- Shiba Inu price rises amid ETF speculation and signs of whale accumulation.
- However, Shibarium activity has plunged 82%, weakening token utility and burns.
- Key support at $0.0000095 could determine SHIB’s short-term direction.
The price of Shiba Inu recovered after a fresh wave of institutional interest driven by crypto ETF speculation, though its long-term outlook remains mixed.
SHIB rose about 3% today, outpacing a 2.03% gain across the broader crypto market, as traders reacted to a proposed $1.6 trillion active crypto ETF filing by T. Rowe Price that officially listed Shiba Inu among potential holdings.
Despite the short-term rebound, the broader memecoin market still shows signs of strain: weak on-chain metrics, falling network activity, and lingering security concerns are tempering optimism for a sustained recovery.
Beyond the headlines, supply and liquidity metrics paint a more cautious picture.
Exchange reserves have dropped sharply after a token outflow of 84.55 trillion SHIB between September 2024 and September 2025.
Such a supply shock often signals a short-term price spike as available sell pressure thins, but the same withdrawals increase volatility risk and could magnify swings if whales choose to redeploy balances into the market rather than hold.
Whales, Shibarium and the risk of dropping another decimal
Technical indicators tell a nuanced story.
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 toward $0.00001078 and higher if buyers can clear immediate resistance at the 7-day and 30-day moving averages.
However, resistance remains stiff, and the 200-day and 30-day moving averages could present barriers that limit a rally.
At the same time, on-chain fundamentals and development metrics limit conviction.
Shibarium activity collapsed in October after an 82% reported drop in daily transactions, undermining burn mechanics and utility-driven demand.
Total token burns fell from tens of millions earlier in the week to just 2.57 million SHIB on October 31.
Combined with reduced whale holdings and low open interest, that slump makes an ETF-driven sustained rally less certain and raises the possibility that SHIB could slip to another decimal place if market conditions worsen.
Adding to the uncertainty was a security incident: several multi-signature keys associated with ShibaSwap appeared compromised, with estimated losses approaching $2.8 million from the event.
The project community’s response and any follow-up audits will be watched closely, since governance and custodian issues can quickly erode institutional appetite for memecoins despite an ETF window.
Key Shiba Inu price levels to watch
Short-term traders should watch whether SHIB can hold support at $0.0000095 and reclaim the $0.0000102–$0.0000109 zone on stronger volume.
Longer-term investors should monitor ETF developments, on-chain activity, and governance improvements to assess whether Shiba Inu can move beyond its memecoin label and attract meaningful institutional flows.
Failure to solidify technical gains or restore Shibarium utility could see SHIB slide toward another decimal decline, even as crypto ETF narratives keep attention on the token.