The price of Shiba Inu has seen a notable rise amid speculation surrounding cryptocurrency ETFs and increased accumulation by large investors. However, a significant decline in Shibarium activity has raised concerns about the token’s utility and burn rates.
Shiba Inu Price Trends Amid Institutional Interest
Shiba Inu’s price has bounced back following renewed institutional interest driven by speculation regarding cryptocurrency ETFs, although long-term prospects remain uncertain.
Today, the SHIB token rose by 3%, outperforming the broader cryptocurrency market’s gain of 2.03%. This uptick came as traders reacted to T. Rowe Price’s proposal for a $1.6 trillion actively managed cryptocurrency ETF, which has now placed Shiba Inu as a potential asset.
Despite this short-term rebound, the overall trend for meme coins indicates continued pressures, as weakened on-chain activity, declining network metrics, and persistent security concerns temper optimism for a sustainable recovery.
Additionally, indicators concerning supply and liquidity present a more cautious outlook, with exchange reserves plummeting after a decline of 84.55 trillion tokens between September 2024 and September 2025.
Such a supply shock often leads to short-lived price surges due to diminished selling pressure; however, the same withdrawals elevate volatility risks, especially if whales choose to reinvest balances into the market rather than hold.
Whale Activity, Shibarium, and the Pressure to Remove a Zero
Technical indicators present a nuanced scenario for SHIB. It has found crucial support near the 61.8% Fibonacci retracement level, bouncing back from a key range between $0.0000095 and $0.0000098, with the RSI nearing 30 and the MACD histogram turning positive.
Short-term projections suggest a target of $0.00001078 or higher if buyers can overcome immediate resistance at the 7-day and 30-day simple moving averages. However, substantial resistance remains, particularly at the 200-day and 30-day moving averages, which could impede price rallies.
Shiba Inu Price Chart | CoinMarketCap
Meanwhile, on-chain fundamentals and development indicators limit bullish sentiment. Shibarium activity has collapsed in October, reporting an 82% drop in daily transactions, undermining burn mechanisms and demand for utility services.
Token burn totals have plummeted from millions earlier in the week to just 2.57 million SHIB by October 31. Coupled with declining whale holdings and lower open interest, this downturn casts doubt on a sustained recovery driven by ETF speculation, increasing the likelihood of SHIB sliding to another decimal point should market conditions deteriorate.
This uncertainty is compounded by a security breach, with multiple signing keys linked to ShibaSwap appearing compromised, leading to estimated losses nearing $2.8 million. The project’s community response and any subsequent audits will be closely observed, as governance and custody issues can quickly undermine institutional appetites for meme coins even amidst ETF buzz.
Key Shiba Inu Price Levels to Watch
Short-term traders should closely monitor SHIB’s ability to maintain support at $0.0000095 and recover the range of $0.0000102 to $0.0000109 with increased volume. Conversely, long-term traders should observe ETF developments, on-chain activity, and governance corrections to assess whether Shiba Inu can transcend its meme coin label and attract significant institutional inflows.
Failure to consolidate technical gains or restore the utility of Shibarium might result in SHIB slipping toward another decimal reduction, even if cryptocurrency ETFs help sustain the narrative.
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