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?
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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
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Support: Pullback solidified around $0.0000113–0.0000128, aligning with major moving averages.
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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.
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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
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Stabilizes supply: With ~80% of SHIB locked in long-term wallets, major dumps are reduced, improving resilience.
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Bullish accumulation: Accumulation often preceded past rallies, and current on-chain metrics show diamond-hand behavior.
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Risks remain: LTH age-consumed spikes post-rally suggest some profit-taking; momentum indicators remain mixed .
What’s Next for SHIB?
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Metric |
What to Monitor |
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Exchange reserves |
Continued withdrawals = bullish |
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Long-term & whale addresses |
Rising numbers = strong conviction |
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Technical levels |
RSI > 50 and break > $0.000014 confirms strength |
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Resistance breakpoints |
$0.00002 → $0.00003 → $0.00008+ |
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.