Shiba Inu Hides in Plain Sight as 29M SHIB Flies off Exchanges

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SHIB price is still stuck at resistance like a overbooked shampoo commercial, but 29,169,846 SHIB slipping out of exchanges, a quiet uptick in active addresses, and a “fear” mood ring suggest we’re in a quieter accumulation phase-like a party where everyone pretends to be busy.

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Network activity and price context

On-chain metrics back that accumulation story. Active SHIB addresses have risen 0.83% to 195, with active receiving addresses up 1% to 131 and total transactions reaching 5,863, numbers KuCoin says “show signs of life in the Shiba Inu ecosystem” despite the absence of a breakout on the chart. Even so, SHIB continues to trade under key resistance, with recent technical commentary warning that failure to regain its range could leave the token vulnerable to “a steeper correction” if macro conditions deteriorate.

Majors over the last 24 hours

The majors set the backdrop, and they look more cautious than euphoric. Bitcoin is hovering around $88,400, roughly flat to slightly higher in the last 24 hours as it chops below the $90,000 area that has repeatedly capped rallies. Ethereum changes hands near $2,911, up about 0.7% on the day, with a 24‑hour range that has seen dips toward support before snapping back. XRP trades around $1.885, BNB near $883, and Solana about $123.65, all posting gains of roughly 0.1-1.4% in that same period.

KuCoin’s daily market report sums up the mood bluntly: sentiment has improved only from “Extreme Fear” to “Fear,” and “no clear expansion in risk appetite toward higher‑beta assets” has yet emerged. Against that backdrop, SHIB’s quiet drift into self‑custody looks less like a late‑cycle blow‑off and more like disciplined position‑building while the market waits for its next macro cue.

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2026-01-27 14:36