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Shiba Inu (SHIB), one of the most watched meme coins in the market, is once again under pressure as its Shiba Inu price slid by 2.67% over the past 24 hours, dipping to $0.00001275 as of June 5, 2025. While minor price dips are common in crypto, this particular drop is raising eyebrows across the community, and it’s not just because of a single technical signal.
From large whale transactions to declining ecosystem activity, multiple red flags are aligning, and they may point to more downside unless the trend reverses soon.
Whale Moves Rattle the Market
The most notable catalyst behind SHIB’s drop was a massive whale transaction involving 2.87 trillion SHIB tokens, worth approximately $36 million, being moved to Coinbase Institutional. The sender wallet is reportedly tied to Wintermute, a major market maker.
Large deposits like this typically signal an intent to sell or rebalance, which can trigger selling pressure and panic among retail traders.
“Whenever a whale dumps on a major exchange, it shakes retail confidence,” said crypto strategist Daniel Myles. “It’s not just about the Shiba Inu price — it’s about trust in market stability.”
Shibarium Activity Weakens
Adding to the selloff, recent on-chain data from the Shiba Inu ecosystem reveals declining user engagement. Daily transactions on Shibarium, the project’s Layer 2 solution, have dropped below 75,000, and active BONE holders have dipped to 9,391, the lowest since January 2025.
These metrics indicate a slowdown in ecosystem usage, which often translates into reduced demand for SHIB and related tokens.
“People forget that meme coins thrive on community hype and usage,” said analyst Rina Joseph. “When the on-chain numbers drop, it reflects real disengagement.”
Technical Signals Confirm Bearish Sentiment
From a charting perspective, the warning signs are mounting. SHIB’s 20-day Exponential Moving Average (EMA) has recently crossed below the 50-day EMA, signaling a potential short-term bearish trend.
Moreover, SHIB has fallen below a key high-volume support level, a technical zone where many past transactions occurred. Breaking below such levels often leads to further downward acceleration, as buy-side liquidity disappears.
Trading Volume and Sentiment Wane
SHIB’s 24-hour trading volume has fallen to $145 million, placing it well behind meme coin rivals like Dogecoin (DOGE) and PepeCoin (PEPE). A low volume environment generally reflects a lackluster market sentiment and can make the asset more vulnerable to sharp Shiba Inu price swings due to thin liquidity.
Shiba Inu Price Table
| Metric | Value |
|---|---|
| Current Price | $0.00001275 |
| 24-Hour Change | -2.67% |
| 24-Hour High | $0.00001314 |
| 24-Hour Low | $0.00001275 |
| Whale Transfer Volume | 2.87 Trillion SHIB |
| Estimated Transfer Value | $36 Million |
| Shibarium Daily Transactions | <75,000 |
| Active BONE Wallets | 9,391 |
Despite short-term bearish signals, not all is lost for SHIB. Analysts at Markets.com suggest a possible bounce-back later in June, provided Shibarium usage rebounds and the community re-engages with DeFi protocols and staking.
However, they also warn that if support at $0.00001250 fails, SHIB could retrace further toward $0.00001100, especially if whale outflows continue.
“SHIB remains a sentiment-driven asset,” said Markets.com analyst Jessica Reeves. “If the team delivers on ecosystem updates and whales stop selling, recovery is very possible.”
Conclusion: A Pivotal Moment for SHIB
Shiba Inu price recent drop is not just a random blip. It reflects broader concerns about whale behavior, ecosystem slowdown, and technical weakness — a combination that requires cautious optimism from investors.
Whether SHIB rebounds or declines further will likely depend on ecosystem engagement, market liquidity, and community confidence. Until then, traders should brace for potential volatility and watch key support levels closely.
FAQs
Why is Shiba Inu (SHIB) falling today?
A large whale transaction to Coinbase, declining ecosystem activity, and bearish technical signals have triggered the recent drop.
What is the current Shiba Inu price?
As of June 5, 2025, SHIB is trading at approximately $0.00001275.
Is SHIB still a good investment?
That depends on your risk tolerance. Short-term weakness is clear, but long-term recovery may follow if the ecosystem revives.
What support level should investors watch?
$0.00001250 is a key short-term support. A break below could lead to further downside.
Glossary
Whale Transaction – A large movement of tokens by a major holder, often impacting market sentiment and prices.
Shibarium – Shiba Inu’s Layer 2 blockchain network designed to enhance scalability and lower transaction costs.
EMA (Exponential Moving Average) – A technical indicator used to track price trends by smoothing data over a period of time.
Support Level – A price level where buying demand typically prevents the asset from falling lower.
Sources
Note: Cryptocurrency investments carry significant risk due to market volatility. Always conduct thorough research or consult a financial advisor before making investment decisions.
