To participate in the giveaway, attendees must present a screen within the Rakuten Wallet application confirming their $SHIB holdings to the exchange’s staff at the booth. Rakuten Wallet indicated that all who meet this requirement will receive a giveaway item, with no stated exceptions.
Physical $SHIB coins and previous events
The commemorative $SHIB coins being distributed are physical metal souvenirs and do not have a technical link to the Shiba Inu blockchain. Rakuten Wallet first launched these coins earlier this year, introducing what it described as the world’s first physical Shiba Inu coin featuring a sandblasted—also known as blast finish—design.
In July 2026, Rakuten Wallet became the first entity to use this particular finish in minting $SHIB coins. The tokens serve purely as collector’s items with no cryptocurrency value.
Similar giveaways have taken place before: Rakuten Wallet previously distributed physical ‘Shib coins’ at its Fukuoka seminar and confirmed plans to hold comparable events in Sapporo and Osaka in October.
Rakuten Wallet’s repeated initiatives highlight its ongoing support for Shiba Inu, which it added to its trading offerings in April of this year.
Market context and investor activity
At the time of the announcement, Shiba Inu was trading at $0.00000494, reflecting a 3.78% drop in the previous 24 hours. This decrease aligns with a widespread decline across the cryptocurrency market, following renewed concerns about potential Federal Reserve interest rate hikes due to higher-than-expected inflation data released on Wednesday.
Official statistics showed a year-on-year increase in consumer prices of 3.7% through September, compared with 3.4% in August, surpassing analyst forecasts. The core Consumer Price Index, excluding food and energy, also rose to 2.6%, up from 2.4% the previous month.
Selling intensified early Thursday, with a total of $972.26 million in futures positions liquidated over the previous 24 hours, according to data from CoinGlass. Shiba Inu extended its losing streak to four consecutive days, falling to an intraday low of $0.000004811 during this period.
Futures market volatility heightened, with $972.26 million in positions liquidated during a period when Shiba Inu registered its fourth straight day of losses, dropping to $0.000004811 intraday.
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