Latest news on SHIB coin as of 20/06/2025
#shiba⚡
As of June 20, 2025, here are the latest news and key developments related to Shiba Inu (SHIB):
1. Whale Activity:
* SHIB has seen a significant increase in whale inflows (large investors) of over 1000% in the past week, with whale holdings reaching a six-month high. This activity suggests that strategic investors may be positioning early for a potential price rebound.
* However, overall, whales have reduced their positions in SHIB during the first half of 2025, with net outflows of approximately 20 trillion SHIB, indicating a cautious stance from major players.
2. Shibarium (Second Layer Network):
* A major update for Shibarium was implemented in June 2025 aimed at resolving congestion issues and improving the distribution of validator nodes. This update aims to provide more stable support for DeFi and NFT projects on the network.
* Despite improvements, early adoption of Shibarium remains relatively slow, with total value locked (TVL) being small compared to other blockchains.
* The number of unique wallet addresses holding SHIB reached a new record of over 1.511 million addresses in June 2025, demonstrating continued community growth.
3. Price performance and forecasts:
* The price of SHIB has decreased by 1% over the past 24 hours, 8% over the past week, and 20% over the past month (as of June 19, 2025).
* SHIB continues to trade below key technical support levels (the 50-day, 100-day, and 200-day exponential moving averages).
* SHIB price predictions for 2025 indicate significant volatility, with forecasts ranging from a potential minimum of $0.0000137 to a potential maximum of $0.0000721, depending on market conditions and developments.
* Some analysts indicate that SHIB may experience a significant rise in value if the cryptocurrency market as a whole rebounds and its technological projects and partnerships develop.
4. Other developments in the ecosystem:
* The Shiba Inu project is actively working on its projects in the metaverse and gaming, and the Shib: The Metaverse project entered its initial testing phase (Alpha testing) in mid-2025.
* The Shiba Inu community continues to be the backbone of the currency, providing energy, marketing, and a basic level of demand.
Important Note: The cryptocurrency market is highly volatile, and this news and forecasts are based on data available as of June 20, 2025. It is always advisable to conduct your own research before making any investment decisions.
$SHIB