Shiba Inu Price Update: June 6, 2025
As of June 6, 2025, Shiba Inu (SHIB) is trading at approximately $0.00001273, reflecting a 6% decline over the past 24 hours. The cryptocurrency experienced an intraday high of $0.00001281 and a low of $0.00001196, indicating significant volatility in the market. This downturn is part of a broader trend affecting major cryptocurrencies, with the global market cap dipping to $3.21 trillion.
Whale Activity and Market Dynamics
A significant factor in today’s price movement is the transfer of 2.87 trillion SHIB tokens, valued at approximately $36 million, by a large holder, often referred to as a “whale.” While such transactions can indicate potential sell-offs, in this case, the transfer was identified as moving assets to market maker custody, not an immediate sale. Nonetheless, such large movements can influence market sentiment and contribute to price volatility.
Historical June Performance
Historically, June has been a challenging month for Shiba Inu. In June 2024, SHIB experienced a 32.3% decline, and similar patterns have been observed in previous years. This historical trend may contribute to current investor caution and market behavior.
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