Over the past 24 hours, Shiba Inu (SHIB) posted a modest gain of 2.42%, offering a brief reprieve amid a broader weekly decline of 3.99%. Despite the short-term volatility, SHIB has maintained strong monthly performance, climbing 8.80% since the start of January 2026. This resilience stems from a confluence of on-chain dynamics, strategic investor behavior, and favorable sector-wide momentum.
A significant factor underpinning SHIB’s recent rebound is the notable outflow of tokens from centralized exchanges. Between January 16 and 19, approximately 361 billion SHIB—worth millions at current prices—were withdrawn from platforms like Binance. This reduced the circulating supply available for immediate sale to just 82.28 trillion SHIB, according to CoinMarketCap. Crucially, this exodus occurred even as SHIB’s price dipped by 6.78% during the same window, suggesting that holders were not reacting with panic but instead consolidating their positions for the longer term. With fewer tokens sitting on exchanges, the potential for sudden sell-offs diminishes, creating a more stable environment for price recovery.
Adding further support, a previously inactive whale reemerged on January 19 to acquire 15.18 billion SHIB—valued at roughly $119,000—at a critical technical support level near $0.0000076. This purchase brought the investor’s total holdings to 61.84 billion SHIB ($484,000), marking their first major move in six months. Such accumulation near key support zones often reflects institutional or high-net-worth confidence in a price floor, and can catalyze follow-on buying from both algorithmic traders and retail participants. The timing of this buy—the deepest point of SHIB’s intraday slide—points to a calculated “buy-the-dip” strategy, reinforcing market sentiment at a vulnerable juncture.
Beyond SHIB-specific developments, the broader memecoin sector has also regained traction. Over the past 30 days, the collective market capitalization of memecoins surged by 7.17%, reaching $44.69 billion, while trading volumes jumped by 17.42%. This renewed speculative interest has lifted liquidity and attention across top-tier tokens like SHIB, demonstrating how sector-wide tailwinds can buoy individual assets even in the absence of project-specific news. Historically sensitive to shifts in memecoin sentiment, SHIB has benefited from this macro uplift, helping to fuel its recent 24-hour rally.
Together, these forces—diminished exchange supply, strategic whale accumulation, and resurgent sector momentum—have created a supportive backdrop for SHIB’s short-term recovery. Looking ahead, market participants will be watching closely to see whether SHIB can maintain support above the 14-day RSI level of 46.97 and translate reduced liquid supply into sustained upward movement in the weeks ahead.
Source:: Shiba Inu Finds Support as On-Chain Signals Turn Bullish