SHIB Price Explodes 65%: The Role of Growing Long-Term Holders

Shib Inu (SHIB) recently staged a staggering ~65% rally, capturing attention across crypto communities. But this wasn’t exactly a momentum play—it was basically reversed by a surge in long-term holder activity. Here’s a deep dive into the latest on-chain data, technical levels, and what it means for SHIB’s future.

What Precipitate the 65% Surge?

• Short-term price action
  After spiking ~65%, SHIB pulled back to a key support near $0.00002411. This area has since held firm.

• Long-term holder activity

  • Wallets with SHIB held for over a year have risen sharply—on-chain data shows about 1.13 million addresses holding a total of 787 trillion tokens, representing ~79.9% of supply.
  • IntoTheBlock also indicates long-term holder ratio climbed from ~73% to 76%, surpassing Bitcoin and Ethereum.

Structural Changes Behind the Rally

a) Fewer Tokens on Exchanges

• SHIB reserves on centralized exchanges dropped from ~135 T in January to ~93–98 T by March, a ~30% reduction.
• May saw further withdrawals: 111.8 billion SHIB left exchanges in a single day.

b) Record-Breaking Burn Rates

• Daily burns soared—up 49,000%–57,000% at times—with whale-driven burns of tens of millions SHIB.

c) Whale & Mid‑Tier Accumulation

• Whales (10 T–100 T addresses) increased holdings significantly in early 2025.
• Mid-tier accumulation also grew, adding ~7.6 T SHIB in 2025.

Technical & On‑Chain Indicators to Watch

• Support: Pullback solidified around $0.0000113–0.0000128, aligning with major moving averages.

• Resistance: A supply wall exists near $0.000014–0.000015 (~544 T tokens), with potential breakout targets at $0.00002, then $0.00003 and even $0.000081 in bullish scenarios.

• Momentum: RSI sits in mid‑40s to 50 range—with slight weakness—though technical patterns like rising-three-methods and falling-wedge hint at possible bounce.

Why Long‑Term Holders Matter

• Stabilizes supply: With ~80% of SHIB locked in long-term wallets, major dumps are reduced, improving resilience.

• Bullish accumulation: Accumulation often preceded past rallies, and current on-chain metrics show diamond-hand behavior.

• Risks remain: LTH age-consumed spikes post-rally suggest some profit-taking; momentum indicators remain mixed .

What’s Next for SHIB?

Summary & Final Thoughts

SHIB’s 65% rally wasn’t just hype—it was built on solid on-chain fundamentals: supply drainage, burning, and accumulation by patient, committed holders. If these trends continue—and SHIB clears technical resistance—this rally could mark the beginning of a longer-term uptrend. But watch out: momentum must hold, and breaking key resistance is crucial.