Shiba Inu Reserves Drop as “Uptober” Rally Looms

Shiba Inu could be preparing for an October surge after exchange reserves dropped to their lowest level in two years. Crypto analyst Zayn suggested that reduced reserves signal lower selling pressure, which often precedes accumulation phases. The development has sparked renewed optimism that the token may benefit from the broader “Uptober” trend. Historical data also points to October as one of Shiba Inu’s strongest months for growth.

Declining Exchange Reserves Signal Accumulation

According to Zayn, Shiba Inu’s exchange reserves have fallen to 84.55 trillion tokens, their lowest level since 2023. According to the CryptoQuant information, approximately 190 trillion SHIB were in exchanges in January 2023. This figure has dropped to 140 trillion by the start of 2025, and it still declining. The balance has now been reduced to 84.49 trillion, and this serves to indicate a significant decrease in the number of tokens that can be sold at one time.

Source: X

Zayn explained that this drop indicates investors are shifting tokens into self-custody and staking. The trend typically signals reduced selling pressure, as fewer tokens are held on centralized platforms. He noted that such phases have historically aligned with periods of long-term accumulation. These accumulation stages, in turn, often pave the way for the next wave of bullish activity.

Breakout Could Trigger “Uptober” Momentum

On the technical side, Zayn highlighted that SHIB is trading near $0.000011 and remains under a descending resistance trendline. He suggested that a decisive breakout above this line could act as the trigger for an “Uptober” rally. The analyst noted that the month has built a reputation for bullish momentum across the crypto market.

Historical records back this outlook. Shiba Inu’s all-time high of $0.00008845 was achieved in October 2021. The token also recorded gains of 10.4% in October 2022 and 6.04% in 2023. Even its weakest October rally, posted last year, still saw an increase of 2.46%. On average, Shiba Inu has posted a remarkable 213% growth during October.

The past performance does not guarantee future results, but optimism remains high for Q4 2025. Many in the crypto community expect the next stage of the broader rally to begin in October. While several assets have already seen modest gains, Shiba Inu has yet to fully benefit. The token briefly rose above $0.000012 yesterday before pulling back to $0.00001163, at the time of writing.