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For months, Shiba Inu has been dismissed as a relic of the crypto hype era, with stagnant trading volumes, declining social engagement and limited project developments fueling investor skepticism.
However, MMB Trader has challenged the “dead currency” narrative for SHIB, forecasting a possible rise by the end of the year.
Technical indicators and historical trends suggest that gains could reach 670% if market conditions align. This comes amid a wave of overlooked tokens suddenly skyrocketing, driven by renewed investor interest and strategic positioning, with a current price of $0.00001031.
Shiba Inu Accumulation Signals Strengthen Amid Declining Currency Supply
Shiba Inu is showing strong signs of a possible comeback as the stockpile intensifies. On-chain data reveals that its exchange supply has plummeted by more than 62%, indicating reduced selling pressure and increased investor confidence, a bullish setup that could fuel the token’s next big move.
In particular, the reduction in currency supply indicates that investors are moving SHIB into private portfolios for long-term holding, a clear sign of growing confidence and accumulation.
Therefore, this shift from speculative trading suggests that holders believe in SHIB’s long-term potential despite broader market weakness. With fewer tokens available on exchanges, supply becomes tighter, increasing the likelihood of steeper price movements if demand recovers.
Meanwhile, Etherscan data shows that Shiba Inu has 1,547,558 holders on-chain, a steady week-over-week increase that underlines the resilient community-driven momentum despite crypto market volatility.
