Shiba Inu Slides 4.5% On The Week: Why Is It Going Down?

Shiba Inu SHIB/USD is down 4.5% on the week but continues to attract optimism from traders and analysts, especially after a dormant whale reappeared after three years.

According to Lookonchain, wallet address 0x6E45 transferred 100.45 billion SHIB (worth $1.21 million) to Binance after three years of inactivity. The whale netted a $311,000 profit, though at SHIB's all-time high, the same position could've delivered over $2.7 million in gains.

Trader Notes: Analysts at TheCryptoBasic suggest SHIB could reach $0.000224 by June 2030 if it manages a 5% average monthly growth—a 1,766% surge from its current price of $0.00001270.

That would push SHIB's market cap to around $132 billion, assuming no major supply dilution or pullbacks.

Other platforms like Telegaon, Changelly, and several crypto analysts also forecast a similar target between 2025 and 2031, though all emphasize that such consistent growth is rare in the volatile crypto space.

Statistics: Whale Alert flagged a massive 3.6 trillion SHIB transfer to Coinbase Institutional, fueling speculation about potential strategic moves or sentiment shifts.

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IntoTheBlock data shows Shiba Inu large transaction volume and daily active addresses expanded by 58.3% and 2.4% respectively in a single day.

Transactions greater than $100,000 are up from 56 to 522.

Shibariumscan data shows daily transactions up to 710,000 from from 631,800 the prior day.

Shibarium new accounts skyrocketed from 86 as of June 5 to 1,024 as of June 6.

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