Shiba Inu (SHIB) Sees Price Uptick as Holders Remain Confident Despite Volatility

Shiba Inu (SHIB) has shown resilience amid ongoing market volatility in Q1. Despite challenges in maintaining key support levels, SHIB surged 2.45% in the last 24 hours, trading at $0.00001233. According to IntoTheBlock, 31.83 trillion SHIB—around 42.83% of total circulating tokens—are currently “in the money,” indicating a notable portion of holders are in profit.

This uptick in profitability signals renewed optimism among investors, even as SHIB’s daily trading volume declined by 21.24% to $192.59 million. While some market participants remain cautious, the growing number of profitable addresses could revive interest and help drive prices higher. However, sustained gains will depend on a return of trading volume and broader market stability.

Currently, 42.26 trillion SHIB, or 56.27%, are “out of the money,” while about 1.01 trillion SHIB—1.35%—sit “at the money.” These figures highlight the token’s price sensitivity and the importance of momentum in attracting further investment.

Confidence in SHIB's long-term growth is further supported by $110 million worth of open interest—equivalent to 8.9 trillion SHIB. This strong commitment from holders, along with community-driven deflationary efforts like burning over 15 million SHIB tokens, could contribute to future price appreciation by reducing supply.

Though market uncertainty remains, SHIB's deflationary model and loyal investor base continue to support its recovery narrative. As the ecosystem evolves, increased buying pressure and community engagement may position Shiba Inu for sustained growth, especially if bullish sentiment strengthens.