As of June 7, 2025, Shiba Inu (SHIB) is experiencing notable developments:
Price Movement: $SHIB
is trading at approximately $0.00001281, reflecting a 3.5% increase over the past 24 hours.
Record Holder Count: The number of SHIB holders has reached an all-time high of 1,510,290, indicating growing investor interest.
Significant Whale Activity: A substantial transfer of 2.87 trillion SHIB tokens, valued at around $36.6 million, was made to Coinbase Institutional. This move, attributed to market maker Wintermute, is part of liquidity management strategies
Despite these positive indicators, SHIB faces potential challenges. Analysts warn of a possible 28% price decline due to bearish technical patterns. Investors are advised to stay informed and exercise caution amid market volatility.