Overview
- Shiba Inu jumped about 37% in a concentrated two-day move over July 25–26 before stalling and reversing at the 200-day simple moving average near $0.0000058.
- On-chain data showed 52 large SHIB transfers worth more than $100,000 in a day, the highest count since March 31, a pattern consistent with large holders reducing exposure while price peaked.
- Reported token burns spiked to about 2.19 billion SHIB in 24 hours and exchange reserves fell roughly 9.3%, which together reduced readily available sell-side liquidity.
- Derivatives Open Interest dropped about 21%, leaving roughly $43 million outstanding and signaling that many leveraged futures positions were closed rather than added.
- The price structure is now fragile with the 100-day SMA and 0.236 Fibonacci level already lost and the 50-day SMA and the prior breakout base the key supports to watch for a sustained recovery; an analyst noted a clean daily move above $0.00000583 could reopen a path toward $0.00000714 while a fall below $0.00000409 would weaken the bullish case.