Shiba Inu Price Weakens to $0.0000043 While Adoption Hits 1.6M Holders

Key Insights:

• Shiba Inu price slips to 31st rank after losing the $0.0000043–$0.0000045 zone
• Holder count climbs above 1.6 million wallets
• Exchange flows show net withdrawals despite price weakness

Shiba Inu started the month with a brief lift that pushed it back into the top 30 cryptocurrencies, but that move did not hold for long. Price rolled over again as sellers stepped in, dragging SHIB back down the rankings and into a weaker structure overall.

Even with that pressure on price, activity underneath the surface has not slowed. Wallet growth is still rising, exchange behavior is leaning toward withdrawals, and short-term charts are starting to show early signs of stabilization. The market looks split between price weakness and underlying accumulation.

SHIB Loses Top 30 Spot as Price Slides Lower

SHIB price has slipped from its recent recovery high and is now trading around $0.000004399 after moving down from roughly $0.0000045. That decline was enough to push it out of the top 30, placing it at 31st by market capitalization.

At current levels, SHIB sits near a $2.59 billion valuation, just behind projects like Near Protocol and Cronos. The gap is small, but enough to shift rankings as liquidity remains thin across meme assets.

The rejection came after an early-month attempt to rebuild momentum. Buyers managed to lift price briefly, but follow-through was missing, and the market faded back into its previous range.

For now, the key area remains the $0.0000043 region. Holding that level keeps the structure stable. Losing it would open the door to deeper downside levels that have not been tested in recent weeks. A recovery back above $0.0000045 would be needed to reset short-term sentiment.

Shiba Inu Holder Count Keeps Climbing Past 1.6 Million

While price has been struggling, network growth has moved in the opposite direction. SHIB holders have now crossed 1.6 million addresses for the first time, reaching about 1,600,003 wallets based on Etherscan data.

That figure has continued to rise through July, with more than 1,700 new wallets added during the month. The trend shows that participation has not slowed even as price has weakened.

In many cases, rising holder counts during downtrends point to accumulation behavior. Rather than getting out of positions, more of the participants seem to be adding them at lower dollar levels or are staying through volatility.

It also displays a lack of correlation between price sentiment and the activity on-chain. The total number of transactions on wallets is growing daily even under pressure on SHIB. Despite the pressure, engagement is growing as transactions are made on wallets.

Exchange Flows Lean Toward Accumulation

Exchange data supports the same pattern. Over the past 24 hours, around 445.1 billion SHIB tokens moved out of exchanges, while 393.72 billion moved in.

That left a negative net flow of about 51.38 billion SHIB, meaning more tokens were withdrawn than deposited during the period. This type of flow often suggests holders are moving assets into private wallets rather than preparing to sell.

Short-term, that reduces immediate sell-side pressure. It also hints that traders may be positioning for longer holding periods rather than quick exits.

Even so, exchange reserves remain high at roughly 86.97 trillion SHIB. That means supply pressure has not disappeared, even if recent flows lean in a more supportive direction.

The pattern also follows earlier inflows of roughly 665 billion tokens, showing that flows are still uneven and reactive rather than consistently directional.

Short-Term Signal Points to Possible Recovery

On lower timeframes, SHIB is showing an early technical shift. A mini golden cross has formed on the four-hour chart after the 23-period moving average crossed above the 50-period moving average near $0.000004346.

This type of crossover tends to occur when there is a long-term downtrend that starts to change. It does not guarantee continuation, but it usually reflects a short-term change in pressure.

Given the current structure, the next region of interest is between $0.00000470 and $0.00000480. If the trend continues, that would be around a 9% shift from the present.

The main obstacle remains the higher moving averages above price, including the 200-period line. If buying strength fades, SHIB price can easily slip back into its range instead of extending higher.

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