Well, folks, it turns out that your once-hopeful Shiba Inu investment has turned into a sad little dog with a pointy tail—down 30% since May. Who knew that chasing shiny coins would lead to nothing but an empty bowl? The whales, those enormous aquatic vampires, seem to be doing a synchronized swim away from SHIB, and I don’t blame them. If I had a billion tokens, I’d be selling mine at a loss and crying into my laptop too.
Shiba Inu (SHIB) has fallen from its May peak of $0.00001757 to a more modest $0.00001260—basically, the financial equivalent of stepping in dog poop. It’s currently hanging out at its lowest since May 7, which, considering the recent activity, is kind of like celebrating when the ice cream melts.
On-chain data just screams, “Whale exodus!” as these massive investors dump their holdings faster than you discard expired milk. Santiment reports that holders with between 100 million and 1 billion tokens are down from 19.5 trillion to a sad 17.96 trillion—almost enough tokens to buy a decent latte, but not quite. Meanwhile, the smaller fish—those holding between 1 million and 100 million tokens—are also selling aggressively, suggesting everyone’s trying to get out before the ship sinks fully.
The percentage of stablecoin supply held by these whale overlords has shrunk from 56% to a modest 52.4%, as if they’re trying to persuade us that they’re just “taking profits.” Nice try, guys. Many of these investors are panic-selling at a loss, with the network’s profit/loss metric tipping into the red — negative 1.04 million — which is basically just a fancy way of saying, “Look at what I lost, and I regret every moment of it.” 💔
Apparently, the whales are fleeing because the fundamentals are flimsier than a house of cards in a hurricane. The Shiba Inu burn rate—think of it as a Hosea of hope—has plummeted, dragging sentiment down with it. Who wants less burning? Certainly not the investors who secretly enjoy watching their digital doggo go to sleep forever.
Further proof of our dog’s decline is the activity on ShibariumScan: active accounts have nosedived from 1,045 on June 6 to a staggering 172 today. Transaction fees? Down from 1,459 BONE to only 336. It’s like everyone got bored and decided to watch paint dry instead of turning their tokens into adorable little burns. Fewer transactions mean fewer SHIB disappearing, and that’s bad news for those hoping for a comeback, which, frankly, I wouldn’t count on.
Shiba Inu Price Drama—The Impossible Comeback?
Looking at the charts—because what else can you do in a crypto crisis?—SHIB peaked on May 12 at $0.00001757 before nose-diving to around $0.00001250. It’s forming those lovely lower lows and lower highs, a pattern that suggests our puppy is headed for the basement. It’s dropped below the 50- and 100-day moving averages, which, for those of us who regard Fibonacci retracements as bedtime stories, means it’s all going poorly.
The support level at $0.00001043 is like the last slice of pizza—it’s there, but it’s getting further away. If the price manages to crawl above $0.00001361, maybe we’ll all breathe a tiny sigh of relief and stop crying into our keyboards. Until then, buckle up—the downward slide is still very much on the menu.
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2025-06-09 16:55