Shiba Inu Faces Heavy Selling Despite Whale Buying

Shiba Inu (SHIB), the second largest memecoin in terms of market capitalization, is currently experiencing very strong turbulence that call into question its technical structure and shake traders during this first half of the year. While the asset has just recorded its worst monthly underperformance since January, this situation draws the industry’s attention as it embodies an intense tug of war between an apparent graphical capitulation and discreet accumulation signals.

The collapse of Shiba Inu’s major supports

This June is particularly critical for the Shiba Inu price, with indicators confirming its heaviest correction of the year. Several factual elements of this deterioration are revealed by market data :

• The token fell to a 5-year low at $0.00000404, matching levels seen before the May 2021 rally ;
• The structure fits into a heavy trend as SHIB collapsed more than 38 % this year alone, after recording a massive loss of 67% last year ;
• The cumulative decline in June exceeded 15 %, threatening to validate the biggest monthly drop since December 2025.

On a macroeconomic level, this fall was sharpened by systematic rejection of the price at technical barriers, reflecting sellers’ dominance on the order book. Data shows the memecoin suffered a resounding failure when it tried to “retest a key supply zone at $0.00000520”. This failure triggered a massive retreat during which, over a ten-day period from June 16 to 25, the token “experienced nine consecutive intraday losses”.

Momentum indicators corroborate this technical distress, with the Relative Strength Index (RSI) showing a marked bearish divergence. Thus, prices tried to stabilize while the RSI plunged to new lows. Experts keep an eye on the $0.00000457 level as the first short-term barrier before a possible slide to lower extensions.

The institutional resilience of whales

Beyond the visible price degradation, capital flows in derivative markets and on-chain movements reveal a very different dynamic, without widespread panic. While small holders are affected by the decline, the Futures market shows particular caution, with massive position closures rather than a cascade of forced liquidations.

On a weekly basis, “futures inflows amount to $28.6 million against outflows of $31.9 million”, reflecting this defensive behavior. This slowdown in speculative activity paradoxically coincides with a drying up of selling volumes during market troughs, indicating that selling pressure is fading as the token approaches its historical support zones.

Such absence of capitulation is confirmed by the attitude of large wallets who take advantage of this annual decline to quietly buy tokens. CryptoQuant on-chain metrics indicate that “big investors withdrew more than 443 billion SHIB from exchanges” even while the asset reached local lows.

This massive withdrawal mechanically reduces the immediately liquid supply available for sale on exchanges, acting as a potential stabilizer against the price drop. While the base activity of the Shibarium secondary network shows brief slowdowns, the maintenance of the overall exchange reserves around 80,000 billion tokens shows that large holding structures refuse to liquidate at a loss.

Seasonal perspectives and fundamental balance for the second half of the year

Given the contrasting nature of these data, the medium-term future of Shiba Inu will depend on its ability to make this whale accumulation zone a solid macroeconomic floor in case of a significant correction.

Analysts believe its speculative nature (in which it is currently wavering) could be mitigated by successive integrations into regulated finance vehicles and by the sustainability of its decentralized ecosystem.

The ongoing cleanup of the derivatives market is clearing excess leverage from the order book, allowing a healthier reconstruction of price structures approaching the end of the second quarter. This stability remains crucial to reassure the developer community who continue to build the token valuation infrastructure.