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Ethereum Nearing A Turning Point? Supply-Demand Structure Suggest A Shift Is Coming In 2026
Ethereum is once again struggling to regain the $3,000 level, highlighting the fragile state of the market as selling pressure continues to weigh on price action. After multiple failed attempts to push higher, ETH remains locked below key resistance, reflecting broad uncertainty and a lack of conviction among both traders and long-term investors.
Market sentiment has deteriorated sharply, with apathy and fear dominating positioning as participants remain hesitant to deploy fresh capital. Rather than aggressive capitulation, the current environment points to exhaustion and indecision, a common feature of late-cycle corrective phases.
According to a recent report by XWIN Research Japan on CryptoQuant, Ethereum is now in a late-stage bearish phase that appears to be transitioning into a more range-bound structure. While bearish pressure still dominates the broader trend, the nature of selling activity is changing.
Instead of sharp, panic-driven sell-offs, the market is experiencing slower, more methodical distribution, suggesting that many weak hands may have already exited. This shift often marks a critical inflection point, where volatility compresses, and price stabilizes within a defined range.
The report notes that such phases typically reflect a market searching for equilibrium. Although this does not guarantee an immediate recovery, it does indicate that downside momentum may be weakening. For Ethereum, the coming weeks will be decisive in determining whether this range evolves into a base for recovery or resolves into another leg lower. Ethereum’s On-Chain Structure Improves As Price Weakness PersistsWhile Ethereum continues to struggle below key resistance levels, on-chain indicators suggest that the underlying market structure may be gradually improving. Data shows ETH leaving exchanges at the fastest pace of this cycle, a move increasingly associated with self-custody, staking, and long-term holding rather than short-term trading activity.
This shift is reinforced by validator queue dynamics: for the first time in six months, the entry queue has surpassed the exit queue, with roughly 745,000 ETH waiting to be staked versus around 360,000 ETH queued for withdrawal. The imbalance points to renewed staking participation and a tightening medium- to long-term supply profile.
Additional context comes from the 90-day Spot Taker CVD, which indicates a transition away from strongly sell-dominant conditions toward neutral to mildly positive pressure. Although this does not imply an immediate price rebound, it suggests that aggressive selling is beginning to lose intensity.
That said, Ethereum ETF flows remain negative on both daily and weekly timeframes, signaling that institutional demand via financial products continues to weigh on price action.
Beyond market flows, Ethereum’s network activity remains resilient. Deployed smart contracts reached a record 8.7 million in Q4 2025, while on-chain real-world asset value expanded to approximately $19 billion, led by Ethereum. These trends indicate that usage-driven demand remains intact despite weak sentiment.
The data support a scenario of ongoing price pressure alongside gradual structural improvement. This assessment would weaken if exchange balances rise again or sell-side flows regain dominance.
Price Remains Below Key Moving AveragesEthereum continues to trade in a tight consolidation near the $2,900–$3,000 zone, reflecting persistent indecision after the sharp correction from the $4,800 cycle peak. The chart shows ETH struggling to reclaim the 50-day and 100-day moving averages, which are now acting as dynamic resistance around the $3,200–$3,600 region. Each attempt to push higher has been met with selling pressure, reinforcing the broader bearish structure that has been in place since November.
From a trend perspective, price remains below the declining short-term moving average, while the 200-day moving average near the $3,500 area continues to slope downward. This configuration signals that Ethereum is still trading in a corrective phase rather than a confirmed recovery.
However, downside momentum appears to be weakening. The recent series of higher lows around $2,750–$2,800 suggests that buyers are defending this range as a short-term demand zone.
Volume has also compressed during the latest consolidation, a sign that aggressive selling may be losing intensity. This aligns with the broader narrative of exhaustion rather than renewed capitulation. Still, without a decisive reclaim of $3,200 and a move back above the 50-day average, any upside attempts remain vulnerable.
Featured image from ChatGPT, chart from TradingView.com
Here’s The XRP Fractal That Says Price Is Headed To $27
A technical analysis shared by EGRAG CRYPTO outlines a specific fractal structure that he believes is still guiding XRP’s broader price behavior. The model does not frame the move as inevitable, and it leaves room for uncertainty.
Instead, it outlines a conditional roadmap based on how XRP continues to move within a white fractal that the analyst says is tracking with roughly 82% accuracy and, if maintained, points to a possible advance to as high as $27.
What The White Fractal Is Showing Right NowThe focus of the analysis is what EGRAG refers to as the White Fractal, which is the most realistic version of the different fractals he is currently tracking. Unlike earlier fractal iterations, this one is treated as an evolving structure that must continue to align with price action to keep being valid.
According to the analyst, the current setup is about 82% aligned with XRP’s price action this year, based on similarities in accumulation behavior, breakout formation, and interaction with exponential moving averages.
EGRAG was careful to note that this version has not yet earned a full upgrade to his higher-confidence blue or green fractals, keeping expectations grounded in what the structure is actually delivering so far.
How The Fractal Projects XRP Price TargetsThe prediction for XRP’s price outlook is a sequence of price zones, each tied to a declining probability as price action moves higher. According to the projection, the most statistically favored outcome is around the $3.20 level, which EGRAG assigns a 75% probability if the fractal structure continues to play out.
From there, the roadmap allows for a continuation to $8, although the probability drops to about 65% due to the additional momentum and participation required for XRP to sustain that move.
After $8, the fractal begins to enter more speculative price territories. The next price target zone is around $15 to $16, and EGRAG places the probability here at around 55%. The final and most ambitious zone sits between $20 and $27, which he assigns a 50% probability.
This upper range represents the peak end of the fractal projection and corresponds with the final expansion phase shown in the chart above. EGRAG estimates that, if the structure is valid, the expansion phase would most likely unfold between June 2026 and October 2026.
However, he was careful to note that these projections are not guarantees. A sustained break below $1.60 would reduce the probability of XRP’s price action following projections by the fractal. A deeper move below $1.30 would mean that XRP’s current cycle has diverged too far from the fractal being referenced, which invalidates the model entirely.
Ethereum Staking Deposits Just Surpassed Withdrawals, Why This Could Send ETH Price Above $4,000
The ETH price could be gearing up for a major recovery from downtrends as the Ethereum network shows renewed signs of strength. On-chain data shows that validator deposits have once again outpaced exits, even after months of higher withdrawal activity, reflecting improved sentiment among holders. Notably, the change is being closely watched as a potential catalyst that could tighten supply and support a move towards or above the $4,000 level.
Ethereum Staking Deposits Overtake WithdrawalsEthereum is seeing a notable shift in staking activity as validator deposits have surpassed withdrawals for the first time in six months. Validator entry queues have surged to more than twice the size of exit queues, pointing to renewed demand for staking and growing confidence among institutional partners and ETH long-term holders.
Data from ValidatorQueue shows that Ethereum’s validator entry queue has climbed to roughly 788,310 ETH, at the time of writing. At current prices, this represents about $2.3 billion in value and comes with an estimated wait time of 13 days and 16 hours to activate new validators. By contrast, ETH’s validator exit queue remains significantly smaller, standing at around 312,091, valued at approximately $916,923, as of writing.
Notably, the current level represents the highest ETH volume queued for staking since late November. A surge in staking inflows above withdrawals has also been frequently associated with bullish price action for Ethereum.
Meanwhile, treasury buyers have played a significant role in this increase in validator entry queues, with Ethereum-focused firm Bitmine leading the way. Data from LookOnChain reveals that the crypto company staked 342,560 ETH on December 28, valued at roughly $1 billion. Bitmine’s staking activity comes as it prepares to launch its Made in America Validator Network (MAVAN) in 2026. Such large-scale staking by treasury firms typically reduces ETH’s liquid supply, which, in turn, can support higher prices.
Beyond treasury companies, Ethereum’s broader network participation is also rising. ValidatorQueue reports that there are now more than 983,060 active validators on the blockchain, representing approximately 29.29% of the total supply, or around 35.5 million ETH, currently staked. Moreover, the Ethereum Pectra upgrade has improved users’ staking experience and raised maximum validator limits, making restating easier for large balances.
How This Could Push ETH Price Past $4,000Historically, periods when the Ethereum validator entry queue exceeds the exit queue have often preceded major ETH price rallies. Analysts note that the last time staking deposits surpassed withdrawals, in June 2025, Ethereum’s price had doubled over a short span.
If history repeats itself, the cryptocurrency could experience another sharp rally in 2026. From its current price of above $2,930, a continuation of trends could push it well above $4,000. Analysts also confirm that ETH is currently testing the $3,000 level, and a strong bounce from this zone could open the path toward $4,000.
Analyst Predicts When The Bitcoin Supercycle Will Actually Begin
A crypto analyst is pushing back against growing narratives around the Bitcoin supercycle, arguing that BTC’s biggest breakout is yet to arrive. He has revealed when the real supercycle will begin, centering his bullish thesis on a generational shift in capital, where BTC potentially overtakes traditional safe-haven assets like Gold as the preferred long-term store of value.
The “Real” Timeline For The Bitcoin SupercycleOn December 27, crypto market expert Killa shared a new long-term thesis on X that challenges the popular bullish expectations for BTC this cycle. He argues that countless traders have prematurely declared the start of the Bitcoin supercycle without understanding what truly triggers one.
According to Killa, the real supercycle does not begin simply because Bitcoin rises in price or outperforms short-term expectations. Instead, he explained that a genuine supercycle starts only when capital structurally rotates away from precious metals and into BTC.
The analyst emphasized that Gold must first enter a sustained multi-year downtrend while Bitcoin simultaneously absorbs flows and breaks into new highs driven by “absolute scarcity.” In his view, this moment represents a decisive shift in which older capital remains parked in Gold while newer-generation capital moves into a fresh asset class.
Supporting his bullish thesis, Killa compared Gold in 1972 to where Bitcoin may be heading into 2027. The analyst presented a chart showing Gold consolidating after a strong advance, then pulling back into key retracement zones before launching into an explosive multi-year rally that grossly outperformed other major asset classes.
Killa noted that Bitcoin’s structure is almost identical to Gold’s historical setup from this time, with price trending inside a rising channel and recently pulling back from the upper boundary. The chart highlights similar retracement levels that suggest consolidation rather than trend failure, reinforcing the analyst’s belief that Bitcoin may end up outpacing every asset class in the next cycle.
Also, the analyst placed strong emphasis on market capitalization to frame BTC’s upside potential. He pointed out that even if Bitcoin were to climb to $200,000, its market cap would still be roughly six times smaller than Gold’s. With Gold valued at approximately $31.7 trillion and Bitcoin at around $1.83 trillion, the disparity leaves more room for BTC’s price to grow in the future.
BTC’s Next Surge Could Begin Amid Rising FearIn the same post, Killa warned that new market fears have emerged, shaking investor confidence. He has stated that quantum computing and Artificial Intelligence (AI) are the latest concerns, following previous worries about regulation, energy use, and market volatility.
The analyst expects this fear to push many participants out of the market just before Bitcoin’s major move begins. He believes this cycle may be the last opportunity to accumulate BTC below $100,000, signaling a potential end to prolonged bear market conditions. Despite the risks of a continued downtrend, Killa has revealed that he plans to continue buying BTC, predicting a decisive upward trend soon.
Galaxy Digital’s Bitcoin Outlook: Uncertainty For Next Year, $250,000 Goal Set For 2027
Galaxy Digital has set an ambitious target of $250,000 for Bitcoin (BTC) by 2027, while cautioning that the outlook for 2026 appears “too chaotic” to make accurate predictions.
In its recent predictions report, the firm acknowledges the possibility of Bitcoin reaching new all-time highs next year, but emphasizes the considerable uncertainty surrounding near-term price movements.
Factors Influencing BTC’s FutureOptions markets are pricing an equal chance for Bitcoin to land at either $70,000 or $130,000 by the end of June 2026. Similarly, the odds for the year-end target range from $50,000 to $250,000, indicating a significant degree of volatility and unpredictability ahead.
Currently, the broader cryptocurrency market is in a deep bear phase. Bitcoin is struggling to regain its previous bullish momentum and has retraced by 30%, reaching a current trading price of just above $88,000.
Galaxy Digital suggests that until the market’s leading cryptocurrency can firmly establish itself above the $100,000 to $105,000 mark, the risks may remain tilted toward the downside.
The firm identifies several factors influencing uncertainty in financial markets, including the pace of artificial intelligence (AI) capital expenditure, monetary policy conditions, and the upcoming US midterm elections in November.
Uneventful 2026 For BitcoinGalaxy Digital also predicted that 2026 could be relatively uneventful for BTC, with prices potentially fluctuating between $70,000 and $150,000. Nevertheless, the firm’s bullish sentiment for the long-term horizon continues to strengthen.
Contributing to this optimism is the expanding institutional access to Bitcoin, alongside an easing of monetary policy and a market striving for alternatives to dollar-denominated assets.
Galaxy Digital posits that BTC could follow a trajectory similar to gold, evolving into a widely accepted hedge against monetary debasement over the next two years.
Featured image from DALL-E, chart from TradingView.com
Bitcoin Veteran Investors Hold Firm As Sell-Side Activity Declines – An End To Distribution?
On Monday, Bitcoin set its course to reach the $90,000 price mark once again, but this move was brief as the flagship asset quickly lost the level and experienced a pullback. Despite the fluctuating price action, selling pressure seems to have reduced, and accumulation is gradually gaining traction.
Selling Pressure From Bitcoin Long-Term Holders EasesEven with ongoing heightened volatility hampering the Bitcoin price movement, bullish sentiment is returning among veteran investors or long-term holders. These key investors seem to be shifting gears again a report shows that selling pressure from the group has noticeably dropped.
This report from Darkfost, a market expert and CryptoQuant’s author, challenges the ongoing notion that long-term BTC holders are selling their coins more than ever. “While we still see many posts claiming that LTHs are selling more than ever, the reality is quite different,” the expert stated.
Bitcoin long-term holders here indicate wallet addresses that have held the coin for more than 6 months. Meanwhile, wallet addresses holding for less than 6 months are considered short-term holders.
Darkfost conducted the research by adjusting the chart to isolate the movement of nearly 800,000 BTC from Coinbase, which was distorting long-term holder data. As viewed in the LTH Supply Change 30d Sum (Coinbase Fix) metric, the chart shows a clear shift in supply change.
According to the data, the supply change in the monthly time frame has been firmly anchored in a distribution phase since July 16, until recently. In other words, the share of supply held by long-term holders had been in a steady decline for several months.
The shift suggests that these investors are now more likely to stick with their positions, indicating a resurgence of conviction in the larger trend of Bitcoin. Furthermore, it comes at a critical juncture for the market, which provides new insight about emotion, supply dynamics, and potential future price action.
A Small But Important Change In SupplyAfter a period of downside movement, the chart has now moved back into positive territory, as over 10,700 BTC were observed transitioning into long-term held coins. While this is still a very modest change in the action of investors, it is not insignificant.
Meanwhile, with this change, long-term holders appear to have reduced their selling pressure to the point where their supply is beginning to exhibit an increase again. At the same time, short-term holders continue to hold their BTC.
In the past, Darkfost stated that these kinds of changes have frequently preceded the emergence of bullish recoveries or consolidation stages. However, this trend depends on how the broader trend evolves.
At the time of writing, Bitcoin is hovering near the $87,300 level. However, within just a few hours on Monday, the price of BTC witnessed an increase of $3,000. According to Darkfost, this slight pump is mainly triggered by activity in the derivatives market as its Open Interest surged by $2 billion over the same period.
When this kind of move occurs, it is often short-lived. This is because leveraged positions tend to be temporary, which commonly prevents the market from forming a healthy base for a sustained bullish reversal.
China Turns To Interest Rates To Kick-Start Digital Yuan Adoption
According to reports, China will let commercial banks pay interest on balances held in digital yuan wallets starting January first, 2026.
The People’s Bank of China has laid out a new framework that moves the e-CNY from a cash-like tool to something closer to a bank deposit. Lu Lei of the PBOC is named in official notices about the change.
Banks To Pay Interest On e-CNYBased on reports, holders of merchant or personal digital wallets will earn interest calculated by the banks that run those wallets.
The move requires banks to treat digital yuan holdings more like deposits, and it brings those balances under China’s deposit insurance protections. Reports say non-bank payment firms that operate wallets must keep 100% reserves for the e-CNY they manage.
Adoption Numbers And RulesAccording to official figures cited in media coverage, by November 2025 there were about 3.48 billion e-CNY transactions with a combined value near ¥16.7 trillion — roughly $2.37 trillion.
The new policy links interest payments to existing deposit rate arrangements, which means interest rates on e-CNY will be set in line with how banks price other deposit accounts.
Observers have pointed out that the change could shift where consumers keep money, since insured, interest-bearing e-CNY becomes more attractive for storing funds.
Reports have disclosed that digital yuan wallets will be subject to rules similar to those for regular bank accounts. Deposit insurance will apply, and reserve and reporting requirements will be tightened for third-party payment providers.
The PBOC framework also sets clearer rules for cross-border testing that was already under way with partners such as Singapore, Thailand, Hong Kong, the UAE and Saudi Arabia.
Banking And Policy ImpactBanks will need to adapt systems for interest calculation and for clearing e-CNY transactions at scale, which could increase operational costs in the short term. That said, some costs may be offset if more money flows into e-CNY wallets and fewer funds stay in nonbank payment platforms.
Monetary authorities will watch how these flows interact with the broader money supply and lending operations, because shifts in where deposits sit can affect credit channels.
For everyday users, the most direct change is that holding e-CNY could earn interest and enjoy the same insurance protection as deposits. For businesses, payment settlement may become cheaper or faster depending on how banks price services.
Reports suggest regulators aim to keep the system safe by demanding full reserves from third-party operators and clearer oversight by banks.
Based on reports and official statements, the change takes effect on January 1, 2026, and it marks a major step in China’s long running e-CNY program. Regulators, banks and users will all be watching how interest rules are applied and whether the shift leads to wider use of the digital currency.
Featured image from Unsplash, chart from TradingView
Миллиардер объявил о создании риелторской компании с резервом биткоинов
Японская Metaplanet увеличила свой запас биткоинов
How XRP’s Utility Will Drive Price Appreciation In The New Year
Crypto pundit SMQKE has shared a document highlighting why XRP’s utility will drive price appreciation in the new year. This follows a debate sparked by another pundit, Lewis Jackson, who argued that the altcoin’s payment utility doesn’t translate to higher prices.
How XRP’s Utility Will Drive Future Price AppreciationIn an X post, SMQKE shared a document that highlighted XRP’s utility through Ripple’s payment system. In line with this, he noted that this is further evidence that the token’s utility will drive future price appreciation. The pundit further remarked that XRP is designed to operate within the global payment infrastructure, a move that could widely boost its adoption.
SMQKE also noted that Ripple integrates with existing systems to improve speed, cost, and settlement efficiency. As such, as financial institutions adopt the XRP Ledger (XRPL), the pundit stated that XRP will be used directly in payment flows. He then alluded to the document, which, from a payments perspective, he said, demonstrates how institutional settlement activity creates sustained demand for XRP. The pundit added that price appreciation is supported through real transaction flow.
The document noted that when Ripple processes a transaction, 0.00001 XRP is removed from circulation. As such, they expect the altcoin’s circulating supply to decline over time and its price to rise in the process due to a potential supply shock. On the other hand, Lewis Jackson claims that XRP is simply recycled whenever institutions use Ripple’s payment system for cross-border transactions.
He declared that XRP’s utility is unlikely to drive higher prices, as these institutions, including banks, do not need to hold a significant amount of XRP to process transactions on Ripple’s payment system. This has sparked debate in the XRP community with another pundit, Apex Crypto, describing these statements as “dangerous junk” that could mislead people, especially new community members.
XRP Still At Risk Of Dropping Below $1Crypto analyst Ali Martinez has warned that the XRP price is still at risk of dropping to as low as $0.80 amid debate over how the token’s utility will drive price appreciation. He outlined reasons why this massive price decline is a possibility, including that the XRP Ledger’s activity has cooled significantly. Martinez noted that daily active addresses have fallen to around 38,500, indicating fading participation and interest.
Furthermore, the analyst stated that XRP whales have turned into sellers, offloading over 40 million coins in recent days. He added that if the selling pressure continues, the altcoin risks losing the $1.77 support level, with a breakdown opening the door to the next major support near $0.80.
At the time of writing, the XRP price is trading at around $1.85, down over 2% in the last 24 hours, according to data from CoinMarketCap.
Ethereum Large Holders Stepping Back In With Strong Accumulation, Is A Major Rally Finally Close?
Ethereum’s price is experiencing a notable uptick in certain key areas following the slight bounce above the $3,000 mark on Monday. Even though ETH has lost the pivotal price level due to a broader market pullback, a certain group of investors is now starting to show heightened demand for the leading altcoin.
Big Ethereum Wallets Re-Entering The MarketThe Ethereum market appears to be shifting once again into a period of demand and accumulation. ETH’s holder behavior is undergoing a decisive shift as observed among major investors or whales, who have returned to accumulation mode.
After several weeks of relative caution, Mlik Road, a crypto and macro researcher, outlined that large ETH holders have been steadily increasing their holdings in the past few days. This steady accumulation is being carried out by wallet addresses holding more than 1,000 ETH, signaling renewed confidence in the altcoin’s long-term prospects.
Data from the Ethereum Retail and Large Investor Holdings metric shows that whale holders have acquired over 120,000 ETH valued at approximately $350 million since December 26. With the price of ETH facing volatility, this action indicates that smart money investors might be preparing themselves ahead of a major upward move, even if the price movement is still measured.
As a result of the massive accumulation, wallet addresses containing 1,000+ ETH currently control roughly 70% of the entire supply in circulation. A look at the chart shows that this share held by the cohort has been on a steady increase since late 2024, reflecting the unwavering resilience of the investors despite multiple sideways movements.
Should this behavior continue, Milk Road highlighted that the market may not fully be pricing in where the smart money anticipates ETH to head next.
Institutions Are Doubling Down on ETHETH accumulation has also experienced a significant uptick at the institutional level as many large corporations double down on the leading altcoin. Lookonchain, a on-chain platform, reported that Trend Research, an investment firm specialized in secondary markets, is still stacking up USDT to purchase more ETH.
After a period of steady acquisition, Trend Research has now amassed over 601,074 ETH worth a whopping $1.83 billion. This action demonstrates the company’s robust conviction in Ethereum and its expanding ecosystem.
Based on the on-chain ETH withdrawal prices from Binance, the world’s largest cryptocurrency exchange, the average purchase price of the company’s stash is $3,265 per coin. The firm has also borrowed a total of $958 million in stablecoins from the Aave blockchain to buy ETH.
Bitmine Immersion, a leading public company led by Tom Lee, has also resumed its ETH accumulation. Lookonchain highlighted that the company purchased another 44,463 ETH valued at $130 million last week. As a result, the firm now boasts of over 4,110,525 ETH worth a staggering $12 billion.
Shiba Inu Lead Dev Issues Must-Read Year-End Letter: What You Must Know
Shiba Inu lead developer Kaal Dhairya published a year-end letter on Dec. 29 describing what he called the most difficult period in the project’s history, outlining post-hack recovery steps, law-enforcement engagement, and a proposed on-chain claims system meant to track repayment to affected users.
Shiba Inu’s Team Year-End Letter“This year — especially the last few months — has been the hardest period in Shiba Inu’s history,” Dhairya wrote. “The hack happened. The leadership that was supposed to be here and help us through this difficult time — isn’t. They left, without accountability, and without looking back. I stayed.”
Dhairya said he is not writing as Shiba Inu’s “official ‘leader,’” but argued the community deserves a direct update on what has been done, what is still unresolved, and what changes internally. He described the team working “around the clock — all-nighters, weekends, holidays,” and positioned the letter as an accountability-driven reset focused on repayment and core infrastructure.
Addressing claims that the team failed to file official complaints, Dhairya said a formal process is underway and pushed back on demands for public proof. “I have personally been interviewed by not one, not two, but three federal agents,” he wrote. “I passed on everything I have — all the information, all the OSINT, all the details we gathered during and after the incident. The official process is happening. It has been happening.”
He declined to share a complaint ID and said he would not continue “defending” the response to opportunistic critics, arguing some are “looking to sell their snake oil and keep extracting from you.”
Dhairya said “the technical recovery is largely complete,” detailing changes made after the hack. He wrote that the Plasma Bridge is back online with new safeguards, including “blacklisting, 7-day withdrawal delays, and hardened contracts,” and said more than 100 critical contracts have been moved to hardware custody. Hexens reviewed “every major change,” he added, and the checkpoint system is functioning again.
He also flagged a longer-term architecture change: “We’re also decoupling the bridge from the validators,” describing it as foundational work intended to enable decentralization of Shibarium. Even with that, he cautioned that malicious validators remain a risk and decentralizing the chain “won’t be easy.” Dhairya drew a hard distinction between restoring infrastructure and repaying users. “But technical recovery is not the same as making people whole,” he wrote.
SOU: ‘Shib Owes You’ Claims Via NFTTo address repayment, Dhairya introduced SOU (“Shib Owes You”), a system he stressed is “not live yet” and likely to attract scammers pretending otherwise. Under the proposal, every affected user receives an “SOU NFT” that records what the ecosystem owes them as an on-chain claim on Ethereum.
“This isn’t a promise in a database somewhere,” Dhairya wrote. “It’s cryptographic proof that you own a claim, recorded permanently on the Ethereum blockchain where no one can manipulate it or make it disappear.”
Each SOU tracks a principal amount that declines as payouts occur or donations are applied, with progress visible “in real time” and verifiable. Dhairya said SOUs can be “merged, split, or transferred,” including the option to sell a claim for liquidity on supported marketplaces. He added that the system’s components—“minting, payouts, donations, transfers”—have been audited by Hexens.
Dhairya argued the system only works if cash flow is routed into it, and said that should be treated as an obligation for ecosystem participants, particularly those controlling official distribution channels. “For SOU to function — for affected users to actually get made whole — revenue has to flow into the system,” he wrote. “That means everyone who benefits from the Shiba Inu ecosystem needs to contribute back. Not optionally. As an obligation.”
He said he will pause or sunset projects that are not generating revenue or reaching break-even, and prioritize initiatives that can fund repayment. “Revenue flows to SOU. SOU pays back affected users. If a project doesn’t fit that chain, it waits,” Dhairya wrote. He also previewed potentially contentious changes, including revisiting tokenomics and restructuring or merging systems to redirect value “back to the network and to the users who were affected.”
In closing, Dhairya said he has personally committed significant time and funds to keep the ecosystem running, but cannot do so indefinitely. “I cannot keep doing this forever,” he wrote, calling for others to step up if they believe Shib should be “a decentralized network” rather than “a meme” or “a pump.”
“The year ahead won’t be about hype,” Dhairya added. “It will be about repair, focus, and building something that can actually last.”
At press time, Shiba Inu traded at $0.00000721.
