Shiba Inu Price Forecast: The Mystery of the Destination of 361 Billion SHIBs

A single large withdrawal from major South Korea exchanges has attracted attention: Where did $SHIB go?

Recently, a single large withdrawal of money from a mainstream South Korean cryptocurrency exchange made traders ask: Where did the $SHIB go? This issue is the core focus of current Shiba Inu (SHIB) price forecasts.

Shiba Inu was launched in 2020 as a decentralized Meme Token and subsequently expanded to its own Layer-2 network Shibarium. Currently, it remains one of the most widely held assets on the market, ranking 34th in market value.

Today's SHIB price is $0.0000507 , down 3.0% from yesterday. The market value is $2.99 billion , and the transaction volume in the past 24 hours has reached $70.953 million .

Real-time Market Data

Indicator Value $0.00000507 Market Value $29.9B Fully Diluted Valuation $29.92B 24 Hours Trading Volume $70.953M Circulation Supply 589.239T SHIB Total Supply 589.496T SHIB Data Source: CoinGecko, as of September 11, 2026. Data from different tracking sites may differ slightly.

Exchange activity

LBank ranks first in SHIB's futures activity, with trading volume reaching $12.59 million in the past 24 hours . OKX followed closely with $12.12 million in transaction volume ;MEXC ranked third with $7.62 million , and Bitget contributed $4 million .

The remaining trading volume is scattered among exchanges such as KuCoin, Bitunix, Gate, WhiteBIT and Coinbase, with relatively small amounts.

SHIB News: Large coin withdrawals raise questions

361 billion $SHIBs leave the Korean Exchange

According to U.Today, 361 billion $SHIBs were proposed through a transaction from South Korean cryptocurrency exchange Coinone. The media directly raised the question in the title: Where did the Shiba Inu funds go?

Regarding this SHIB news, no specific direction of funds has been confirmed, so it is better to regard it as an open data point rather than explaining the established reasons for today's price changes.

Such large exchange withdrawals can mean a variety of situations, such as transfers to cold wallet storage, over-the-counter (OTC) trading, or internal asset restructuring. Without further confirmation, the real motive behind the withdrawal remains unclear.

SHIB Price Forecast: Technical Outlook

This technical analysis of SHIB is based on the daily SHIB/USDT chart on the Binance platform. Prices have been climbing in the upward channel since May.

Currently,$SHIB has fallen back to the lower boundary of the channel and its supporting role is being tested.

The RSI indicator is at 48.09, slightly below its moving average of 54.22, indicating a weakening of momentum during this correction.

A "Wolfe Wave" pattern also appears on the chart, which points to a significant upside target. If momentum recovers, the overall overall situation will still be bullish.

Can $SHIB rebound to higher resistance?

If we hold the channel support level and break through the upper boundary with the cooperation of trading volume,$0.00000670 will become the first target level. If this position can be clearly broken through,$0.0000800 will open up upside; if the expected trend of Wolf Wave truly unfolds, the next target will be $0.00001015.

What happens if $SHIB falls below channel support?

Conversely, if the price falls below the channel support level and is confirmed by volume, look first to $0.00000494. If this level is lost,$0.00000464 will come into view; if the decline continues, the next target is $0.00000405.

Support and Resistance

Support Resistance $0.0000494 $0.0000670 $0.0000464 $0.0000800000000000000405 $0.00001015 Bull Market, Shock and bear market scenarios

Scenario setting conditions Target price Bull channel support is effective, Heavy volume breaks through resistance $0.0000670-$0.0001015 Shock (Base) prices consolidate near channel support $0.0000480-$0.0000550 Bear market Heavy volume breaks below channel support $0.0000494-$0.00000405 SHIB and Bitcoin correlation

The price movement of SHIB mainly follows the broader crypto market rather than independently moving. When Bitcoin shows stronger trading beliefs, the above-mentioned SHIB breakthrough or break scenarios tend to produce stronger reactions in both directions. This reminds us that tokens at the $SHIB liquidity level are closely linked to overall market sentiment.

Expert views

Traders concerned about SHIB trading settings point out that a large exchange withdrawal with no confirmed destination is itself difficult to interpret and is more a data point that requires continuous observation than a clear signal to take immediate action.

Their broker's **2026 Shiba Inu price outlook ** still returns to the final direction of this upward channel, and most people believe that the current support test is a key point to verify whether the uptrend of months is still complete.

Disclaimer

This Shiba Inu price forecast is for information purposes only and should not be regarded as financial advice. The cryptocurrency market is extremely volatile, and the technical form may not develop as expected. There is a possibility that any of the above scenarios may not be realized. Readers should conduct independent research before making any investment decisions.