Shiba Inu Key Threshold Approaching: 80 Trillion Token Holdings Could Be a Price Turning Point

Shiba Inu is standing at a critical juncture. The intersection of on-chain data and price action is focusing on a supply threshold that could determine its future trajectory—the total amount of SHIB held on exchanges is now approaching 80 trillion. This figure has sparked widespread market attention, with analysts suggesting that breaking above or below this level could determine whether SHIB initiates a new round of rallies or continues its long-term downward trend.

Despite persistent price pressure, SHIB has recently been in a clear downtrend. Charts show that the price has repeatedly formed lower highs and repeatedly broken support in consolidation ranges. Each brief rally has failed to break through the gradually declining resistance levels, indicating that market selling pressure persists rather than a temporary correction. The current resistance area is narrowing, further compressing the room for a rebound. If buying power does not increase significantly, any upward attempt may encounter strong suppression at historical resistance levels.

However, on-chain data presents a more complex signal. In recent weeks, a large amount of SHIB has flowed out of exchanges and into private wallets. This behavior implies that holders are reducing the circulating supply available for immediate sale, potentially reflecting an increased willingness to hold long-term or active accumulation. When exchange reserves decrease, the amount of tokens available for immediate trading in the market decreases, making it easier to form price support once demand recovers. In addition, network activity data has not shrunk in sync with the price. Despite the bearish market sentiment, the average number of transfers and the total transfer volume of the Shiba Inu network have both shown a moderate increase, indicating that user engagement in the ecosystem remains active. This suggests that even in a bear market, the community base has not disintegrated, and potential use case demand and on-chain interactions are steadily accumulating, laying the groundwork for future price recovery.