- Exchange Reserves: Shiba Inu supply on exchanges fell 21 percent, reducing selling pressure.
- Whale Activity: Top holders accumulated over 96 billion SHIB, signaling strong buying interest.
- Price Outlook: SHIB remains in a bear market but accumulation may support a potential rebound.
Shiba Inu has been struggled this year, dropping more than 70 percent from its year-to-date high. While blue-chip tokens like Bitcoin and Solana have outperformed, recent data suggests the meme coin may be drawing renewed interest. Exchange reserves are falling, and whales are returning, quietly accumulating large amounts. These developments signal growing confidence among some investors. Traders now watch whether these factors can spark a meaningful rebound in SHIB price.
Exchange Reserves Plunge as Investors Move Coins
Shiba Inu’s fundamentals have improved in recent weeks. According to Nansen, exchange supplies have fallen by 21 percent over the last 30 days. This decline shows that holders are keeping coins off exchanges and moving them into private wallets. Currently, 288 trillion SHIB remain in exchanges, down from this month’s high of 366 trillion.
Reduced supply on exchanges typically decreases selling pressure and supports potential price stability. At the same time, whales have returned to the market. Top holders have accumulated over 96 billion SHIB, a remarkable increase from December lows of 1.36 billion. This represents a growth of nearly 7,000 percent in just a few days. The top 100 addresses also boosted holdings by 10.3 percent over the last 30 days.
These patterns indicate strong buying interest among large investors, signaling confidence in SHIB at current levels. Investors moving coins into self-custody while whales accumulate are seen as bullish signs. Buying the dip has historically been a strategy to position for potential gains during a rebound. However, the broader market remains cautious, and these moves do not guarantee an immediate price turnaround.
Technical Outlook and Potential Risks
Technically, Shiba Inu remains in a bear market. Price action shows a descending channel, connecting high points from May, July, and September. SHIB trades below both the 50-day and 100-day exponential moving averages, as well as the Supertrend indicator. The descending trendline confirms that downward momentum continues. Price sits slightly above the lower side of the channel, indicating short-term support.
A break above the upper trendline could trigger further gains, potentially reaching $0.000012. Conversely, a move below current support would signal that bears remain in control and could push prices lower. Other factors may affect the rebound potential. The meme coin sector has lost favor this year, with competitors like Dogecoin underperforming. Macro conditions, including the upcoming Bank of Japan interest rate hike, may also keep broader markets under pressure.
Despite the technical challenges, the combination of falling exchange reserves and whale accumulation highlights that some investors see value at current levels. These actions could create a foundation for a potential rebound if broader sentiment improves. Traders and analysts will continue monitoring supply flows, whale activity, and technical levels to gauge whether Shiba Inu can regain momentum in the weeks ahead.
