What happened?
Several on-chain indicators turned bullish for Shiba Inu: transaction volumes and active addresses are rising while exchange netflows have gone negative as investors pull SHIB into cold storage. Ethereum staying above $4,000 and an overall altcoin boost are giving meme coins like SHIB fresh momentum. SHIB is holding support around $0.000012 and could retest resistance near $0.000015, with a breakout potentially targeting $0.000021.
Who does this affect?
Retail traders and meme-coin speculators stand to gain if renewed buying pressure pushes SHIB higher. Institutional investors and funds considering a possible SHIB ETF would be affected by any move that makes such products viable. Competing new tokens and presales like Maxi Doge also matter because they can steal hype, liquidity, and trader attention away from legacy meme coins.
Why does this matter?
If withdrawals continue and on-chain strength holds, selling pressure could ease and set the stage for a larger SHIB rally, which would lift sentiment across the meme-coin market. A SHIB ETF or more institutional adoption would likely draw fresh capital and higher trading volumes, amplifying gains in altcoins. But this all hinges on a confirmed breakout with above-average volume, otherwise momentum could shift to newer tokens and cap upside.