137 fake tokens use Ryoshi's name as the Shiba Inu price holds at $0.00000443

The Shiba Inu price stood at $0.00000443 late on Tuesday evening, November 10, 2026, roughly €0.00000397. Over 24 hours SHIB has lost practically nothing, while Bitcoin gave up about 2 percent to $73,735 and Dogecoin a little over 3 percent to $0.0678, according to market data from CoinGecko. The real news of the day is not a price, however. According to a report by U.Today, at least 137 counterfeit tokens are circulating that dress themselves up with the name of SHIB's anonymous founder, Ryoshi.

For SHIB holders in Germany this leads to a concrete check that belongs before every purchase and before any interaction with an unknown token in the wallet: who actually signed the transaction, and does the contract address match the genuine SHIB contract? This article puts the price in context, explains how the fake transfers come about and shows the levels SHIB will be measured against in the coming days.

Shiba Inu price on Tuesday evening: sideways while Bitcoin slips

The trading range over the past 24 hours ran from $0.00000432 to $0.00000447. That is a swing of a little over 3 percent between low and high, an unusually quiet day for a meme coin. Trading volume came to about $50 million, in line with the previous week, when daily figures moved between $34 million and $63 million.

The longer view remains weak. Over seven days SHIB has lost 4.6 percent, over 30 days 19.6 percent and over the year almost 56 percent. The token trades almost 95 percent below its all-time high of $0.00008616 from October 2021. Market capitalisation is about $2.6 billion, enough for 38th place among cryptocurrencies. Around 589 trillion SHIB are in circulation.

That SHIB does not give way on a day when Bitcoin and Dogecoin fall is notable, but it is not yet a trend signal. A single day of relative strength says little as long as the price remains below its moving averages. The average of the last 50 daily closes stands at $0.00000519, the 100-day average at $0.00000513. Both are more than 15 percent above the current price.

137 fake tokens under Ryoshi's name: what the report shows

The trigger was Mazrael, a long-standing member of the SHIB community, whose analysis U.Today picked up on Tuesday around midday. According to it, at least 137 tokens use Ryoshi's name or circle to appear legitimate. By that count, more than 9,131 fake transfers have run through these tokens, and more than 2,500 wallets are affected. Among the names are three tokens called "SHIBA INU2.0", three fake "Shibarium" tokens, one "BONE2.0", three "UNLEASHED DAO" tokens and one token simply named "Ryoshi".

The core of the analysis concerns the address that issued SHIB on Ethereum in 2020. This deployer address begins with 0xB8f2 and ends in FA08. According to the report, it has not sent a single transaction since October 2021, has created only one contract, SHIB itself, and has never left a public signed message. Mazrael sums it up this way: "The SHIB deployer never signed anything."

A deployer is the address that puts a smart contract on the blockchain. Whoever creates the contract signs that first transaction with their private key. If a transfer appears in a wallet history that seems to come from this address, even though it has been dormant for years, that is a strong warning sign.

The report also makes clear that the projects around SHIB do not all come from the same hand. LEASH was created by a different address, which is also behind the StarLink project, BONE by shiba-swap.eth according to Mazrael, and TREAT came from yet another deployer. Anyone promoting a new token as coming "from the Ryoshi wallet" is therefore claiming something that cannot be shown on the blockchain.

How fake transfers end up in the Etherscan history

An ERC-20 token is a program on Ethereum that manages balances and emits an event called Transfer with every movement. This event contains three pieces of information: sender, recipient and amount. Block explorers such as Etherscan and many wallets read exactly these events and display them as incoming payments.

The catch lies in the code. A malicious contract can emit a Transfer event with a sender of its choosing, without that address having done anything at all. The history then appears to show "from 0xB8f2…FA08", even though the transaction was sent and signed by a completely different address. That is why the second piece of advice in the report reads, word for word: "Always check who signed the transaction, not what the token says."

The goal of such campaigns is almost always the same. The recipient is meant to take the unknown token for a gift from the founder's circle, want to sell it and, in the process, grant an approval on a rigged website. Such an approval allows a third-party contract to move tokens out of your wallet. The fake token therefore only becomes dangerous through your own signature, not through its mere arrival in the wallet.

The genuine SHIB contract: how to verify the address before you buy

The genuine Shiba Inu token on Ethereum has the contract address 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE. On Etherscan it carries the name SHIBA INU, the ticker SHIB and 18 decimals, and its source code is marked as verified there. The page counts almost 1.7 million addresses holding SHIB. Among the parameters used to create the contract, the owner listed is exactly the address 0xB8f2…FA08 from the report.

This gives a simple sequence. First, for every token with "SHIB" in its name, you compare the contract address character by character with the genuine address above, not just the beginning and the end. Second, for an unexpected incoming transfer, you open the transaction itself and read its "From" field, not the sender shown in the token event. Third, you leave a token you did not buy untouched: no sale, no swap, no approval. An unknown token that you ignore costs you nothing.

Buying SHIB through an exchange largely sidesteps this problem, because the exchange has the genuine contract on file. The check becomes relevant as soon as you move SHIB to a wallet of your own or trade on a decentralised exchange, where anyone can list a token under any name.

Since Monday: the July low at $0.0000041 has held

On Monday, our article on the Shiba Inu price at its July yearly low asked whether SHIB would defend the zone around $0.0000041. That is where the lowest daily close of the past 120 days was set on July 17, at $0.00000411. After one day the answer is cautiously positive: Monday closed at $0.00000436, and Tuesday's intraday low was $0.00000432. The level itself was not even tested.

What has changed since then is mainly the situation on exchanges. On Monday, according to data reported by U.Today, exchange holdings stood at 86 trillion SHIB. On Tuesday the same outlet, citing CryptoQuant, reported a net outflow of about 114.6 billion SHIB from exchanges. A net outflow means that more tokens were withdrawn from trading venues than deposited. This is generally seen as a sign that less supply is available for immediate sale.

The scale puts the figure in perspective, though. At $0.00000443, 114.6 billion SHIB is worth about $508,000 and a little over 0.13 percent of exchange holdings. A single day of outflows does not turn the picture around, but it does confirm that selling pressure from the start of the week has not increased further.

Levels on the SHIB chart: $0.0000047 above, $0.0000041 below

On the upside, $0.0000047 is the first level that matters. SHIB last closed there on November 5, at $0.00000474, before the price fell in two steps to today's zone. A daily close above it would recover last week's leg down. The second level above lies at the 50-day average of $0.00000519. As long as the price stays below it, any rise is technically a recovery within a downtrend.

On the downside, $0.0000041 remains the decisive zone, the July low. A daily close below it would push SHIB under its low for the year so far and open the way for a new round of declines. In between, $0.0000043 offers short-term orientation, because Monday's and Tuesday's lows sit there.

For investors using stop orders this means: a stop placed just below $0.0000041 sits below a level that many market participants watch. A stop right on the round number, by contrast, is easily triggered in volatile phases before the price turns again. The range between the two levels is about 13 percent, an ordinary weekly move for SHIB.

Shiba Inu vs Dogecoin: the comparison over the last 30 days

Dogecoin and Shiba Inu are often mentioned in the same breath, but they do not move in step. Over 30 days Dogecoin has lost almost 22 percent, SHIB 19.6 percent. On Tuesday the gap was even clearer: minus 3.1 percent for Dogecoin, practically zero for SHIB. Dogecoin stands at $0.0678, while SHIB is still above its July low.

One reason for the difference lies in the structure of the tokens. Dogecoin has its own blockchain with ongoing issuance, while SHIB is a token on Ethereum with a fixed total supply, small portions of which are continually destroyed through burn mechanisms. A burn is the permanent transfer of tokens to an address that nobody can access. For the price on any single day, though, this hardly matters; there, exchange flows and sentiment across the wider market decide.

What the two have in common is that they swing more than Bitcoin. Over 30 days Bitcoin has lost 11.7 percent, a little over half of what the two meme coins gave up. Holding SHIB therefore means carrying a considerably higher price risk than with Bitcoin, even if Tuesday suggests otherwise.

Buying SHIB in Germany: a MiCA exchange instead of unknown tokens

Since the end of 2024 the EU's crypto regulation MiCA has applied. Providers that sell or hold crypto assets for customers in Germany need authorisation, either from BaFin or another supervisor in the EU. For buying SHIB this means that a provider with a MiCA licence lists the genuine contract, holds the tokens for you and is liable for custody under the rules of the regulation. Which platforms list SHIB and what they charge is shown in our crypto exchange comparison.

Fees vary more for a token like SHIB than for Bitcoin, because spreads are wider for smaller assets. A spread is the gap between the buy and sell price. When you buy through the simple app interface many providers offer, it is often higher than in the order book of the same exchange. Checking both prices before you buy shows what you really pay.

If you prefer to hold SHIB yourself, you move the tokens to a wallet of your own. The check from the section on the genuine contract then applies without exception: any token that lands there unsolicited is ignored. A hardware wallet shows on its own display what you are approving with every signature, which makes an unnoticed approval much harder.

SHIB at $0.0000044: without $0.0000047 the trend stays down

SHIB kept calm on Tuesday while Bitcoin and Dogecoin slipped, and the July low at $0.0000041 was not tested. That does not break the downtrend of the past 30 days, however. The fake tokens using Ryoshi's name change nothing about the price, but they do change the risk for everyone who holds SHIB themselves. Three steps for the coming days:

1. Check how you buy: Buy SHIB only from a provider with MiCA authorisation and compare spread and fees beforehand. Our comparison of regulated crypto exchanges gives an overview.
2. Secure your custody: If you move SHIB to your own wallet, compare the full contract address 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE and never sign an approval for unknown tokens. The hardware wallet comparison shows which devices support this.
3. Record your purchases: Note the date, amount and price of every SHIB purchase. The tax office will ask for them when you sell, and with many small purchases a tool from our comparison of crypto tax software helps.

(As of November 10, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)