What happened?
SHIB plunged earlier in the quarter then bounced about 55% from the low to roughly 0.00001102. Large holders pulled huge amounts—hundreds of billions to nearly a trillion SHIB—off exchanges during late September and the October crash, signaling heavy accumulation. The chart shows a descending wedge and a demand zone around 0.0000090–0.0000100, so a breakout could be coming if buyers keep stepping in.
Who does this affect?
SHIB holders and traders are the most directly affected, especially anyone who bought the dip or holds big positions. Meme-coin speculators and early investors in new projects like Maxi Doge (which raised millions in presale and offers high staking APY) are also watching because capital and hype can flow between these tokens. Exchanges and market makers feel it too, since lower on-exchange reserves reduce sell-side liquidity and change how volatile the market can be.
Why does this matter?
If accumulation keeps up and SHIB breaks out of the wedge, we could see a fast price run toward 0.000022–0.000032, which would be a 100%+ move and likely pull more money into memecoins. Thinner exchange supply from whale withdrawals makes prices more sensitive to buying pressure, increasing the chance of sharp rallies or squeezes. With new meme projects heating up and coins like DOGE and BONK moving, capital could rotate across the sector and amplify a broad memecoin rally in Q4.