According to CryptoQuant data, billions of Shiba Inu (SHIB) tokens are moving away from exchanges. 131 billion SHIB coins have exited exchanges, signaling a possible accumulation phase among investors. Tokens leaving exchanges puts less selling pressure on the market. The development could mean that Shiba Inu’s (SHIB) price may be at its bottom, or that is what investors may be anticipating. Let’s discuss if now is the right time for you to buy more SHIB coins.
Is Shiba Inu’s price At Its Bottom?
Shiba Inu (SHIB) has struggled to gain steam since December 2024. The popular cryptocurrency climbed to $0.000032 in December 2024, but has been on a downward trajectory since. The October 2025 market crash presented even more challenges to SHIB’s price. Memecoins and other risky assets saw an exodus of investors after a rise in macro worries and geopolitical tensions. However, the movement of Shiba Inu (SHIB) coins away from exchanges could be the start of a positive reversal for the asset.
According to CoinGecko data, Shiba Inu’s (SHIB) price has fallen 0.2% in the last 24 hours, 3.3% in the last week, 11.6% in the 14-day charts, and 11.7% over the previous month. SHIB’s price has also crashed by 57.3% since March 2025 and nearly 94% since its all-time high of $0.00008616, which it attained in October 2021.
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However, while Shiba Inu (SHIB) may be nearing its bottom, there is no guarantee that the asset will rally anytime soon. The crypto market is still extremely fragile, and volatility is still high. Investors are still staying away from risky assets as geopolitical tensions remain high. The asian stock market took a hit today, and the memecoin market may not rebound anytime soon. Shiba Inu (SHIB) may not see any positive price movements until the larger economy improves.
