June 18 (Cointime) - Shiba Inu's market capitalization has decreased by approximately $1 billion in the past month, with the value of its SHIB token falling by over 20%.

Shiba Inu (SHIB) has experienced a 10% drop in price, causing concern among investors who are moving away from memecoins and altcoins due to market volatility. The decline in demand for SHIB is evident in the decrease in new wallet addresses created on the Shiba Inu Network Growth since June 11. Additionally, the rising Network Valuation to Transaction Volumes ratio suggests that SHIB may be overvalued, leading to further price retracement. Over 90% of SHIB holders are currently in a net-loss position, and the price is expected to decline to $0.000005 unless it rises above $0.000007 and breaks through significant resistance.

June 15 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. SHIB has retested 2021 lows, but short-term selling pressure has eased. Meme-coins like SHIB and PEPE have lost their allure due to macro headwinds in Q2.

June 15 (Cointime) - According to data from IntoTheBlock, 91% of Shiba Inu (SHIB) holders are currently experiencing losses on their positions. The blockchain data shows that only 7% of SHIB holders are making profits at the current price, while 2% are breaking even.

The largest holder of Shiba Inu, known as "0x40B3," has accumulated an additional 1.5 trillion SHIB tokens from Binance and Coinbase, according to Lookonchain. This comes as whales and investors have been accumulating SHIB following the recent crypto market crash, causing the price to rise over 3% in the past 24 hours.

A top Shiba Inu whale has added $10 million worth of SHIB to their portfolio in a single transaction, bringing their total balance to 5.28 trillion SHIB valued at $35 million. The whale has been active since May 16 and has transferred a total of 20 trillion SHIB, worth $176.8 million, to a mysterious wallet through four separate transactions.

According to Lookonchain monitoring, the largest holder of SHIB has increased holdings of 1.5 trillion SHIB (approximately US$10 million) through Binance and Coinbase. This holder is the largest SHIB holder on the chain other than the exchange address. Addresses starting with 0x40B3 currently hold 5.3 trillion SHIBs (approximately $35.5 million), and previously transferred 200 trillion SHIBs (approximately $134.4 million) to addresses starting with 0x73AF on May 16.

Shiba Inu (SHIB) experienced a price drop of over 24% in the past week, along with many other altcoins. Despite this, SHIB's Shibarium platform achieved a new milestone with over 20 million transactions. Daily transactions on Shibarium have been increasing since May 2023, and the number of wallet addresses and blocks created have also risen. While SHIB's price decline has led to a decrease in its popularity and negative sentiment, there are some bullish signals such as an oversold RSI and low net deposits on exchanges.

A large amount of Shiba Inu (SHIB) tokens worth $31.7 million were moved from Shiba Staking to Binance by an unknown crypto whale as the memecoin experienced a dip. The value of SHIB was $0.00000792 during the transaction, which was lower than its seven-day high of $0.00000872. According to IntoTheBlock, 89% of SHIB holders are currently experiencing losses. Shibarium, a new layer-2 project built on top of Ethereum, is gaining popularity as more users experiment with its testnet and currently has 16.7 million wallet addresses using it.

Robinhood, the American trading platform, has announced that it will delist Cardano, Solana, and Polygon from its platform by June 27, 2023. However, Shiba Inu (SHIB), the popular canine-themed cryptocurrency, will remain unaffected by this decision. The burn rate of SHIB tokens has increased significantly, potentially contributing to increased scarcity and value. The delisting decision may have been influenced by recent lawsuits involving major exchanges like Binance and Coinbase initiated by the United States Securities and Exchange Commission (SEC).

Shiba Inu's price has dropped significantly since mid-February and has cleared all gains made in 2023. The futures market is slightly bearish and SHIB is firmly bearish with a downtrend momentum on the daily chart.

Over 1,200 Shiba Inu (SHIB) addresses now hold at least $1 million worth of the asset, despite recent market downturns. However, SHIB's value has dropped below $0.000008 for four consecutive days, causing a significant depreciation in the value of SHIB held by investors. The number of addresses holding SHIB worth between $1 million and $10 million has decreased to 1.15K, while only 57 addresses hold SHIB worth $10 million or more.

LucieSHIB, an official of the Shiba ecosystem, has provided updates on the upcoming developments for Shiba Inu. She expects the rocket pond reveal for the Shiba Inu metaverse to happen soon. Lucie also mentioned that extensive work is being done on Shibarium beta, "Puppynet." She predicts positive price action for SHIB and hints at a dream coming true for Shiba Inu, without providing further details. The Shiba Inu community eagerly awaits any big announcements that may come in the near future.

The launch of Shibarium mainnet is expected to happen in June, which could lead to a positive reaction in the price of Shiba Inu. The Shiba Inu community is discussing the future and long-term growth of the network, with many anticipating a boost in performance. While the launch date is uncertain, rumors suggest it could be sooner than later. A popular Shiba Inu influencer has shared a message indicating that the launch is approaching and could happen between now and August. The benefits of Shibarium mainnet could include a rise in demand for Shiba Inu, potentially leading to an increase in price value over time. As of now, Shiba Inu is making a slow recovery with gains in the past 24 hours and 7 days. 

Shiba Inu has achieved several milestones, including the addition of thousands of new addresses and reaching approximately 14 million people. The network has seen unprecedented expansion with over 2,500 new SHIB addresses onboarded in one day. The number of long-term holders has also reached an all-time high, with 70% of SHIB holders holding their tokens for over a year. The launch of Shibarium is expected soon, with beta testing already showing impressive results. Despite a recent price decline, the growth in long-term holders indicates continued belief in the token.

Gate.io, a popular crypto exchange platform, holds trillions of Shiba Inu (SHIB) tokens valued at approximately $52 million. This comes amid rumors of the exchange's financial instability, which has raised concerns among its users and the broader crypto community. Gate.io's significant holdings of SHIB have also raised questions about the potential impact on the token's value. Other leading exchanges, such as Binance and Crypto.com, also hold substantial amounts of SHIB due to the sheer magnitude of Shiba Inu investors on their platforms.

Shiba Inu's native Decentralized Exchange (DEX), ShibaSwap, has experienced a significant decrease in its Total Value Locked (TVL) from $1.75 billion to $25.16 million, indicating a lack of interest from investors. This has led to a decrease in revenue and fees generated, as well as speculation about a liquidity squeeze. On-chain data shows that while retail investors are increasing their SHIB token holdings, larger holders are cutting their balances, possibly due to profit-taking and a lack of confidence in SHIB's future performance. Additionally, SHIB's trading volume has been consistently low, and there has been frequent movement of long-term held tokens, possibly indicating a shift in investor sentiment.

Shiba Inu's performance in May 2023 was lackluster, but on-chain data suggests that the cryptocurrency has been attracting new demand in recent weeks. This is a positive development after Shiba Inu lost market share to other meme coins in early May. The recent launch of Shiba Inu's cold wallet has rejuvenated the network's growth, which could impact the price in the coming days. The increase in new users joining the network and the supply shortage could trigger more price gains, with bulls targeting $0.000011. However, the price could slip into a bearish trend if it drops below the $0.000008 support zone.

Koyo Token has burned almost 152 million SHIB in a single transaction, contributing to a total of 182.52 million SHIB burned in the past 24 hours. This follows a two-month pause in burning activities by Koyo, which had previously permanently removed 1.49 billion SHIB from circulation in April. The Shiba Inu Community has burned a total of 182.52 million SHIB through two separate transactions in the past 24 hours, representing a significant increase in the overall burn rate compared to the previous day.

Shytoshi Kusama, the leader of the Shiba Inu project, has requested direct communication with Hotbit before the exchange shuts down its centralized exchange operations. Kusama aims to explore potential collaboration and address concerns to ensure a smooth transition for SHIB holders using the HotBit platform. This move comes after speculation about a positive update for the SHIB community following Kusama's trip to Japan. Kusama's outreach demonstrates his commitment to prioritizing the interests of SHIB token holders and facilitating a smooth transition for those needing to withdraw their tokens from Hotbit before the June deadline.