- Shiba Inu price rises amid ETF speculation and signs of whale accumulation.
- However, Shibarium activity plunged 82%, weakening token utility and burn mechanics.
- A key support level at $0.0000095 could determine SHIB’s short-term direction.
After a wave of institutional attention sparked by cryptocurrency ETF speculation, Shiba Inu’s price has rebounded, although its long-term outlook remains mixed.
SHIB rose about 3% today, outperforming the broader crypto market’s 2.03% gain, as traders reacted to T. Rowe Price’s proposed active crypto ETF filing—an application that formally listed Shiba Inu as a potential holding.
Despite the short-term rebound, broader meme-coin trends show signs of strain. Weakness on the chain, falling network activity, and lingering security concerns have dampened optimism for a sustained recovery.
Under the headlines, supply and liquidity indicators paint a more cautious picture.
Exchange reserves have also fallen sharply, declining by 84.55 trillion tokens from September 2024 to September 2025.
Such a supply shock—by reducing available sell pressure—can precede short-term rallies. However, the same withdrawals increase volatility risk, since whales could redeploy their balances back into the market instead of holding them, which would add selling pressure.
Whales, Shibarium, and the risk of another “zero”
Technical indicators tell a nuanced story.
SHIB found support near the 61.8% Fibonacci retracement and has bounced from the key $0.0000095–$0.0000098 area. The RSI sits near 30, and the MACD histogram recently turned positive.
Short-term projections suggest buyers could push price up to $0.00001078 or higher if they clear immediate resistance at the 7-day and 30-day moving averages.
That said, resistance remains stiff. The 200-day and 30-day moving averages could present obstacles that limit any sustained rebound.
At the same time, on-chain fundamentals and development metrics limit conviction.
Reportedly, daily transaction activity collapsed by 82%, undermining burn mechanisms and utility-driven demand as Shibarium activity weakened in October.
Total token burns fell from tens of millions earlier this week to just 2,570,000 SHIB on October 31.
Coupled with reduced whale holdings and low open interest, this deterioration lowers the certainty that an ETF-driven rally will sustain, and it raises the risk that SHIB could slip another decimal place if market conditions worsen.
Adding to the uncertainty was a security incident: multiple multi-signature keys associated with ShibaSwap appear to have been compromised, with estimated losses near $2.8 million.
The community’s response and any follow-up audits will be closely watched, because despite the ETF window, governance and custody concerns could quickly erode institutional interest in a memecoin.
Key SHIB price levels to watch
Short-term traders should watch whether SHIB can hold the $0.0000095 support and reclaim the $0.0000102–$0.0000109 range on stronger volume.
Longer-term investors should track ETF progress, on-chain activity, and governance improvements to assess whether Shiba Inu can move beyond its memecoin label and attract meaningful institutional capital flows.
Failure to lock in technical gains or to restore Shibarium utility could mean SHIB slides another decimal place again, even as crypto ETF developments remain a bullish narrative.