Can On-Chain Activity Trigger a SHIB Rally?


Shiba Inu (SHIB), once a favorite among meme coin enthusiasts, is showing clear signs of weakness. Despite holding a large market cap of $7.6 billion, SHIB's 24-hour trading volume recently stood at just $146 million. This is significantly lower than Dogecoin ($938 million), Pepe ($814 million), and even TrumpCoin ($220 million). The low volume reflects reduced interest from both retail and institutional investors, casting doubt on any short-term bullish Shiba Inu price prediction.

Whales Are Dumping SHIB


A major concern is the large sell-off by whales. In recent months, over 40 trillion SHIB tokens have been offloaded. This trend suggests that major holders expect the price to decline further.

Shibarium and Burn Rate Issues

Shiba Inu’s Layer-2 solution, Shibarium, has not gained traction. It currently holds less than $3 million in total value locked (TVL), showing little real usage. The coin’s burn rate is also slowing. Only 20.5 million tokens, worth just $257, were burned recently—a tiny figure for such a large-cap asset.

However, there are a few positives:

  • Over 410 trillion SHIB tokens have been permanently burned since the mechanism began.

  • Around 4.75 trillion tokens are currently staked, showing long-term holder confidence.

Also Read: Tron Price Prediction 2025, 2026 - 2030

Price Action and Technical Setup

Despite the struggles, SHIB is holding a key support level and has formed a bullish harmonic pattern. If the pattern plays out, the price could rise to $0.000033 and possibly reach $0.000045.

On-Chain Activity Improving


Recent data from IntoTheBlock shows growth in SHIB's network:

  • New addresses are up 9.41%

  • Active addresses increased by 9.75%

These trends often come before upward price movements. While SHIB is facing challenges, its network activity and technical setup suggest that a turnaround could be on the horizon.

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