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Whale transactions in SHIB surged 522% in 24 hours, signaling strong accumulation.
Shibarium Layer 2 sees 70% growth in activity, pushing SHIB’s ecosystem beyond its meme coin roots.
SHIB price trades near key support, with technicals suggesting a potential breakout if resistance levels are cleared.
Shiba Inu (SHIB), once labeled a speculative meme token, is increasingly finding a place among more serious cryptocurrency contenders. As of June 3, 2025, SHIB ranks 19th in the global crypto market with a market capitalization of $7.72 billion, trading at approximately $0.00001310. While price movement has been modest recently, market behavior suggests SHIB is far from dormant. Whale transactions are increasing, on-chain activity is booming, and its ecosystem is evolving rapidly.
One of SHIB’s strongest indicators of health is its consistent liquidity. With a 24-hour trading volume of $123.07 million, the token remains one of the most actively traded assets in the market. This robust trading activity offers high accessibility for both retail traders and large investors, making SHIB an attractive instrument for short-term speculation and long-term positioning.
Shiba Inu now has over 1.5 million wallet addresses, many of which are held by long-term investors, and approximately 78% have maintained their positions for over a year. This level of loyalty is rare in the meme coin category and speaks volumes about investor confidence in SHIB’s long-term prospects.
However, SHIB’s massive token supply of 589.25 trillion remains a structural challenge. While such a large supply helps keep individual token prices low, appealing to new investors, it also makes substantial price appreciation mathematically difficult.
In 2023, Shiba Inu developers launched Shibarium, a Layer 2 blockchain designed to reduce gas fees and improve transaction efficiency.
Today, the network continues to gain adoption. Transactions on Shibarium are up 70% month-over-month, with cumulative value processed exceeding $12 billion. Additionally, over 11,452 tokens have been created on Shibarium, indicating a growing developer ecosystem.
These figures suggest SHIB is not just coasting on its meme status; it is building infrastructure that adds utility and long-term sustainability.
Shibarium’s success has introduced new use cases for SHIB beyond speculation, including DeFi integration, NFT platforms, and community-driven governance.
Also Read: 100x Crypto Gems Under $0.01: Unstaked, Velas, DAWGZ AI, Shiba Inu & More
Another compelling signal for SHIB's bullish potential is the increasing presence of whales. As reported by U.Today, whale transactions increased by 522% in the past 24 hours alone, totaling 1.95 trillion SHIB, equivalent to roughly $25.83 million.
This type of activity typically precedes major price movements. Whether it’s preparation for a breakout or accumulation, increased whale involvement is rarely neutral. It reflects confidence and often triggers retail participation, further driving momentum.
SHIB is currently trading at $0.00001310, showing mild downward momentum (0.86%). The chart illustrates the price compression between rising support and descending resistance, suggesting a potential breakout.
The 50-day EMA ($0.00001380) and 200-day EMA ($0.00001574) remain key resistance levels, while the price is testing support near $0.00001300, aligned with a trendline and demand zone.
The RSI at 41.95 suggests neutral-to-slightly bearish momentum, though a bounce from current levels may signal a recovery attempt. A break above $0.00001438 (100-day EMA) could initiate a move toward $0.00001574, while failure to hold support may lead to retests of $0.00001150.
Outlook: Neutral-bullish short-term; watch for breakout confirmation.
According to Watcher Guru, SHIB may climb by 37% this June, potentially hitting $0.00001981. Similarly, BlockDAG Network projects a 2025 range between $0.0000159 and $0.0000490, with a median forecast of $0.0000297.
For longer-term outlooks, CoinMarketCap Academy considers $0.0001 by 2030 a realistic goal, contingent upon token burns and broader cryptocurrency market growth.
While Shiba Inu still faces challenges, especially its vast token supply and price volatility, it has undeniably matured. The combination of Shibarium development, strong community support, increased institutional interest, and favorable technical setups makes SHIB more than just a speculative punt. Investors, however, must weigh these opportunities against macroeconomic risks, regulatory uncertainties, and the inherent unpredictability of the meme coin market.
As SHIB continues to evolve, it may eventually shed its meme label altogether, positioning itself as a staple cryptocurrency in the decentralized future.
Also Read: Shiba Inu vs Dogecoin: Best Meme Coin to Invest in May 2025?
