SHIB Tests Resistance as Vitalik Buterin Donation History Resurfaces
Shiba Inu (SHIB)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Shiba Inu is flashing bullish signals as it tests a key resistance zone near $0.00000521. The token is holding above key moving averages while trading with a firmer technical structure than seen in weeks. This resilience comes as the market revisits the connection between Ethereum co-founder Vitalik Buterin and the token.
In August 2020, Buterin received half of SHIB’s one-quadrillion supply unsolicited from creator Ryoshi. By May 2021, he donated 50 trillion SHIB to a COVID-19 relief fund in India, permanently removing them from circulation. That batch was worth roughly $6.7 billion at the time and remains a defining chapter in the token’s history.
SHIB currently sits inside a rising channel on the four-hour chart, signaling accumulating buying pressure. The token’s market capitalization stands near $3.073 billion, ranking it 33rd among all cryptocurrencies. Futures activity shows OKX leading volume at $12.71 million, followed by LBank at $12.01 million.
Liquidity is spread across KuCoin, WhiteBIT, Bitunix, Gate, MEXC, and Bitget. The next decisive level is $0.00000536, which could open the door to targets at $0.00000575 and $0.00000622.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 4 September 2026. Not the outlet's figures.
Whalio data shows SHIB trading at $0.000005410, indicating a move above the reported resistance. The 24-hour buy ratio is 49.7%, while the 1-hour ratio sits lower at 35.1% and the 4-hour ratio at 42.1%. This spread suggests that buying pressure is fading in the immediate short term compared to the daily average. The volume delta for the last hour is -$25,921, and the 4-hour delta is -$277,093, indicating net selling pressure in recent windows. Over the full 24 hours, the volume delta is -$15,343 with a CVD of -$581,835. These figures show that despite the price increase, sellers have been more aggressive than buyers in net terms. Only 7 of the last 24 hours saw net buying, highlighting a mixed flow environment.
The latest daily buy ratio of 43.0% sits at the 2nd percentile of the last 281 days, against a median of 48.8% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.2%, making today’s 24-hour reading of 49.7% only marginally higher by 0.5 points. Volume was 1.34 times the average, indicating significantly higher activity than usual. The 8-day volume delta total was -$436,516, showing that selling pressure has been a persistent theme over the longer timeframe. Price changed -0.2% over eight days, suggesting the recent move is part of a broader consolidation. This is an unusual day for volume but not for the underlying sell-side pressure that has defined the week.