHIB giveaway have generated excitement, they have not offset broader market and technical challenges.

Whale selling pressure, extreme fear sentiment, and weak technical indicators could limit the short-term impact of SHIB card adoption and reward incentives.

As a result, traders should watch the November low of $0.00000843, especially if exchange inflows persist.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

MMT Token Experiences Dramatic Fluctuations Amid Shifting Blockchain Regulations and Changing Investor Trends

- Melania Meme Token (MMT) surged to $13.73 in 2025 before collapsing 99% to $0.1004, exposing risks of speculative memecoins. - Centralized control (89% supply in one wallet) and a fraud lawsuit triggered trust erosion amid regulatory scrutiny. - Contrasting XRP ETF launches and Ripple's $500M raise highlighted institutional preference for compliant, transparent tokens. - FOMO-driven retail frenzy and social media sentiment amplified MMT's volatility, underscoring crypto's psychological dynamics. - The ca

Bitget-RWA2025/11/20 03:20

Solana News Update: SEC's Crypto ETF Disagreement: Bitcoin Sees $1.6B Outflow, Solana Attracts $26M

- SEC's regulatory decisions drive divergent crypto ETF flows: Bitcoin ETFs lost $1.6B while Solana ETFs gained $26.2M in November 2025. - Traditional firms like Qualigen (now AIxCrypto) and Coincheck pivot to blockchain, signaling growing institutional adoption of decentralized technologies. - South Korea's Dunamu saw 300% Q3 profit growth linked to U.S. crypto regulatory progress, while Harvard invested $442M in Bitcoin ETFs. - SEC's focus on utility-driven crypto projects may accelerate ETF approvals fo

Bitget-RWA2025/11/20 03:02

Hyperliquid News Today: Phantom Brings Chains Together, Simplifying Crypto with HyperEVM

- Phantom Wallet integrates Hyperliquid's HyperEVM blockchain, enhancing cross-chain interoperability for crypto users. - Users can now manage HyperEVM assets, trade, and access liquidity directly within Phantom, reducing multi-wallet complexity. - Hyperliquid's $10.6B market cap and high-performance trading features position it as a key player in decentralized derivatives markets. - The integration aligns with industry trends toward simplifying multi-chain interactions, potentially accelerating mainstream

Bitget-RWA2025/11/20 03:02
Hyperliquid News Today: Phantom Brings Chains Together, Simplifying Crypto with HyperEVM

Bitcoin Updates: Turning Point or Opportunity? Recent STH Bitcoin Sales Signal Upcoming Bull Market Rebound

- Bitcoin's recent price drop below $100,000 triggered mass capitulation as short-term holders (STHs) dumped 148,000 BTC at a loss in 48 hours. - Institutional outflows worsened the sell-off, with $866.7M in Bitcoin ETF redemptions on Nov 13, led by Grayscale and BlackRock . - Long-term holders sold 815,000 BTC since Jan 2024, but whale wallets absorbed 45,000 BTC weekly, signaling potential market rebalancing. - Technical indicators show Bitcoin testing $94,000 support, with STH selling risks pushing pric

Bitget-RWA2025/11/20 03:02
Bitcoin Updates: Turning Point or Opportunity? Recent STH Bitcoin Sales Signal Upcoming Bull Market Rebound