- Sales by whales and market fear push Shiba Inu price lower.
- SHIB card launches with no fees and free rewards for early users.
- Technical weakness keeps SHIB below key moving averages and support.
The price of Shiba Inu is facing renewed downward pressure despite the launch of a branded SHIB payment card and a major token giveaway.
While the SHIB card rollout and related reward program are high-profile efforts to boost activity, the memecoin’s market and technical fundamentals point to ongoing challenges.
Shiba Inu launches SHIB payment card and rewards
Shiba Inu partnered with digital asset exchange Bitget to introduce a branded SHIB payment card, a move aimed at increasing crypto adoption for everyday use.
The SHIB card lets users spend up to $400 per month in crypto with no fees, including no conversion charges, no foreign exchange fees, and no hidden spreads.
Opening a Bitget Wallet is completely free, lowering the barrier for new users who want to integrate SHIB into daily transactions.
To mark the launch, the Shiba Inu ecosystem introduced a generous reward campaign.
The first 100 users who claim the SHIB × Bitget Wallet Card share a pool of 114,678,899 SHIB, while all subsequent claimants receive $5 in SHIB.
The promotion runs from November 19 to November 26, with all rewards distributed on November 28.
According to Shiba Inu’s official X account, the campaign aims to demonstrate how the ShibArmy can spend crypto, combining real-world 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 the positive developments, Shiba Inu’s price fell 3.83% over the past 24 hours, underperforming the broader crypto market, which declined 3.2% in the same period.
The drop extends SHIB’s seven-day loss to 12.32%, reflecting weak technical signals and rising risk aversion across markets.
A primary driver of the decline is significant whale activity: more than 60 billion SHIB were moved to exchanges in the past 24 hours.
Large inflows to exchanges often precede selling, especially in low-liquidity conditions, increasing the risk of price declines as buyers struggle to absorb extra supply.
Investor sentiment has also weakened: the Fear & Greed Index shows “extreme fear” at 16/100.
Bitcoin dominance has risen to 58.44%, indicating capital rotation away from riskier altcoins like Shiba Inu.
SHIB’s high beta makes it especially vulnerable during broad market risk-off episodes, and the token’s limited intrinsic utility amplifies this vulnerability.
Altcoin season metrics suggest declining appetite for speculative tokens, adding further downward pressure on SHIB’s price.
Technical analysis signals a bearish outlook
Technically, Shiba Inu (SHIB) continues trading below key moving averages: the 7-day SMA sits at $0.000009027 and the 30-day SMA at $0.0000097059.
The RSI stands at 39.04, indicating the market is not in oversold territory and that buying pressure is limited.
Volume has decreased by 22.57%, reinforcing the lack of momentum and suggesting that even modest selling could push the price lower.
The June low near $0.0000083 is identified as a key support level to watch.
Shiba Inu price outlook
Although the SHIB × Bitget Wallet Card launch and the 114 million SHIB giveaway generated enthusiasm, they have not offset broader market and technical headwinds.
Whale selling pressure, extreme market fear, and weak technical indicators could limit the short-term impact of the card rollout and reward incentives.
Traders should monitor the November low around $0.00000843, especially if exchange inflows persist, as continued deposits could signal further downside risk.