What happened?
Shiba Inu has shown an early-month bounce after an 18% drop in September, with on-chain metrics suggesting a possible reversal. New wallet addresses interacting with SHIB spiked to their highest level in about two and a half months, signaling fresh capital inflows. Long-term holders look steady — the HODL Cave shows a median unrealized gain of 0.85x, which implies reduced immediate selling pressure.
Who does this affect?
Retail traders and meme-coin speculators are the most exposed, since renewed inflows and new addresses can drive quick price moves. Long-term SHIB holders benefit from lower sell pressure, which can help stabilize the token’s price. Trading services and presales tied to meme-coin momentum also stand to gain if interest keeps rising.
Why does this matter?
If selling pressure remains low and inflows continue, SHIB could establish a firmer bottom and attract more capital, potentially lifting prices and volatility across meme coins. That increased demand can spill into broader market activity, drawing retail and even TradFi attention and amplifying volume. But if key support breaks, it could prompt a deeper correction and dampen risk appetite, so market participants should watch support levels and momentum closely.