Whale SHIB Transactions Plunge 84%, Yet Shiba Inu Price Holds Steady!

Updated

June 11, 2025

Gambar Whale SHIB Transactions Plunge 84%, Yet Shiba Inu Price Holds Steady!

Jakarta, Pintu News – On June 10, 2025, Shiba Inu briefly traded in the green with a slight gain of 4%, despite a drastic 84% drop in transactions by whales on the network.

This sharp decline indicates reduced activity from large holders and could indicate a decline in interest.

With whales still not active, what will happen next to the Shiba Inu price? Will it plummet, or will the slow rise continue?

Shiba Inu Prices Remain Stable Amid Decline in Whale Transactions

Data from IntoTheBlock shows a significant drop in the number of large Shiba Inu transactions worth more than $100,000.

On June 5, the transaction reached 24.3 trillion SHIB-the highest figure since January. However, on June 9, that figure plummeted 84% to just 3.83 trillion SHIB in 24 hours.

This drop indicates that whales holding over $100,000 worth of SHIBs are starting to pull back and adopt a wait-and-see attitude after taking profits on June 5. This reflects a lack of trust and confidence in the price movement of Shiba Inu in the short term.

Also, if you look at Shiba Inu’s performance since January, a sharp drop in whale transactions-especially when volatility is low-is often a harbinger of big price moves.

For example, in early January, SHIB’s large transactions dropped from 34.42 trillion to around 2 trillion. After that drop, the price of SHIB slumped 50% from $0.000022 in January to $0.000011 on April 8.

This trend could be an indication that the price of Shiba Inu is facing bearish pressure, despite recent gains. If retail investors also start selling, while there are no large purchases from whales to absorb the selling pressure, then the meme-based crypto asset is at risk of a sharp decline.

Net Flow of Large Holders Turns Negative

Netflows from large holders of Shiba Inu have also turned negative, with the current figure standing at -262 billion SHIB, according to data from IntoTheBlock.

This metric shows the net movement of tokens in and out of the wallets of whales who hold at least 0.1% of the total SHIB supply in circulation.

These negative netflows indicate that large SHIB addresses are selling more than buying, which can have a negative impact on prices.

Moreover, this shift in net flows, along with an 84% drop in large transaction volume, further reinforces the view that the whales are starting to retreat and Shiba Inu prices are facing bearish trend pressure.

What Will Happen Next with SHIB Price?

As long as the whales are still reluctant to re-enter the market and have not shown any interest in re-accumulating, the price of Shiba Inu will likely continue to move sideways – remaining stuck in the $0.000010 to $0.000017 range that has lasted since February.

In addition, recent analysis from CoinGape noted that most traders are currently opening short positions against SHIB, indicating a bearish sentiment.

While this could trigger a potential short squeeze, the risk of losing the crucial support level at $0.0000119 remains. The analysis states:

“If the SHIB closes below this support level, which is also the lower limit of the parallel channel, then it is likely that the price will add one more zero.”

In conclusion, Shiba Inu prices are currently in a fairly risky position. The whale’s 84% drop in transactions in the last four days indicates that large holders are not yet interested in buying back.

Meanwhile, negative net flows indicate that whales are selling more than accumulating-another factor that reinforces the bearish view.

Under these conditions, there is a possibility that SHIB will lose support at $0.0000119 and add one zero to its value.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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