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Shiba Inu trades near $0.00000516 as large holders sell 40 billion tokens. Monitor the 50-day EMA support level to see if the current recovery holds.
Shiba Inu is trading at $0.00000516, holding above its 50-day exponential moving average (EMA) despite a significant outflow of tokens from large-wallet holders [1]. The memecoin’s ability to maintain this support level is currently being tested by a 40-billion-token sell-off from whales that has coincided with bearish sentiment in the derivatives market [1].
| At a glance | |
|---|---|
| Current Price | $0.00000516 |
| Recent Recovery | ~4% |
| Key Support | $0.00000489 (50-day EMA) |
| Primary Catalyst | Whale profit-taking vs. retail accumulation |
The recent price action follows a 4% recovery earlier in the week, which saw the token retest its 50-day EMA at $0.00000489 [1]. While the price has stabilized above this threshold, data from Santiment indicates that wallets holding between 1 million and 100 million SHIB have offloaded 40 billion tokens since August 22 [1]. Analysts suggest this activity represents profit-taking by larger holders following the recent price uptick, rather than a long-term shift in strategy [1].
This supply is being partially absorbed by smaller whales—addresses holding between 100,000 and 1 million tokens—who accumulated 990 million SHIB over the same period [1]. However, the volume of tokens sold by larger entities significantly outweighs this retail-level accumulation, creating an imbalance that may limit upward momentum [1].
Sentiment in the derivatives market remains cautious, with the long-to-short ratio sitting at 0.93 as of Wednesday [1]. Because this figure is below 1.0, it indicates that short positions currently outnumber long positions, suggesting that a larger portion of traders are positioned for a potential decline [1].
Technical indicators present a mixed outlook. While the Relative Strength Index (RSI) is at 54 and trending upward—suggesting improving momentum—the Moving Average Convergence Divergence (MACD) indicator generated a bearish crossover on Sunday [1]. Expanding red histogram bars on the MACD chart further signal that downward pressure remains active [1].
The token’s near-term trajectory remains contingent on whether the 50-day EMA can continue to attract enough buying pressure to offset the selling activity from larger holders [1]. Until the market resolves the current disagreement between momentum indicators, the price is expected to consolidate between its key moving averages [1].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Sep 2, 2026 · How we report
The circulating supply of Shiba Inu is 589.2 trillion tokens as of July 13. This high volume of tokens is a primary factor cited by analysts as a barrier to the token reaching a price of $1.
Approximately 1,200 merchants worldwide accept Shiba Inu as a payment method for goods and services according to data from the crypto directory Cryptwerk as of July 13. The token's high volatility is noted as a deterrent for wider business adoption.
A price of $1 per Shiba Inu token would require a market capitalization of $589.2 trillion, which is eight times the combined value of all 500 companies in the S&P 500. Current token-burning rates are insufficient to reach this goal within a human lifetime, as it would take approximately 708,000 years at the annualized rate observed as of July 13.