$SHIB Declines by 7.4% This Week, Though Market Outlook Remains Guardedly Positive.

$SHIB has undergone a notable decline, dropping 7.4% from its high of $0.00001375 to $0.00001274 during the observed timeframe.

Amid ongoing volatility, on-chain data indicates rising institutional confidence in $SHIB long-term potential, as April 2025 recorded the creation of 109 new millionaire wallets.

$SHIB price is staying steady above $0.00001276, but with less trading activity, it shows signs of slowing down after a recent rise. Still, since the price keeps making slightly higher lows since 14:40, it could go up again if it doesn't fall below $0.00001274.