What happened?
Shiba Inu kicked off October with a roughly 5% jump as the broader crypto market turned green. October has historically been SHIB’s best month, including an 833% surge in October 2021 and an average big gain over recent years. Technical signals now show a potential breakout—RSI above 60, MACD flipping positive, volume up about 20%—with price testing the $0.0000123 zone after bouncing from lows.
Who does this affect?
Short-term traders and meme-coin speculators are the most exposed, since a confirmed breakout could create quick trading opportunities. Long-term SHIB holders and larger investors are affected too because Shiba’s big market cap limits extreme percentage gains compared with newer, smaller memecoins. Competing projects and new entrants (like Maxi Doge) also feel the impact as traders may rotate capital toward fresher plays with higher upside potential.
Why does this matter?
If SHIB sustains momentum it could trigger broader buying across meme coins and reinforce an “Uptober” rally, lifting related small caps and boosting sector volume. At the same time, Shiba’s large market cap means rallies may deliver smaller percentage gains, pushing some traders to chase higher returns in newer tokens and increasing rotation risk. Overall, renewed SHIB momentum raises volatility and liquidity in the memecoin market, which can shift short-term market leadership and influence altcoin price movements.