Shiba Inu Price Prediction: Is the Binance Attacker Selling SHIB?
Is the Binance attacker selling SHIB? One post says so: 499.9 billion SHIB sold, part of about $279 million across more than 130 altcoins. At the chart price, the SHIB part is about $2.3M, under 1% of that total.
This Shiba Inu Price Prediction checks the claim against the chart, where SHIB trades at $0.000004539, down 2% and about 3% above $0.000004414 support.
Market data checked on November 3, 2026, at 11:52 IST.
Why is Shiba Inu price down today?
The Shiba Inu price today is down 2% to $0.000004539 in 24 hours, closely tracking a broader crypto sell-off and amplified by direct selling pressure. The move is primarily driven by market-wide risk aversion and a major token dump from the Binance hacker.
Primary reason: Direct selling pressure from the Binance exploit, where the attacker sold nearly 500 billion SHIB tokens.
Secondary reasons: Broader market beta (following Bitcoin's -2.29% drop) and sector-wide weakness in meme coins.
Shiba Inu News: Attacker Sale Claim
The attacker behind the $6.3 billion Binance hack has sold 499.9 billion SHIB, part of about $279 million in sales. It adds that SHIB has absorbed the sale so far.
Binance has said the incident had an estimated impact of about $6.3 billion, per Fox Business's report of its statements, and has called it a security incident.
The post shows no wallet or on-chain data, and CoinGabbar could not verify who sold.
$SHIB News: Supply and Burn Data
$SHIB had burned about 410.84 trillion tokens by late July 2026, or 41.08% of its 1 quadrillion supply. A burn sends tokens to a wallet nobody can spend from. It says about 589.24 trillion $SHIB still circulate and daily burns often total just a few million tokens.
The figures are from late July. CoinGabbar could not verify them.
Put together, 499.9 billion $SHIB is about 0.08% of the circulating supply, CoinGabbar's math. That is far larger than a daily burn of a few million tokens. It is small next to total supply.
Source: Data From X
SHIB Outlook: SHIB Liquidation Data
A liquidation happens when an exchange force-closes a leveraged trade because the trader can no longer cover losses. Longs bet on a rise, and shorts bet on a fall.
Window | Total Liquidated | Long | Short |
12h | $5.94K | $5.09K | $854.30 |
24h | $79.16K | $78.25K | $912.52 |
Source: Data From CoinGlass
Longs took about 99% of the $79.16K liquidated over 24 hours. About 92% of the total came in the earlier 12 hours, so liquidations have slowed.
Shiba Inu Price Prediction: Technical Analysis
$SHIB peaked near $0.000006002 in late September. It has since moved lower inside a falling channel, a pair of downward-sloping boundaries that hold price in a range.
On October 30, a wick dropped to near $0.0000045 before buyers pushed the price back. Today's candle opened there, reached $0.000004599 and printed $0.000004539, near its low. It was still open, so the close can change.
An EMA, or exponential moving average, weights recent prices more heavily. Price is under both the 20 EMA at $0.000004895 and the 50 EMA at $0.000005105.
Shiba Inu Forecast: Support and Resistance Levels
Type | Level |
Highest marked level | $0.000006002 |
Resistance 2 | $0.000005506 |
Resistance 1 | $0.000005003 |
Immediate support | $0.000004414 |
Deeper support | $0.000004011 |
Bull case: A daily close above $0.000005003, about 10% higher, would put $0.000005506 in view.
Bear case: If $SHIB closes below $0.000004414, about 3% lower, the price could slide about 12% toward $0.000004011.
$SHIB Scenarios and Invalidation (November 3, 2026)
Scenario | Trigger | Likely Outcome | Invalidation |
Bull | Close above $0.000005003 | Move toward $0.000005506 | Close below $0.000004414 |
Base | Range of $0.000004414 to $0.000005003 | Sideways inside the channel | Break of either level |
Bear | Close below $0.000004414 | Slide toward $0.000004011 | Close back above $0.000004414 |
$SHIB Prediction: Can Shiba Inu Reach $0.000006002?
It would take a gain of about 32% from $0.000004539. Any Shiba Inu price forecast toward that level needs more than an end to selling.
Shiba Inu Price Prediction: CoinGabbar Technical View
$SHIB is drifting lower inside its channel, and the attacker claim is unproven. The level to watch is $0.000004414. A daily close below it would open $0.000004011, while a close above $0.000005003 would be the first real sign of strength.
Disclaimer
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving SHIB.
