🤝 Shiba Inu's Rollercoaster: Meme Coin Rides Market Volatility 🤝

👉 Key Takeaways 🤝

👉Whale transactions in SHIB surged 522% in 24 hours, #CircleIPO signaling strong accumulation.

👉Shibarium Layer 2 sees 70% growth in activity, pushing SHIB’s ecosystem beyond its meme coin roots.#BinanceAlphaAlert

👉SHIB price trades near key support, with technicals suggesting a potential breakout if resistance levels are cleared.

Shiba Inu (SHIB), once labeled a speculative meme token, is increasingly finding a place among more serious cryptocurrency contenders. As of June 3, 2025, SHIB ranks 19th in the global crypto market with a market capitalization of $7.72 billion, trading at approximately $0.00001310. While price movement has been modest recently, market behavior suggests SHIB is far from dormant. Whale transactions are increasing, on-chain activity is booming, and its ecosystem is evolving rapidly.

Liquidity, Volume, and Holder Dynamics#BinanceSquareTalks

👉One of $SHIB ’s strongest indicators of health is its consistent liquidity. With a 24-hour trading volume of $123.07 million, the token remains one of the most actively traded assets in the market. Shiba Inu now has over 1.5 million wallet addresses, many of which are held by long-term investors, and approximately 78% have maintained their positions for over a year. This level of loyalty is rare in the meme coin category and speaks volumes about investor confidence in SHIB’s long-term prospects.#TrumpTariffs

👉However, $SHIB ’s massive token supply of 589.25 trillion remains a structural challenge. While such a large supply helps keep individual token prices low, appealing to new investors, it also makes substantial price appreciation mathematically difficult.$BTC

👉 Today, the network continues to gain adoption. Transactions on Shibarium are up 70% month-over-month, with cumulative value processed exceeding $12 billion. Additionally, over 11,452 tokens have been created on Shibarium, indicating a growing developer ecosystem.#MyCOSTrade