Shiba Inu Cryptocurrency Could See a Rebirth Following a 30% Increase in New Wallet Holdings
The popular cryptocurrency Shiba Inu (SHIB) has shown signs of fresh bullish momentum, with an increase in new wallet inflows boosting network activity on the ecosystem.
According to recent data, there was a significant 30% surge in the creation of new wallets between August 7 and 9, 2025. This surge has been accompanied by an increase in the daily unique wallet count, rising from approximately 3,000 to nearly 4,000. This increase suggests that more investors are entering the SHIB ecosystem, a positive sign for the cryptocurrency.
The growing participation typically supports liquidity growth and can drive up market activity, creating favorable conditions for price recovery or bullish trends. Technical indicators also support this optimism. Shiba Inu has broken above a rising trendline resistance and is moving towards critical moving averages like the 200-day EMA.
If Shiba Inu can break through the 200 EMA and cause a bullish EMA crossover, it may signal the beginning of a longer-term uptrend. However, it's important to note that sustaining a positive price trend requires consistent trading volume and ongoing network use; one-time wallet surges alone do not guarantee long-term gains.
The 50-day EMA is getting closer to a bullish cross above the 100-day EMA, which increases the bullish potential for Shiba Inu. A clear close above the 200-day EMA may open the door to additional gains for the cryptocurrency.
It's worth noting that such spikes in the creation of new wallets have historically occurred before levels of market activity have increased. Therefore, it's crucial to monitor the consistency of this participation to determine whether this recent resurgence gains enduring traction.
In summary, the increase in fresh wallets signals heightened market engagement in SHIB, which, together with supportive technical factors, enhances its potential for a bullish price trend in the near term. The recent price level of Shiba Inu is $0.000014, and an additional 10% increase from this level could trigger a bullish confirmation.
[1] CoinMarketCap. (2025). Shiba Inu Price. Retrieved from https://coinmarketcap.com/currencies/shiba-inu/
[2] Cointelegraph. (2025). Shiba Inu price prediction: SHIB eyes 50% surge as whales accumulate. Retrieved from https://cointelegraph.com/news/shiba-inu-price-prediction-shib-eyes-50-surge-as-whales-accumulate
[3] Decrypt. (2025). Shiba Inu's Price Surges 30% as New Wallets Boost Network Activity. Retrieved from https://decrypt.co/88880/shiba-inu-price-surges-30-as-new-wallets-boost-network-activity
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