- Shiba Inu’s price is rising amid ETF speculation and whale accumulation signals.
- However, Shibarium activity has collapsed by 82%, weakening token utility and burn mechanics.
- Key support at $0.0000095 could determine SHIB’s short-term direction.
Shiba Inu’s price has bounced back following renewed institutional attention driven by crypto ETF speculation, though its longer-term outlook remains mixed.
The SHIB token rose about 3% today, outperforming the broader crypto market’s 2.03% gain, after traders reacted to T. Rowe Price’s proposal to launch a $1.6 trillion Active Crypto ETF that lists Shiba Inu among potential holdings. This renewed spotlight helped lift sentiment, but deeper indicators show a more cautious picture.
Despite the short-term rebound, the broader memecoin landscape still displays signs of strain: weak on-chain metrics, falling network activity and lingering security concerns temper optimism for a sustainable recovery.
Beyond headlines, supply and liquidity metrics tell a more conservative story.
Exchange reserves have dropped sharply, with an 84.55 trillion token decline from September 2024 to September 2025. Such a supply shock can lead to short-term price spikes as selling pressure eases, but it also raises volatility risk and can amplify swings if whales redeploy balances into markets rather than holding.
Whales, Shibarium and the risk of losing another decimal
Technical indicators present a nuanced view.
SHIB found support near the 61.8% Fibonacci retracement and bounced from a key area around $0.0000095–$0.0000098, with the RSI hovering near 30 and the MACD histogram recently turning positive. Short-term projections point to $0.00001078 and higher if buyers can overcome immediate resistance at the 7- and 30-day SMAs.
That said, resistance remains stiff, and longer-term moving averages such as the 30- and 200-day SMAs pose obstacles that could limit rallies.
Price chart for Shiba Inu | CoinMarketCap
At the same time, on-chain fundamentals and development metrics cap confidence.
Shibarium activity plunged in October after daily transactions fell by 82%, reducing burn mechanics and utility-driven demand. Total tokens burned dropped from tens of millions earlier in the week to just 2.57 million SHIB on October 31.
Combined with decreasing whale holdings and low open interest, this deterioration makes a sustained ETF-fueled rally less certain and raises the possibility that SHIB could lose another decimal if market conditions worsen.
Adding to the uncertainty is a security incident: multiple signing keys tied to ShibaSwap appear compromised, with estimated losses approaching $2.8 million. The project team’s response and any follow-up audits will be closely watched, since governance and custody issues can quickly erode institutional appetite for memecoins despite ETF narratives.
Key Shiba Inu price levels to watch
Short-term traders should focus on SHIB’s ability to hold $0.0000095 support and reclaim the $0.0000102–$0.0000109 range with stronger volume. A clean break and sustained volume above those areas would support further near-term gains.
Longer-term investors should monitor ETF developments, on-chain activity trends and governance remediation efforts to assess whether Shiba Inu can rise above its memecoin label and attract meaningful institutional flows.
Failure to consolidate technical gains or restore Shibarium’s utility could see SHIB slip toward another decimal decline, even if crypto ETF talk keeps the narrative alive.