$SHIB Price Prediction: Shiba Inu Exchange Outflows Hit ATH

The price of Shib Inu ($SHIB), the world’s second-largest memecoin by market capitalization, fell 4.76% over the past 24 hours to trade between $0.000012 and $0.000013, consolidating within a narrow range, where it has remained for the past couple of days.

Its decline can be attributed to the BitMEX exchange delisting SHIB perpetual contracts due to low liquidity, 4.66 trillion SHIB being sold last week, and market-wide risk-off sentiment as traders continue to hold on to Bitcoin (BTC) amid macro uncertainty.

What Factors are Affecting Shiba Inu’s ($SHIB) Price Today?

On September 5, BitMEX delisted SHIBUSD perpetual contracts, citing insufficient trading interest. This led to derivatives open interest for SHIB falling 35% to $212 million. Reduced access to leveraged positions limits speculative demand, while SHIB’s futures market turnover ratio fell 0.25x of its spot volume – its lowest level since June 2025.

Meanwhile, the memecoin’s largest holders sold 4.66 trillion tokens, equivalent to $57.8 million at SHIB’s current market rate, in the past week. This follows an 88% drop in whale transactions since the end of July. Whale wallets now hold 62% of SHIB in circulation, a 3% drop since August. Their reduced market participation has removed a key price stabilizer. Historically, whale accumulation precedes rallies for SHIB, like the 11% price surge that occurred in June.

Shibarium, an Ethereum Layer-2 scaling blockchain that supports the SHIB ecosystem, recently experienced a major security breach involving a flash and validator attack on its token bridge. This resulted in more than 224 ETH and 92.6 billion SHIB, among other on-chain tokens, being stolen, and as a result, the platform was temporarily shut down.

Lead Shiba Inu developers were quick to take countermeasures, such as pausing all staking operations and moving funds to a hardware multi-sig wallet until validator integrity was ensured. Senior developer Kaal Dhairya noted that the core team’s primary focus was to stabilize the blockchain and prevent any further losses. The breach resulted in the loss of approximately $4.1 million across multiple assets.

The Shiba Inu community responded anxiously to the news, urging the leadership to enhance transparency and provide a detailed post-mortem report on the attack to rebuild trust. The breach affected token prices and validator consensus on Shibarium, which consequently led to a sharp drop in DeFi values on the network.

Blockchain security experts emphasized the necessity of solidifying validator management practices on the network. Data from prior exploits on Shibarium suggests that improvements in these key areas can reduce the likelihood and impact of future exploits, signalling a need for a foundational protocol upgrade for Shiba Inu.

Declining Exchange Supply Hints at Potential Breakout for $SHIB During Altseason

On the plus side, investors have been moving their SHIB out of centralized exchanges, with 283 trillion tokens, worth $34.2 billion, exiting the open market this year. Typically, falling exchange supply is seen as a bullish signal for the price as it reduces selling pressure. Historically, large exchange outflows precede price rallies, as they signal that traders are not looking to sell in the short term.

Similarly, holders moving their tokens to cold storage or self-custody wallets is a sign that they are planning to hold them in the long term, reflecting confidence in SHIB’s future potential. The ongoing exchange outflow has coincided with robust accumulation by investors, who now hold over 12.15 billion SHIB in self-custody, a 103% increase over the past 30 days. This rigorous buying could be a signal that investors anticipate a potential rebound for SHIB and a limited impact on its price following the Shibarium hack. It is also a contrarian bet that the Ethereum-based memecoin will be part of the upcoming altcoin season.

Also Read: Best Meme Coins to Buy Now With 1000x Potential

Shib Inu ($SHIB) Price Technical Analysis

SHIB broke below its 50-day SMA at $0.00001272 and the pivot point of $0.000012847. Its RSI reading of 46.9 shows weakening momentum, while the MACD histogram remains negative. The 61.8% Fibonacci retracement level at $0.00001298 now acts as SHIB’s resistance level, and a close below could trigger a restest of July’s low of $0.00001108.

The token’s daily timeframe chart shows that price has remained in a tight range over the past few days, as it was trading in the $0.000013 range, along the 50-day EMA. SHIB has formed a symmetrical triangle pattern, whose two lines are nearing the confidence level. Meanwhile, the MACD indicator lines have settled at the neutral range, while Average True Range (ATR) has retreated.

All these indicators point to a potential bullish price breakout in the near term, with the next key resistance being $0.00001592, which is about 25% above its current price. A move below the lower side of the triangle pattern will invalidate the bullish price forecast for Shiba Inu.

Shiba Inu ($SHIB) 2025 Price Prediction

According to our technical indicators-based price analysis, in 2025, we expect Shiba Inu (SHIB) to change hands in a trading channel between $0.00001172 (low) and $0.00001411 (high), with an average annualized price of $0.00001312. This could result in a potential return on investment of +16.22% compared to its current rate.

Readers should note that cryptocurrencies are highly speculative and volatile assets, and it is recommended that you conduct proper due diligence and seek expert opinion before making an investment decision. Furthermore, the contents of this article are for informational purposes and should not be construed as investment advice.