Shiba Inu Activity Declines by 74% by the End of May 2025: What’s Happening?

Jakarta, Pintu News – According to on-chain data from IntoTheBlock, Shiba Inu’s large transaction volume saw a drastic 74% drop in the last five days, from 5.76 trillion SHIB on May 20 to only 1.47 trillion SHIB on May 25.

Causes of Decreased Large Transaction Activity

Large transaction volumes usually indicate activity from whales or large holders making purchases or sales. The exact reason for this decline is not yet known, but several possibilities can be explained. The whales may be taking a break, waiting for clearer signals from the crypto market in general before jumping back into the market.

Lower whale activity does not necessarily indicate bearish sentiment. It could signal a quiet accumulation phase or a pause after a period of distribution. This may be the case, given that the price of Shiba Inu is consolidating between $0.00001388 and $0.00001670 after reaching a peak of $0.00001764 on May 12, following an earlier spike in the same month.

Also Read: Crazy Transaction! 11.75 Trillion PEPE Changed Hands in 24 Hours, What Happened?

Price Consolidation and Market Reaction

Shiba Inu is still broadly consolidated between its 50- and 200-day moving averages, which are $0.0000135 and $0.0000181, respectively. Currently, Shiba Inu is rebounding along with the rest of the crypto market, up 1.2% in the last 24 hours to $0.0000144.

The daily Relative Strength Index (RSI) has flattened out at the mid-level of 50, raising the possibility of consolidation or trading within a range in the coming days. This suggests that despite the drop in major transaction activity, the market may still be in an adjustment phase.

Shiba Inu Holder’s Long-term Commitment

Despite market volatility, long-term Shiba Inu holders remain committed. Blockchain data shows that nearly 1.13 million addresses have held SHIB tokens for over a year. This indicates a high level of loyalty among investors.

According to IntoTheBlock’s on-chain analytics, around 78% of SHIB holders have held onto their tokens for more than a year. This is a clear sign of long-term commitment to this dog-inspired asset, which is often dominated by short-term speculation and quick profit-taking.

Conclusion

The decline in major transaction activity in Shiba Inu may raise questions in the minds of many investors, but the strong long-term commitment of most of its holders shows confidence in its future value. With the ever-changing market dynamics, only time will tell the next direction for Shiba Inu.

Also Read: Monero (XMR) Surprises Market with Spectacular Rise in May 2025, How Come?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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 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.

Reference

• U.Today. Shiba Inu Sees 74% On-Chain Activity Crash: What’s Going On. Accessed on May 27, 2025
• Featured Image: Generated by AI