2026-10-03 18:39:52
Shiba Inu Eyes Most Bullish Q3 as 74 Billion SHIB Leaves Exchanges, Fueling Fresh Accumulation
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Shiba Inu (SHIB) has been in overdrive as it is set to finish the third quarter of 2026 with a performance that stands in sharp contrast to its historically weak Q3 trend. Per CryptoRank data, SHIB has surged by 44.1% during Q3, putting it on track for its strongest third-quarter performance. Why is it a welcome move? Well, the end of Q3 has historically been a challenging period for the top meme coin, with September averaging only a 5.5% return. Source: CryptoRank Therefore, 2026 has emerged as a promising year for Shiba Inu because it has defied the seasonal Q3 weakness. Following a 24% correction in June, the 34th-largest cryptocurrency by market cap posted gains in three consecutive months as the broader crypto market recovered. SHIB advanced by 12.2% in July, added another 7.55% in August, and has so far surged by 19.4% in September. Is There Light at the End of Shiba Inu’s Tunnel? According to CoinGecko data , Shiba Inu is trading at $0.00000573, up 9.6% over the past 14 days, with the next major technical hurdle at the psychological level of $0.0000075. If heightened buying pressure materializes, a decisive move above that level could bring the long-term $0.0000110 region back into focus. On the other hand, SHIB’s on-chain activity is providing another notable signal. CryptoQuant data shows more than 74 billion SHIB in net exchange outflows. Why is this bullish? Well, large withdrawals can indicate that coins are being moved away from exchanges into private wallets or cold storage for future purposes, in the process slashing selling pressure. Meanwhile, earlier this month, a longtime figure within the SHIB community suggested that the project’s long-discussed spot ETF ambitions could be moving closer to reality.