It’s not just the burns. Exchange reserves are sliding, too — a sign more holders are pulling coins off centralized venues into self-custody or staking. Fewer tokens sitting on exchanges often means thinner sell pressure and a healthier setup for an upside push.
HOURLY SHIB UPDATE $SHIB Price: $0.00001193 (1hr 0.23% ▲ | 24hr 2.30% ▲ )
— Shibburn (@shibburn) September 30, 2025
Market Cap: $7,034,023,680 (2.27% ▲)
Total Supply: 589,247,696,753,810
TOKENS BURNT
Past 24Hrs: 69,420 (-59.56% ▼)
Past 7 Days: 8,852,736 (321.60% ▲)
Exchange Reserves Hit Multi-Year Lows
Analyst Crypto Zayn highlights that SHIB’s exchange reserves have dropped to their lowest since 2023. With circulating supply near 84.55T and fewer tokens parked on exchanges, the sell-side cushion gets thinner — a classic early tell for accumulation.
$SHIB exchange reserves Falls to 84.55T tokens (~$998M), the lowest since 2023.... What This Means For Price?🐾
— Crypto Zayn (@Zaynnode) September 29, 2025
Fresh on-chain data suggesting tokens are moving into self-custody/staking instead of sitting on exchanges.
Why it matters 👇
🔥 Shrinking supply = less sell… pic.twitter.com/ZIkNm1Ovv7
Zayn’s read: as long-term holders grow, fewer SHIB are up for sale — combine that with ongoing burns and you’ve got the foundations for the next leg higher. Technically, price still sits below a descending resistance trendline, but a decisive breakout could ignite a broader relief rally — maybe even kick off crypto’s so-called “Uptober.”
Price Check: Testing Support, Watching Resistance
At writing, SHIB trades near $0.00001177 (−1.37% 24h, per CoinMarketCap), pressing on a key support at $0.00001168. Hold that level and a bounce builds a base; lose it and bears may probe the $0.00001129 zone.
- Immediate resistance: $0.00001269 (daily supply)
- Next hurdles: $0.00001278 (100-DMA) and $0.00001295 (200-DMA)
Resistance levels are set at $0.00001269 (the nearest on the daily chart), followed by $0.00001278 (100-day moving average), and then $0.00001295, where the 200-day MA runs. Breaking through these levels will require a significant increase in volume.
Meme Coin Indicators
The MACD remains in the negative zone: the MACD line is fixed at –0.00000029, while the signal line is at –0.00000018. This keeps the bearish sentiment, but the shrinking red histogram bars and narrowing gap between the lines indicate that selling pressure is easing. This may be a sign of a potential reversal forming.
Thus, SHIB’s recent token burns and the decline in exchange reserves are strengthening expectations of a bullish scenario. Coins are moving into staking and self-custody, forming an accumulation phase. Despite risks, the positive market sentiment and historically strong October performance make Shiba Inu one of the assets worth watching closely in the near term.