- Shiba Inu price rises amid ETF speculation and whale accumulation signals
- However, Shibarium activity has dropped 82%, weakening token utility and burn rates
- Key support at $0.0000095 could determine SHIB’s short-term direction
Shiba Inu’s price bounced after renewed institutional interest driven by speculation around crypto ETFs, though the long-term outlook remains mixed.
SHIB gained about 3% today, outpacing the broader crypto market’s 2.03% rise, as traders reacted to T. Rowe Price’s filing for an Active Crypto ETF valued at $1.6 trillion—an action that implicitly places Shiba Inu among potential official holdings.
Despite the short-term recovery, the broader memecoin trend still shows signs of strain. Network weakness, declining on-chain activity, and lingering security concerns temper optimism for a sustained rebound.
Under the headlines, supply and liquidity metrics present a more cautious picture.
Exchange reserves have fallen sharply after a reduction of 84.55 trillion tokens from September 2024 to September 2025.
Such a supply shock can presage short-term price spikes because selling pressure is reduced, but the same withdrawals increase volatility risk and can amplify swings if whales decide to deploy those balances into the market rather than hold them.
Shibarium whales and the risk of another “decimal” drop
Technical indicators tell a slightly different story.
SHIB found support near the 61.8% Fibonacci retracement and rebounded from a key zone around $0.0000095–$0.0000098, with the RSI near 30 and the MACD histogram just turning positive.
Short-term targets point toward $0.00001078 and higher if buyers can clear immediate resistance at the 7-day and 30-day SMAs.
However, resistance remains stiff, and the 200-day and 30-day moving averages could act as barriers to further rallies.
At the same time, on-chain fundamentals and development indicators limit confidence.
Shibarium activity fell sharply in October, with reported daily transactions down 82%, undermining burn mechanisms and utility-driven demand.
Total token burns dropped 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 deterioration makes a sustainably ETF-driven rally less certain and increases the risk that SHIB could lose another decimal place if market conditions deteriorate.
Compounding the uncertainty is a recent security incident: multiple signer keys associated with ShibaSwap appear to have been compromised, with estimated losses of about $2.8 million.
The project team’s response and any subsequent audits or remediation efforts will be closely watched, since governance and custody issues can quickly chill institutional appetite for memecoins, even amid an ETF window.
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.
Longer-term investors should track ETF developments, on-chain activity, and regulatory or governance fixes to assess whether Shiba Inu can move beyond its memecoin label and attract meaningful institutional flows.
Failure to sustain technical gains or restore Shibarium’s utility could see SHIB slip another decimal, even if crypto ETFs advance.