Shiba Inu (SHIB) Poised for 263% Surge as Whales Accumulate and Supply Drops

Market analysts have identified three key catalysts that could drive the popular meme coin Shiba Inu (SHIB) toward a significant price recovery, potentially reaching $0.0003. Despite recent market turbulence that pushed SHIB to a 13-month low of $0.0000010, analysts remain optimistic about its future prospects.

One of the primary catalysts is the resilience of retail holders. Despite global market volatility triggered by various factors, SHIB holders have notably maintained their positions. This unwavering community support provides a stable foundation for potential price appreciation once market sentiment improves. The analyst Luckside Crypto highlighted that SHIB achieved a new all-time high in holder count even as prices declined, demonstrating the strong support from the community.

Another significant factor is the substantial whale accumulation during recent price dips. On-chain data reveals that large investors have acquired approximately 874 billion SHIB tokens since early April. This strategic buying by institutional players suggests strong confidence in SHIB’s long-term prospects despite short-term volatility. Luckside Crypto pointed out that whales have been heavily buying the dip, indicating a bullish sentiment among major investors.

The third catalyst is the diminishing exchange supply, which recently hit an all-time low. As of April 8, 2025, the total amount of SHIB tokens held across all cryptocurrency exchanges has declined significantly, reaching an all-time low of approximately 85.3 trillion SHIB. This reduction represents 14.5% of SHIB’s circulating supply, indicating a substantial decrease in exchange reserves. Decreasing available tokens on exchanges typically creates upward price pressure when demand returns, as fewer coins are readily available for sale.

SHIB’s technical indicators also show promising signs. The cryptocurrency has successfully bounced off its long-term support level around the $0.000011 line and maintains strength against Ethereum despite ETH’s ongoing weakness against Bitcoin. This relative strength demonstrates SHIB’s ability to outperform once market conditions stabilize. Market analysts attribute the recent crypto downturn to macroeconomic factors, particularly escalating trade tensions. However, Luckside Crypto remains optimistic about SHIB’s future, stating that the cryptocurrency will continue to prevail once the market stabilizes.

For SHIB to begin its climb toward $0.00003, it must first reclaim and hold above the $0.000015 resistance level, which coincides with its 50-day moving average. With growing institutional interest, loyal retail holders, and decreasing available supply, SHIB appears positioned for a potentially significant upside once broader market conditions improve. At the time of reporting, SHIB was trading at $0.00001224, reflecting a 2.63% surge in the past 24 hours.