Shiba Inu Reclaims 200-Day Average as ChainSpin's Presale Hits Milestones

Shiba Inu has reclaimed its 200-day moving average for the first time in 2026, marking an end to an 11-month bearish stretch that began last September. The move above the 200-day average is a significant technical signal that traders have been waiting months to see.

The token's market capitalization has stabilized around $3.22 billion to $3.26 billion, turning a former resistance zone into potential support. This breakout still needs to hold for SHIB buyers.

ChainSpin, a live licensed casino and sportsbook platform, is offering a different kind of entry point with its token presale. Stage 1 has already passed the 25% milestone, with more than $136,000 raised and over 10 million tokens sold at $0.0125 per unit.

ChainSpin's unique approach to tokenomics includes revenue-funded buybacks after public trading begins. A portion of weekly platform-generated revenue will be used to fund open-market $SPIN buybacks, with 60% intended to be permanently burned and 40% redistributed to holders as rewards.