# Shiba Inu climbs to 31st rank after Coinbase moves 1.16 trillion SHIB

**Published:** 2026-07-29T08:41:31.032Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/f642e282-c010-442d-ac61-d169f82777fc

Shiba Inu (SHIB) returns to #31 as Coinbase transfers 1.16 trillion tokens internally, daily volume falls to $50‑70 M and price tests $0.00000504 support.

Shiba Inu (SHIB) surged back to the 31st spot in the crypto market rankings after Coinbase shifted 1.16 trillion SHIB across three newly created internal wallets, a move that did not touch the spot market order book【1】. The shift coincides with a halving of daily trading volume and a price bounce that could signal easing selling pressure, a key concern for traders monitoring the meme‑coin’s long‑term trajectory.  

| At a glance | |
|---|---|
| Price | $0.00000504 (key support) |
| 24h % Move | –4.71% (down) |
| Daily Volume | $50‑70 M (down from ~$100 M) |
| Catalyst | Coinbase internal transfer of 1.16 trillion SHIB【1】 |

## Internal transfer drives the rank rebound  
Arkham Intelligence data shows Coinbase moved 573 billion, 242 billion and 348 billion SHIB from an unmarked wallet into three fresh addresses, all without any on‑exchange trades【1】. Crypto analyst LuckSide Crypto described the activity as routine custody management, not a sell‑off signal, and noted that overall exchange‑held supply is declining—a trend he views as “long‑term constructive”【1】. The internal shuffle helped SHIB climb from a low of 33rd back to 31st, suggesting that the market’s perception of supply pressure may be softening.

## Volume drop and technical hints of a pause  
SHIB’s 24‑hour trading volume has slipped from roughly $100 million to a range of $50‑$70 million, while price has been largely sideways【1】. The MACD indicator sits above its signal line with a positive histogram, an early sign that downside momentum may be weakening even though the token remains in a bearish SMA hierarchy (20‑day below 50‑day below 200‑day)【1】. Whale wallet counts are rising despite the flat price, a pattern historically linked to accumulation phases rather than fresh breakdowns【1】. The token’s recent lows are among its most oversold readings, comparable only to August 2024【1】.

## Market sentiment and upcoming catalysts  
South Korean exchanges, especially Upbit, have contributed to a recent rally that lifted SHIB’s weekly performance above 22% and generated $500 million of trade flow in the past 24 hours【2】. Open interest in SHIB futures jumped 64% over the same week, indicating heightened speculative activity【2】. Looking ahead, the Clarity Act Senate floor vote, the upcoming FOMC meeting, and the PCE inflation report are flagged as potential volatility drivers for the broader crypto market and could influence SHIB’s next directional move【1】.

## What to watch
- **$0.00000504 support** – price repeatedly tests this level; a break below could trigger further downside.  
- **Upcoming regulatory events** – Senate Clarity Act vote and FOMC decisions may swing market sentiment.  
- **Whale wallet activity** – rising large‑holder counts could precede an accumulation phase if price stabilizes.

The rebound to #31 underscores that internal token movements and shifting volume dynamics can reshape market rankings without direct price action. Whether SHIB can sustain the easing of selling pressure remains tied to broader macro events and on‑chain accumulation signals.

## Sources
1. Sahmcapital — [Shiba Inu Fights Back to Top 31: Is It Safe to Buy SHIB Now?](https://www.sahmcapital.com/news/content/shiba-inu-fights-back-to-top-31-is-it-safe-to-buy-shib-now-2026-07-25)
2. Benzinga — [Shiba Inu Says Reports of Its Death 'Greatly Exaggerated' as ...](https://www.benzinga.com/crypto/cryptocurrency/26/07/60687028/shiba-inu-price-surge-why-shib-is-rising)
3. The Motley Fool — [An AI-powered Shiba Inu?](https://www.fool.com/investing/2026/04/26/dont-buy-shiba-inu-until-this-happens/)
4. Newsbreak — [Shiba Inu Fights Back to Top 31: Is It Safe to Buy SHIB Now?](https://www.newsbreak.com/benzinga-520061/4791138329702-shiba-inu-fights-back-to-top-31-is-it-safe-to-buy-shib-now)

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Cite as: TrendWatcher, "Shiba Inu climbs to 31st rank after Coinbase moves 1.16 trillion SHIB", https://www.trendwatcher.in/article/f642e282-c010-442d-ac61-d169f82777fc