The world of cryptocurrencies continues to be characterized by strong volatility, and the price of Shiba Inu (SHIB) is no exception.
After experiencing a turbulent period in recent months, the popular meme coin has seen a slight recovery.
In the last 24 hours, SHIB has gained 2.35%, surprising investors while the market remains flooded with losses.
But what makes the future of this cryptocurrency particularly interesting is a new on-chain data point that could signal a further bull rise.
The reserves of Shiba Inu on exchanges are at historic lows, a phenomenon that often indicates greater stability and a possible increase in the token’s price.
The current market of Shiba Inu (SHIB)
At the time of writing this article, Shiba Inu is trading at $0.00001304, highlighting a recovery from the 21% drop experienced in the last 30 days. This bull occurs despite the meme coin missing the opportunity to carry forward the positive momentum with which it had closed 2024.
Another interesting data point comes from the total reserves of SHIB on exchanges. On March 16, 2025, this figure reached a new all-time low of 93.573 trillion tokens, according to data from CryptoQuant. This amount represents only 15.88% of the total circulating supply. The indicator tracks the tokens held in the wallets of exchange platforms like Binance, Robinhood, Crypto.com, and Coinbase.
Why does the decline in reserves indicate potential growth?
When investors intend to hold their assets for the long term, they generally withdraw tokens from exchanges. This phenomenon leads to a reduction in the supply available for trading and is often seen as a bull signal.
The withdrawal of tokens during a period of price decline has several positive effects:
– The selling pressure decreases, as a smaller number of coins is available on the exchanges.
– Favors a change in market sentiment, encouraging investors to maintain their positions instead of selling.
– Reduces the available liquidity for immediate sales, allowing the value of the asset to stabilize and potentially grow over time.
If this trend continues, Shiba Inu might have the chance to regain a bull trend in the coming weeks.
Price predictions for Shiba Inu (SHIB)
The forecasts on the price of Shiba Inu reveal a possible significant increase in the month of March. According to the data provided by CoinCodex, the value of the token could reach a peak of $0.00002912. On average, SHIB should trade at around $0.00001577 for the entire month.
If these forecasts materialize, Shiba Inu could offer investors a significant profit opportunity, especially considering the decrease in selling pressure due to the reduction of reserves on exchanges.
Conclusion
The ecosystem of Shiba Inu shows signs of recovery, despite a recent period of instability. The sharp decline in exchange reserves suggests that investors are choosing to hold onto their SHIB instead of selling them, reducing the available supply on the market.
With a forecasted price increase in the coming weeks, Shiba Inu could soon return to being a key player in the cryptocurrency market. However, investors should always consider market volatility and conduct thorough research before making any financial decisions.
