- Shiba Inu price rises amid ETF speculation and signs of whale accumulation.
- However, Shibarium activity plunged by 82%, weakening token utility and burn mechanics.
- A key support at $0.0000095 could decide SHIB’s short-term direction.
The price of Shiba Inu bounced back following renewed institutional interest driven by speculation around crypto ETFs, though its longer-term outlook remains mixed.
SHIB climbed about 3% today, outperforming the broader crypto market by roughly 2.03% as traders reacted to the proposed filing for active crypto ETFs from $1.6 trillion asset manager T. Rowe Price — a move that explicitly lists Shiba Inu as a potential holding.
Despite the short-term uptick, the broader memecoin trend still shows signs of strain. Weakness on-chain, declining network activity, and lingering security concerns temper optimism about a sustainable rebound.
Supply and liquidity metrics under the headlines paint a more cautious picture.
Exchange reserves have also dropped sharply, with an 84.55 trillion token decline from September 2024 to September 2025.
Such a supply shock often precedes short-term price swings as available sell-side liquidity thins. At the same time, these withdrawals increase volatility risk and could amplify moves if whales choose to redeploy balances to markets rather than continue to hold.
Whales, Shibarium, and the risk of losing another decimal place
Technical indicators tell a nuanced story.
SHIB found support near the 61.8% Fibonacci retracement and bounced off a key area around $0.0000095–$0.0000098. The RSI hovered near 30 and the MACD histogram recently flipped to positive.
Short-term targets point to $0.00001078 and higher if buyers can overcome immediate resistance at the 7-day and 30-day SMAs.
Resistance remains stiff, however, and the 200-day and 30-day moving averages present barriers that could stall a rally.
On-chain fundamentals and development metrics also limit conviction.
Shibarium activity fell in October after a reported 82% drop in daily transactions, undermining burn mechanics and demand driven by everyday users.
Total token burns collapsed from tens of millions earlier in the week to just 2.57 million SHIB on October 31.
Combined with shrinking whale holdings and low open interest, this deterioration makes a prolonged ETF-driven rally less certain and raises the possibility that SHIB could shift another decimal place lower if market conditions worsen.
Uncertainty is compounded by a security incident: multiple signing keys tied to ShibaSwap appear to have been compromised, with estimated losses approaching $2.8 million in this case.
The project’s community response and any ensuing audits will be closely watched, since governance and custody issues can quickly dampen institutional appetite for memecoins despite ETF-related narratives.
Key Shiba Inu price levels to watch
Short-term traders should watch whether SHIB can hold support at $0.0000095 and regain the $0.0000102–$0.0000109 zone on stronger volume.
Longer-term investors should monitor ETF developments, on-chain activity, and governance fixes to determine if Shiba Inu can transcend its memecoin label and attract meaningful institutional flows.
Failure to cement technical gains or restore Shibarium utility could mean SHIB drifts another decimal point lower, even if crypto ETF stories keep the narrative alive.