Shiba Inu: These Developments Confirm SHIB Isn’t Going to Zero

Despite the recent market downturn sparking fears that Shiba Inu could be heading to zero, whale activity and SHIB’s underlying market structure tell a very different story.

Shiba Inu, like many other crypto assets, has been facing a sustained downturn, recently losing the psychological $0.00001 level. Although SHIB briefly climbed to around $0.00001022 last week, the token failed to maintain that upward momentum. It dropped to $0.0000086 over the weekend before recovering slightly to $0.00000898.

Shiba Inu Heading to Zero?

A recurring theme within the Shiba Inu community is that every sharp decline prompts speculation that the SHIB price is headed to zero. Critics often amplify these narratives to fuel panic and unsettle holders. With Shiba Inu retracing, the “heading to zero” claims have resurfaced across social platforms.

While things have not been looking good for Shiba Inu lately, large, liquid assets with multi-billion-dollar market caps, such as Shiba Inu, do not suddenly plummet to zero price.

Currently, several exchanges are reporting massive daily volumes of SHIB. Data from CoinMarketCap shows that Shiba Inu’s volume soared 17.43% over the past 24 hours to $138.49 million. A significant portion of this volume originated from KuCoin, Binance, Upbit, OKX, and Coinbase.

Moreover, Shiba Inu has been trading in a tight consolidation for weeks, with its price stuck between the $0.000009 and $0.000010 range. This price structure typically precedes a significant price action, either to the upside or downside.

Whales Remain Resilient As SHIB Exchange Reserves Drop

Another compelling indicator that supports the Shiba Inu thesis is the behavior of whales toward the token.

If SHIB were on the brink of collapse, data would show large holders moving tokens to exchanges to sell. That is not happening. Retail investors are also not offloading SHIB in significant volume.

CryptoQuant data indicate that exchange reserves of SHIB have steadily declined, reaching 81.77 trillion tokens as of press time, a decrease from 82.03 trillion on November 1. This suggests that holders are either moving SHIB off exchanges or holding tightly, which undermines the narrative of a mass sell-off.

Analysts Still Bullish on SHIB

Meanwhile, several crypto analysts remain optimistic about Shiba Inu’s long-term prospects. TradingView analyst Kledji Cuni recently projected that SHIB could rally between 100% and 512%, potentially pushing the price as high as $0.0000420.

Adding to the bullish outlook, several experts expect Shiba Inu to trade with three zeros in the coming months. Among those sharing this sentiment are Eunice Wong and Himanshu Maradiya, founder and chairman of the CIFDAQ Blockchain Ecosystem.

Team Optimistic After SHIB Joins Japan’s Green-List

Despite the recent negative market sentiment, the Shiba Inu team appears unshaken. It recently teased an upcoming integration with Bitget Wallet, sparking speculation that the partnership may involve payments or enhanced utility.

SHIB also received a significant legitimacy boost as it joined Japan’s green list, joining major assets like Bitcoin and Ethereum.

SHIB ETF on the Horizon?

In the meantime, optimism has grown around the possibility of a Shiba Inu ETF emerging in the U.S. This wave of speculation follows Grayscale’s disclosure that SHIB qualifies for an ETF under the SEC’s Generic Listing Standard (GLS) framework.

While no U.S. asset manager has filed for a SHIB ETF, community commentators believe it is only a matter of time.

Shiba Inu Faces Stagnation, Not Elimination

Ultimately, Shiba Inu is not at risk of crashing to zero. The main concern is stagnation.

Despite a 17.43% volume increase in the past 24 hours, trading remains well below recent highs. If low catalysts persist, SHIB may drift sideways, but a collapse to zero is unlikely, given the current market structure.