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Shiba Inu price prediction: the plot thickens for SHIB

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June 5, 2025
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Shiba Inu price prediction: the plot thickens for SHIB
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Shiba Inu price has underperformed the market in the past few months, and its on-chain data shows that the worst may happen. SHIB price was trading at $0.00001285 on Thursday morning, down by 28% from its highest point this year. It has lagged behind most altcoins like Pepe and Dogwifhat.

Shiba Inu price at risk amid weak on-chain metrics

The chart below is a compilation of several important metrics that point to more SHIB price crash in the coming months. First, the orange bars show that the number of daily active addresses has been declining after peaking in February. In most cases, a cryptocurrency do well when there are more active addresses interacting with it.

Second, the red line shows that the network growth has slumped to its lowest point in over a year. A falling network growth means that fewer addresses are being created a day, signaling low demand for the coin.

Third, more data shows that the number of Shiba Inu transactions have plummeted in the past few months. It had just 2,700 transactions on Thursday, much lower than the year-to-date high of almost 4,000.

More data shows that Shiba Inu whales have given up on it and started to capitulate. The total supply of Shiba Inu coins held by whales has plunged to 718 trillion from over 743 trillion earlier this year. Whale selling is a sign that they expect the coin to continue falling in the coming months.

Read more: Shiba Inu price prediction: mapping out potential SHIB scenarios

This is notable since these whales are selling the coin at a loss as the network realized profit/loss has plunged to minus 134. A negative NPL is a bad sign since it means that SHIB holders are tired of waiting for a turnaround. Many of them sell the coin so that they can move to othe, better-performing assets. 

Further, the 365-day Mean Dollar Invested Age (MDIA) shows that it has started to come down. T moved from 161 in May to 157 today, a sign that selling is happening.

Shiba Inu on-chain data | Source: Santiment

More SHIB data point to a sell-off

Further, more Shiba Inu data points to a more prolonged sell-off in the coming weeks. First, CoinGecko numbers show that Shiba Inu’s demand has largely dried up in the past few months as investors focus other meme coins. 

Despite having a market cap of over $7.5 billion, Shiba Inu had a 24-hour volume of $127 million. In contrast, Dogwifhat, which has a market cap of over $884 million, had a 24-hour volume of $366 million. 

Shiba Inu’s volume was also lower than that of BUILDon, a new coin valued at $395 million that had $130 million in volume. 

Further, fewer Shiba Inu coins are being removed from circulation through burning. While the daily burn rate rose by 118% on Thursday, the core figure was 31 million, equivalent to less than $400, a tiny amount for one of the biggest players in the crypto industry.

SHIB coin price technical analysis

SHIB price chart | Source: TradingView

The daily chart shows that the SHIB price has come under pressure in the past few weeks, and its recent attempts to recover have found strong resistance at $0.00001760. 

SHIB price has formed a bearish flag chart pattern, comprising of a vertical line and a rectangle formation. This pattern often leads to more downside, which may happen soon now that it has moved to the lower side of the channel.

Shiba Inu price remains below the 50-day and 100-day Exponential Moving Averages (EMA). Therefore, this coin will likely continue falling as sellers target the year-to-date low of $0.00001037.

The post Shiba Inu price prediction: the plot thickens for SHIB appeared first on Invezz


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