Shiba Inu (SHIB) has seen a 4.5% decline over the past week, dipping to $0.00001273 with a market cap of $7.5 billion. Despite this short-term dip, sentiment around the memecoin remains cautiously optimistic. Behind the scenes, significant on-chain movements and network activity suggest growing interest—even as broader market trends apply downward pressure.
Whale Activity Sparks Market Speculation
A dormant whale wallet, inactive for three years, recently reemerged, sending shockwaves through the Shiba Inu community. According to Lookonchain, wallet address 0x6E45 transferred 100.45 billion SHIB—worth approximately $1.21 million—to Binance. This move marked the first activity from the wallet since 2021, and the transaction netted a profit of $311,000.
While this is a notable gain, it pales in comparison to what could have been. At Shiba Inu’s all-time high, the same position would have yielded over $2.7 million in profits. Still, the fact that a long-dormant holder chose to liquidate now raises questions: Is this profit-taking ahead of a potential rally? Or a sign of waning confidence?
👉 Discover how whale movements can signal market shifts before they happen.
Such whale transactions often act as psychological triggers in crypto markets. When large holders move significant volumes, it can influence trader behavior—either triggering fear-driven sell-offs or sparking FOMO (fear of missing out) if interpreted as strategic positioning.
On-Chain Metrics Show Growing Network Vitality
Despite the price dip, Shiba Inu’s underlying network activity is heating up. Data from IntoTheBlock reveals a 58.3% surge in large transaction volume and a 2.4% increase in daily active addresses within just 24 hours. Transactions exceeding $100,000 jumped from 56 to 522 in the same period—indicating heightened institutional or high-net-worth participation.
Meanwhile, Shibarium, Shiba Inu’s Layer-2 blockchain, is experiencing explosive growth. Daily transactions climbed from 631,800 to 710,000 in one day. More strikingly, new account creation skyrocketed from just 86 on June 5 to 1,024 by June 6—a more than 1,000% increase in 24 hours.
These metrics suggest strong organic engagement, even during price consolidation. A growing user base and increased transaction volume are positive signs for long-term sustainability, especially for a project often criticized as purely speculative.
Major Exchange Inflows Fuel Market Theories
Whale Alert flagged another significant movement: a transfer of 3.6 trillion SHIB to Coinbase Institutional. Such large inflows to centralized exchanges often precede price volatility—they can signal upcoming sell pressure or strategic positioning by major players.
However, context matters. While inflows may suggest selling intentions, they can also indicate preparation for staking, lending, or derivatives trading. Given Coinbase Institutional's clientele—often hedge funds and institutional traders—this move could reflect structured investment strategies rather than panic selling.
Market analysts remain divided. Some interpret the inflow as bearish, fearing a dump could be imminent. Others argue it's part of a broader accumulation strategy ahead of potential ecosystem upgrades or macroeconomic catalysts.
Price Prediction: Can SHIB Reach $0.000224 by 2030?
Despite short-term volatility, long-term forecasts remain bullish under certain conditions. Analysts at TheCryptoBasic project that if Shiba Inu achieves an average monthly growth rate of 5%, it could reach $0.000224 by June 2030.
That would represent a staggering 1,766% increase from its current price of $0.00001270 and push SHIB’s market cap to approximately $132 billion—assuming no major supply changes.
Platforms like Telegaon and Changelly echo similar projections between 2025 and 2031, though all emphasize a critical caveat: consistent monthly growth of this magnitude is rare in the highly volatile cryptocurrency space.
Historically, most altcoins experience explosive rallies followed by extended consolidation periods. For SHIB to maintain a steady 5% monthly climb, it would need sustained adoption, ecosystem development, and favorable macro conditions—none of which are guaranteed.
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Why Is Shiba Inu Going Down This Week?
Several factors likely contributed to the recent 4.5% weekly decline:
- Broader market correction: Bitcoin and Ethereum both saw slight pullbacks, dragging sentiment across altcoins.
- Profit-taking after whale moves: The reactivation of dormant wallets may have triggered short-term selling pressure.
- Exchange inflows: The 3.6 trillion SHIB transfer to Coinbase raised concerns about potential selling.
- Lack of major news: Without new ecosystem updates or partnerships, momentum stalled.
However, price dips don’t always reflect fundamentals. In this case, on-chain activity suggests underlying strength even as the chart trends downward.
FAQs: Understanding Shiba Inu’s Current Movement
Q: Why did the Shiba Inu price drop this week?
A: The 4.5% decline is likely due to profit-taking following whale activity, exchange inflows, and broader market corrections—not fundamental weaknesses in the project.
Q: Is the whale selling a bad sign for SHIB?
A: Not necessarily. The whale made a healthy profit after holding for three years. Long-term holders cashing out isn’t uncommon and doesn’t always signal a bearish trend.
Q: What does the surge in Shibarium activity mean?
A: Increased transactions and new accounts on Shibarium indicate growing adoption of Shiba Inu’s Layer-2 network, which supports long-term utility and scalability.
Q: Can Shiba Inu really reach $0.000224?
A: It’s possible under ideal conditions—like consistent 5% monthly growth—but such steady appreciation is rare in crypto. Realistic targets depend on adoption, market cycles, and ecosystem development.
Q: Should I buy SHIB during this dip?
A: Only after thorough research. While metrics are improving, SHIB remains highly speculative. Consider your risk tolerance and investment goals before entering.
Q: How does SHIB compare to other meme coins like Dogecoin and Pepe?
A: Dogecoin (down 9.6% weekly) and Pepe (down 11.4%) are facing steeper declines than SHIB, suggesting relatively stronger resilience in Shiba Inu’s price action despite similar market pressures.
Final Thoughts: Volatility Meets Potential
Shiba Inu’s weekly slide reflects typical crypto market behavior—short-term price movements often diverge from long-term fundamentals. While the token is down 4.5%, the surge in on-chain activity, whale re-engagement, and Layer-2 growth paint a more nuanced picture.
For investors, the key takeaway is this: price is just one metric. Network usage, transaction volume, and ecosystem development matter just as much—if not more—over time.
Whether SHIB reaches $0.000224 by 2030 depends on sustained momentum, real-world adoption, and macroeconomic tailwinds. But one thing is clear: despite the dip, Shiba Inu is far from fading into obscurity.
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