Shiba Inu (CRYPTO: SHIB) has slipped to the 27th spot by market cap after falling 22% over the past month, but recent on-chain signals suggest bulls may be stepping in near key support.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| Shiba Inu | (CRYPTO: SHIB) | $0.055467 | $3.2 billion | -12.2% |
| Dogecoin | (CRYPTO: DOGE) | $0.09142 | $15.4 billion | -6.2% |
| Pepe | (CRYPTO: PEPE) | $0.053453 | $1.4 billion | -17.6% |
Trader Notes: Crypto chart analyst Ali Martinez said SHIB appears to be building momentum and could be entering an acceleration phase. He identified $0.00003245 as a potential upside target if bullish structure confirms and buyers maintain control.
Statistics: Data from Coinglass show Shiba Inu’s open interest has declined to $53.7 billion, its lowest level since Dec. 29, 2024. Falling open interest typically reflects reduced speculative activity, which can either signal fading interest or a reset before a new move.
The Crypto Basic, citing CryptoQuant data, reported that roughly 126 billion SHIB briefly flowed onto exchanges between Feb. 27–28, lifting total exchange reserves from 80.93 trillion to 81.06 trillion tokens.
That spike was quickly reversed as whales withdrew large amounts of SHIB, pushing reserves back down to 80.90 trillion and then 80.87 trillion. The reversal suggests aggressive accumulation, particularly as price approached the key $0.0000050 support level.
Large holders appear to be actively defending that zone, positioning for a potential bounce if broader market conditions stabilize.
Arkham Intelligence data indicate that a whale wallet tied to South Korean exchange Coinone moved 65.2 billion SHIB, worth approximately $394,000, after two months of dormancy.
The wallet’s total holdings exceed 1.616 trillion SHIB, underscoring the scale of concentration among large players.
Image: Shutterstock
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