Shiba Inu Takes a Tumble—But Don’t Count the Meme Coin Out Yet

Another dip for Shiba Inu? Sure—but this dog still has bite. While the price slides, on-chain metrics reveal a stubborn resilience that’s got traders whispering ‘accumulation.’

Hidden strength: Whale wallets are loading up, transaction volume defies the downtrend, and burn rates spike—classic signs of a coiled spring. Meanwhile, Bitcoin maxis scoff. ‘A dog with fleas,’ they mutter, before checking their own portfolios.

Cynical jab: If Wall Street can pump garbage stocks for decades, why can’t crypto have its meme-fueled underdog? The charts suggest this Shiba isn’t ready to roll over just yet.

Whale Moves Signal Long-Term Strength in Shiba Inu Price

One of the clearest signals of institutional or high-net-worth investor interest lies in large transaction volume — and SHIB is seeing plenty. Data from IntoTheBlock shows an impressive $29.54 million in large transaction volume, making up 57.34% of total volume. 

In the last 24 hours, whales moved 2.11 trillion SHIB, with a 7-day peak hitting 2.98 trillion SHIB on May 23. While to some these seemed like casual trades — they’re likely strategic reallocations, accumulation during a dip, or preparations for participation in DeFi protocols within the shiba inu ecosystem. 

While the intent isn’t clear it reflects that major holders are still very much in the game.

Shiba Inu Price Action Backed by Daily Activity and Resilient Holders

While whales make waves, the ShibArmy’s daily engagement continues to shine. The network has recorded 3,160 daily active addresses, reflecting a 4.74% increase — a sign that despite price volatility, users are transacting, building, and engaging.

This daily interaction is an evidence of a living, breathing ecosystem, one that isn’t solely driven by HYPE but by real usage and community participation.

Holder Resilience: Nearly $723M Still in Profit

A deeper dive into holder metrics shows remarkable durability. Roughly 41.36% of SHIB-holding addresses, or about 594,900 wallets, are still ‘in the money’, having acquired their tokens at a lower average price than current levels.

These profitable wallets collectively hold 54.36 trillion SHIB, worth around $722.8 million — roughly 5.52% of SHIB’s circulating supply. These long-term holders are less likely to panic sell, often acting as a stabilizing force when sentiment weakens.

Strong Foundations Beneath the Volatility

While the market may fixate on short-term price movement, Shiba Inu’s on-chain reality suggests a stronger, more strategic phase unfolding quietly. Between whale-level accumulation and a community that refuses to slow down, the Shiba Inu ecosystem continues to evolve — and build.

As the Shiba Inu team gears up for future milestones, from Shibarium expansions to the anticipated future developments, the current lull could very well be the calm before another surge.

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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.