As of early June 2025, Shiba Inu ($SHIB ) is navigating a volatile market landscape, marked by signifi
š Current Market Performance
SHIB is currently trading at approximately $0.00001259, reflecting a modest 0.04% increase from the previous close. Despite this slight uptick, the token has experienced a 10% decline over the past week, continuing a broader downward trend observed since May .
š Whale Activity and Market Impact
A notable development was the transfer of 2.87 trillion SHIB tokens, valued at $36 million, to Coinbase Institutional. Initially perceived as a potential sell-off, further analysis indicated that this movement was associated with market maker custody, suggesting a strategic positioning rather than an immediate liquidation .
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š Price Predictions and Technical Outlook
Analysts present a range of forecasts for SHIB's short-term trajectory:
CoinCodex anticipates a potential rise to $0.00001537 by the end of June, with a trading range between $0.00001246 and $0.00001784, indicating a cautiously optimistic outlook .
Changelly projects a possible increase to $0.0000181 within the month, assuming market conditions remain favorable .
However, on-chain metrics reveal challenges:
A consistent negative network realized profit/loss (NPL) suggests that many investors are selling at a loss, reflecting diminished confidence
These optimistic scenarios hinge on increased utility, community engagement, and broader market trends.
āļø Conclusion
Shiba Inu's current market position reflects a complex interplay of investor sentiment, technical factors, and broader crypto market dynamics. While short-term challenges persist, long-term projections offer a spectrum of possibilities, underscoring the importance of ongoing market analysis and strategic investment considerations.