- Shiba Inu price rises amid ETF rumors and signs of whale accumulation.
- Shibarium activity, however, dropped 82%, weakening token utility and burn dynamics.
- Key support at $0.0000095 could determine SHIB’s short-term direction.
The price of Shiba Inu rebounded from recent lows after renewed institutional interest sparked by ETF speculation, but its longer-term outlook remains mixed.
SHIB climbed about 3% today, outpacing the broader crypto market by roughly 2.03%, as investors reacted to a proposed active crypto ETF filing from T. Rowe Price — a move that explicitly lists Shiba Inu among potential holdings. This short-term lift reflects optimism that memecoins could benefit from increased institutional allocation if ETFs are approved.
Despite the bounce, the broader memecoin trend still shows strain: weakening on-chain metrics, declining network activity and lingering security concerns temper enthusiasm for a sustained recovery.
More cautious headlines point to supply and liquidity shifts behind the rally.
Exchange reserves have plunged dramatically, with an 84.55 trillion token decline from September 2024 to September 2025. Such a supply shock can reduce selling pressure and trigger short-term price spikes, but withdrawals also raise volatility risk if large holders choose to move balances onto markets rather than keep tokens idle.
Whales, Shibarium and the risk of losing another decimal
Technical indicators tell a nuanced story.
SHIB found support near the 61.8% Fibonacci retracement and bounced from a key zone around $0.0000095–$0.0000098. The RSI sits near 30 while the MACD histogram recently shifted positive, signaling some short-term buying momentum.
Near-term targets point to $0.00001078 and higher if buyers can clear immediate resistance at the 7-day and 30-day simple moving averages. Yet resistance remains stiff: the 200-day and 30-day moving averages could cap further rallies.
Shiba Inu price chart | CoinMarketCap
At the same time, on-chain fundamentals and development metrics limit conviction.
Shibarium activity fell sharply in October, with daily transactions down about 82%, undermining token burn mechanics and the media-driven demand that supported earlier rallies.
Total burned tokens dropped from tens of millions earlier in the week to just 2.57 million SHIB on October 31. Combined with shrinking whale reserves and low open interest, this deterioration makes a durable, ETF-driven rally less certain and raises the possibility SHIB could lose another decimal place if market conditions worsen.
Uncertainty is heightened by a security incident: multiple signatory keys associated with ShibaSwap appear compromised, with estimated losses approaching $2.8 million. The project’s community response and any follow-up audits will be watched closely, since governance and custody issues could quickly dampen institutional appetite for memecoins even as ETF windows open.
Key Shiba Inu price levels to watch
Short-term traders should monitor whether SHIB can hold the $0.0000095 support and reclaim the $0.0000102–$0.0000109 zone on stronger volume. A sustained move above these levels would improve the odds of further upside.
Longer-term investors should track ETF developments, on-chain activity and governance improvements to determine whether Shiba Inu can move beyond its memecoin label and attract meaningful institutional flows.
Failure to cement technical gains or restore Shibarium’s utility could see SHIB slip toward another decimal contraction, even if crypto ETF narratives keep the news cycle favorable.