The dog-embossed meme coin Shiba Inu (SHIB) is undergoing a key change in holder behavior, something that could be considered an early sign of a broader rebound. With the meme coin whipping up 25% gains during the weekend, even seasoned market analysts found it hard to explain.
The Two-Sided Story Of Shiba Inu’s Recent Bounce Back
Shiba Inu’s (SHIB) decoupling from the generally dubious crypto market trend came from a strange mix of speculative activity on Derivatives, coupled with the hype of several SHIB Army-native Web3 projects now being restored. A few weeks back, Shibarium’s dev team member Mazrael announced the restoration efforts around Shiba Eternity.
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Another plausible reason behind the double-digit uptick is the rapidly decreasing crypto exchange reserves. Sometimes suddenly, sometimes gradually leaving exchanges – but the trend to keep Shiba Inu (SHIB) tokens in self-custodial wallets rather than major platforms is undeniable.
Presently at 86.2 trillion, the available supply has recently bounced off an all-time low, briefly tumbling below 86 trillion. Roughly one month ago, that number was closer to 88 trillion, hinting at a faster-paced token withdrawal kicking off since July. If that trend continues as SHIB quietly reclaims the $0.00000500 resistance, an unprecedented supply crunch could follow.
Typically, that’s a great thing when there’s a substantial demand in trading or speculating on the token. While that’s definitely the case on Perpetuals, the Spot market movement is also up more than 100% from the day before. Racking up $265 million in 24-hour volume, SHIB reclaimed the 30th spot by global crypto ranks, says CoinGecko. SHIB’s global market cap is $2.94 billion.
SHIB’s Back Slashing Competition As Momentum Picks Up
While edging out Sui crypto (SUI), Shiba Inu’s current trading volume is five times more than HBAR’s $35 million during the same time period. Despite trailing behind in the charts, SHIB’s in a very close distance to edge Hedera Hashgraph (HBAR) by market capitalization, with the gap narrower than $100 million at the present moment. Now, SHIB is striving to erase the 5th zero.
The last time that happened was November, 2025. As Shiba Inu (SHIB) is now dancing on the brink of $0.00000500, successfully reclaiming that demand territory would open up a similar path to potentially mimic the rally of Autumn 2025. Multiple technical signs fall in place here: a strengthening bullish case in the SuperTrend, rising whale activity & renewed ecosystem apps.
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