Shiba Inu's Whale Moves Signal Battle for $0.000012 Survival

Shiba Inu (SHIB) has found itself at a critical juncture in its price trajectory, with traders and analysts closely monitoring its ability to defend a key support level. Recent market activity indicates that the token is consolidating above the $0.000012 support zone, a price level that has historically served as a significant demand zone for the meme-based cryptocurrency [4]. This consolidation began in mid-August, during which time on-chain data has shown increasing accumulation by whales and a negative net position change on exchanges since August 17, suggesting a classic bearish outflow [4].

A critical indicator in the analysis is the cost basis distribution heatmap, which visualizes the supply density of SHIB across different price levels. The $0.000012 level appears as a key demand zone, given the substantial amount of SHIB acquired in that range over recent months [4]. If bulls fail to defend this level, the weekly chart suggests SHIB could drop by approximately 15% to the weekly range lows [4]. This scenario is further supported by the on-chain data, which reveals that the on-balance volume (OBV) has made a new low on the weekly charts, signaling stronger seller dominance. Additionally, the relative strength index (RSI) has not pushed past the neutral 50-level, reinforcing the notion that buyers are struggling to assert control over the price action [4].

On the other hand, some analysts remain cautiously optimistic about SHIB’s potential for a rebound. On-chain indicators such as the Realized Cap Impulse and the Net Unrealized Profit/Loss (NUPL) suggest that SHIB is in an accumulation phase [5]. The Realized Cap Impulse, which measures speculative inflows into the network, has shown signs of turning positive, indicating that new capital may be entering the SHIB ecosystem [5]. This trend is further reinforced by the Alpha Price, a proprietary metric that has historically aligned with large directional moves in SHIB’s price. According to one analyst, the Alpha Price currently suggests SHIB could appreciate by at least 125% from its present levels [5].

Memecoins like SHIB have historically played a significant role in marking the top of a market cycle, and this pattern may be repeating itself in 2025 [5]. Analysts argue that SHIB is likely to reemerge as a top performer in this cycle, particularly as speculative flows return to the crypto market. While the broader crypto market remains in a state of indecision, SHIB’s unique positioning as a meme-based token could make it a bellwether for the next major bull run [5].

The recent developments in SHIB’s ecosystem also suggest potential for growth. For instance, SHIB has become the first meme coin to be listed on Folks Finance, a cross-chain decentralized finance (DeFi) lending platform [1]. This integration, enabled by Chainlink’s Cross-Chain Interoperability Protocol, allows SHIB holders to earn yields or use their tokens as collateral across multiple blockchains [1]. The listing is expected to enhance SHIB’s utility and potentially drive greater liquidity for the token.

Despite these developments, SHIB remains highly volatile, with a 7-day price trend of -0.4% as of September 5, 2025 [2]. The token’s market cap stands at $7.4 billion, and it currently trades below its 99-day simple moving average, a technical indicator that often signals downside pressure [2]. Meanwhile, SHIB’s burn rate surged by 542.4% in a 24-hour period, with over 455,390 tokens removed from circulation [2]. Such burn activity can reduce supply and, in theory, increase demand, but the effectiveness of this strategy depends on broader market conditions.

On-chain data also reveals that SHIB’s top ten wallets hold 62.3% of the total supply, the highest concentration among Ethereum-based assets [2]. This centralization of holdings poses risks, as large whale movements can have a disproportionate impact on SHIB’s price. However, recent on-chain flows suggest that some of these large holders are accumulating SHIB, which could indicate confidence in the token’s future [4].

In summary, Shiba Inu faces a pivotal moment in its price action as it tests the resilience of the $0.000012 support level. While the risk of a 15% drop to weekly lows remains, on-chain data and historical patterns suggest the possibility of a rebound if accumulation continues. Analysts remain divided, with some cautioning against the risks of speculative trading while others highlight the token’s potential for a significant move should sentiment shift.

Source:

[1] Shiba Inu Token Now Eligible For Cross-Chain Lending (https://finance.yahoo.com/news/shiba-inu-token-now-eligible-213135721.html)

[2] Shiba Inu Jumps 2%: What Is Going On? (https://finance.yahoo.com/news/shiba-inu-jumps-2-going-171943337.html)

[3] SHIBA INU Price, SHIB Price, Live Charts, and Marketcap (https://www.coinbase.com/en-gb/price/shiba-inu)

[4] Shiba Inu price prediction - All about THIS risky buying opportunity for traders (https://ambcrypto.com/shiba-inu-price-prediction-all-about-this-risky-buying-opportunity-for-traders/)

[5] Shiba Inu Price Prediction: Accumulation Phase Could Trigger Massive Breakout (https://cryptodnes.bg/en/shiba-inu-price-prediction-accumulation-phase-could-trigger-massive-breakout/)