Trillions of Shiba Inu (SHIB) Transactions in 24 Hours: What’s the Impact?

Updated

June 11, 2025

Gambar Trillions of Shiba Inu (SHIB) Transactions in 24 Hours: What’s the Impact?

Jakarta, Pintu News – On June 9, approximately 3.87 trillion Shiba Inu , or about $50 million, changed hands in a 24-hour window. This huge movement raises questions about what it means for the future of Shiba Inu’s price and investor psychology.

Analysis of Shiba Inu (SHIB) Price Movement

Shiba Inu has been in a consolidation phase, with strong support around $0.00001200 Tether and tight resistance around $0.00001418 USDT (50 EMA) and $0.00001392 USDT (100 EMA).

After briefly bouncing off support in early June, SHIB had a hard time getting back above the moving average, creating a not-so-deep lower-high pattern. This suggests that there is uncertainty in the market that could affect the next price trend.

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The Role of Large Holders and Market Psychology

Pintu Market

As much as 74% of SHIB’s supply is controlled by large holders, who make frequent transfers in the trillions of tokens. This suggests a possible strategic repositioning, be it profit-taking or moving assets to other opportunities.

With 58% of addresses currently experiencing losses and only 38% experiencing profits, a large portion of the community may be ready to sell if prices continue to decline. This could trigger more selling pressure if there is no positive change in the near future.

Market Indicators and Transaction Volume

The volume of large transactions over the past seven days reached $860 million, indicating a large outflow of funds that could be indicative of aggressive selling. Meanwhile, membership in the Shiba Inu Telegram group fell by 0.28% in the past week, indicating a lack of engagement from retail investors. These two indicators provide a cautious picture of current market dynamics and potential future price movements.

Conclusion

With the dominance of large holders and high volatility, the future of Shiba Inu price remains uncertain. Investors and market watchers should pay close attention to volume indicators and on-chain activity to gain a better understanding of the direction SHIB price may take. Readiness to deal with sharp price fluctuations will be key in navigating this market.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.