Shiba Inu spot flow jumps 128% as price stays 94% below all‑time high

Shiba Inu’s on‑exchange buying pressure surged 128% in the latest spot‑flow metric, a rare spike that could signal a short‑term shift in sentiment even as the token still trades about 94% below its 2021 all‑time high [1][2].

Spot‑flow surge explains the bounce

Spot flow tracks net buying on spot exchanges in real time. A 128% jump means buy‑side volume more than doubled compared with the prior baseline, not that price doubled [1]. The surge suggests sellers are losing dominance, a key metric traders watch when assessing whether a rally is genuine or fleeting. No project or exchange comment accompanied the move, so the data alone is driving market attention.

Price still far from 2021 peak

Shiba Inu’s price sits roughly 94% below its October 2021 high of $0.00008845, a level unchanged since early June 2022 [2][3]. The token’s decline reflects waning interest after the speculative boom fueled by pandemic‑era liquidity and hype around DeFi and NFTs. Electric Capital’s developer‑activity ranking also shows SHIB outside the top‑100, underscoring a lack of technical development that could sustain long‑term demand [2].

Context and uncertainty

While the spot‑flow spike is bullish in the short term, its durability is uncertain. Meme coins often experience rapid inflows that reverse within 48 hours if sentiment flips [1]. The data does not reveal whether the buying is concentrated among a few large wallets or spread across a broader retail base, a factor that would affect the rally’s longevity. Consequently, the spike may either precede a modest price recovery or prove to be a brief head‑fake.

What to watch

• Price near $0.00002 – a psychological barrier that could trigger further buying if breached.
• Spot‑flow levels – sustained elevations above the 128% jump would reinforce the shift in buying pressure.
• Upcoming token burns or supply‑reduction events – any announced reductions could tighten supply and support price, especially given SHIB’s large circulating supply.

The 128% spot‑flow increase provides the most concrete signal of renewed buyer interest in SHIB, but without clear on‑chain distribution data or sustained price movement, the token’s path back toward its historic highs remains highly speculative.