On May 30, 2025, Shiba Inu (SHIB) experienced significant price volatility, influenced by increased whale activity and a notable decline in its burn rate. The token’s price fluctuated between $0.0000134 and $0.0000145, reflecting a 7.37% decrease over the past 24 hours. This movement has raised concerns among investors about the token’s short-term stability.
Recent data indicates that approximately 2 trillion SHIB tokens have been transferred to exchanges, suggesting potential sell-offs by large holders. Such substantial movements can exert downward pressure on the token’s price, as increased supply meets existing demand. Simultaneously, the SHIB burn rate has decreased by 85%, with only 2.14 million tokens burned recently. This reduction in token burning slows the decrease of SHIB’s circulating supply, potentially impacting its deflationary appeal.
Technical analysis reveals that SHIB is approaching a critical support level at $0.000013. A breach below this threshold could lead to a further decline, potentially reaching the 1.618 Fibonacci level at $0.0000058, erasing gains made in 2024. Conversely, if the token rebounds from this support, it may target the upper resistance around $0.00002, representing a potential 35% increase.
The Shiba Inu community remains vigilant, closely monitoring these developments. While the token’s long-term prospects are tied to broader market trends and ecosystem developments, current indicators suggest a period of heightened volatility. Investors are advised to stay informed and exercise caution during this uncertain phase.
