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Shiba Inu (SHIB) is up 12% this month as whale activity reaches its highest level since June. Monitor exchange inflows and key resistance at $0.000020.
Shiba Inu (SHIB) has gained 12% over the past month, breaking out of a prolonged downtrend as large-wallet holders significantly increased their activity [3]. The surge, which saw the token climb from $0.0000129 to recent levels near $0.00001520, is being driven by aggressive accumulation and a sharp rise in derivatives volume [3].
| At a glance | |
|---|---|
| Current Price | $0.00001520 |
| 24h Change | +6% |
| Monthly Gain | 12% |
| Primary Catalyst | Increased whale accumulation and derivatives volume |
The recent price action is characterized by a shift in large-holder behavior, with the top 10 wallets now controlling approximately 62.65% of the total SHIB supply [2]. While some data indicates that whales are moving billions of tokens between private wallets and exchanges—potentially signaling increased liquidity or preparation for selling—the overall trend has been one of consistent accumulation [2]. This concentration allows large holders to exert significant influence on short-term price movements, a factor that contributed to the token's recent rebound from support at $0.0000129 [2, 3].
Market confidence in the token has also manifested in the derivatives sector. Trading volume for SHIB derivatives jumped 25.34% in a 24-hour period to $586.29 million, while open interest climbed 13.5% to $287.41 million [3]. This momentum coincided with an 869% spike in the token's daily burn rate, which saw nearly 5.89 million SHIB tokens removed from circulation [3]. Despite these gains, analytics platform Santiment warns that the influx of 1.06 trillion SHIB onto exchanges could lead to heightened volatility in the coming days [4].
Beyond speculative trading, the ecosystem is seeing structural shifts that may influence long-term sentiment. Institutional interest has surfaced in regulatory filings, such as a recent NYSE Arca 19b-4 rule change for a T. Rowe Price crypto ETF that explicitly lists SHIB as an eligible asset alongside Bitcoin and Ethereum [4].
The project is also attempting to transition from a meme-centric token to an ecosystem-driven asset through ongoing infrastructure development, including enhancements to the Shibarium network and cross-chain compatibility [3]. With 1.52 million on-chain wallets, the project maintains a steady base of holders, though analysts remain divided on whether the current relief rally will sustain a push toward higher resistance levels [3, 4].
Whether Shiba Inu can maintain this momentum depends on whether the current whale accumulation translates into sustained institutional adoption or if the recent exchange inflows trigger a period of profit-taking. The token's ability to hold its current support levels will be the primary indicator of its near-term stability.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Sep 12, 2026 · How we report
As of the provided reports, Shiba Inu has a circulating supply of approximately 589 trillion tokens. The project has already burned more than 40% of its initial 1 quadrillion token supply to reduce the total amount in circulation.
Some bullish investors and team members, such as Lucie, have expressed belief in a $0.01 price target for Shiba Inu. However, critics note that this would require a market cap of nearly $5.9 trillion and a massive reduction in the circulating supply to approximately 85 billion tokens.
Shiba Inu is limited by the speed restrictions of the Ethereum blockchain and processes transactions at a slower rate than newer proof-of-stake networks like Solana and Cardano. These newer blockchains are currently attracting developers away from the Ethereum ecosystem.
Shiba Inu utilizes a burn portal on its Shibarium Layer-2 protocol to remove tokens from circulation. Despite these efforts, analysts suggest that reducing the supply to a level that could support a $0.01 price could take more than a million years at the current rate.