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Shiba Inu currency soared 25% over the weekend, exchange reserves hit record lows

2026-07-28 12:42:13
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Shiba Inu rose 25% over the weekend as exchange reserves hit historical lows

Shiba Inu (SHIB), a well-known memin coin marked by dogs, surged 25% over the weekend, surprising many market observers. This trend has been accompanied by changes in investor activity, suggesting that SHIB's performance may usher in a broader recovery.

Key drivers of SHIB's recent rise

Despite the general downturn in overall cryptocurrency market sentiment, SHIB has successfully escaped the overall trend. A variety of factors seem to have driven the token's recent rise. Observers point to the increase in speculation in the SHIB derivatives market and the renewed enthusiasm for projects within the SHIB community as important reasons. Recently, Mazrael, the developer of the Shibarium blockchain network, revealed that he is working hard to restore the game project Shiba Eternity in the Shiba Inu ecosystem.

Another factor driving SHIB to achieve double-digit returns is the rapid decline in exchange reserves. Investors are accelerating the withdrawal of SHIB tokens from centralized platforms into self-managed wallets. The current supply of SHIBs available on the exchange is 86.2 trillion pieces, up from the previous historical low of just below 86 trillion. A month ago, exchange reserves were about 88 trillion pieces, indicating a sharp decline in supply in July.

If withdrawals continue and the SHIB continues to move towards the US$0.0000500 resistance level, analysts believe there may be a serious supply strain. Typically, reduced exchange supply supports price increases, especially if demand or trading activity increases.

Trading volume of SHIB on the spot exchange surged more than 100% from the previous day, reaching US$265 million in 24 hours. According to data, this surge has lifted Shiba Inu back to 30th place in the global cryptocurrency market capitalisation ranking, with a total market capitalization currently of US$2.94 billion.

Small Dictionary: Shibarium is a two-layer blockchain network developed to support the Shiba Inu ecosystem, designed to provide faster transaction speeds and tailor-made decentralized applications for SHIB holders.

Comparison with market peers

SHIB also outperforms multiple competitors in terms of trading activity. Its transaction volume in the past 24 hours is five times that of Hedera Hashgraph token (HBAR), which traded US$35 million during the same period. Although Shiba Inu's market value still lags behind Hedera, the gap has narrowed to less than $100 million. SHIB's trading volume also exceeded Sui (SUI).

According to comparison, Shiba Inu's 24-hour trading volume is US$265 million, with a market value of US$2.94 billion;Hedera (HBAR) trading volume is US$35 million, with a market value of approximately US$3.04 billion;Sui (SUI) trading volume is less than US$265 million, and the market value is unclear.

SHIB's current goal is to break through the US$0.0000500 barrier and erase another zero. SHIB last reached this level in November 2025. Current technical signals reinforce the bullish outlook, with on-chain indicators showing increased whale purchases, positive signals from the SuperTrend indicator, and a renewed rebound in participation within the Shiba Inu app ecosystem.

Against the backdrop of growing investor interest, Shiba Inu's overall momentum continues to gain momentum, as evidenced by the significant increase in trading volume and the decline in exchange reserves. The combination of technical and fundamental factors provides cautiously optimistic expectations for SHIB to try to replicate past gains.

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