Shiba Inu (SHIB) Price: Retail Investors Fill Void Left by Whale Exodus

TLDR

SHIB wallet holders reached 1.5 million, representing 0.011% of world population Whale transactions dropped 91.5% from 24.3 trillion to 2.06 trillion SHIB in four days SHIB price gained 1.75% to $0.00001292 despite reduced whale activity Technical indicators show potential bullish reversal with RSI at 42.17 Price could retest resistance levels at $0.00001340 and $0.00001975

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Shiba Inu has reached a new milestone with 1.5 million wallet holders while experiencing a major drop in whale activity. The meme coin’s growing user base contrasts with the recent 91% decline in large transactions.

Shiba Inu (SHIB) Price

According to marketing lead Lucie, 1,511,101 wallets now hold SHIB tokens. This represents approximately 0.011% of the global population. The milestone reflects continued adoption despite recent price weakness.

🚨 SHIB HOLDERS HIT NEW ATH! 🚨
1,511,101 wallets now hold $SHIB — that’s 0.011% of global population.

The army is growing. The mission is alive. 🔥 pic.twitter.com/DNI9LhgpCt

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 9, 2025

However, whale activity tells a different story. Large transactions worth over $100,000 plummeted from 24.3 trillion SHIB on June 5 to just 2.06 trillion SHIB yesterday. This represents a 91.5% drop in just four days.

The timing of this whale exodus coincides with broader crypto market recovery. While Bitcoin and other cryptocurrencies show signs of improvement, SHIB’s largest investors appear to be stepping back.

Despite reduced whale participation, SHIB’s price has held steady. The token climbed from $0.00001235 to peak at $0.00001273 yesterday. Currently trading at $0.00001292, SHIB posted a 1.75% gain over 24 hours.

Technical Analysis Shows Mixed Signals

Technical indicators present a mixed picture for SHIB. The Simple Moving Average hovers close to the price chart, suggesting potential for a positive crossover this week.

Source: TradingView

The Relative Strength Index has moved above oversold territory to 42.17, indicating neutral momentum. This represents a bullish reversal from previous lows and suggests increasing buying pressure.

Trading volume patterns show retail investors may be filling the gap left by whale withdrawals. The disconnect between whale behavior and price action creates an unusual market dynamic.

Price Targets and Support Levels

SHIB could retest immediate resistance levels at $0.00001340 and $0.00001975. A sustained rally might push the token toward its February high of $0.00002250.

Optimistic scenarios could see SHIB reach $0.00002575 if adoption increases rapidly. However, crucial support remains at $0.00001065, a key level for the second-largest meme coin.

The growing wallet count provides fundamental support for future price movements. Each new holder represents potential buying pressure and network growth.

Market sentiment remains cautious given the whale withdrawal. Large investors typically drive major price movements in meme coins like SHIB.

Current price action suggests retail investors are maintaining demand despite institutional hesitation. This creates questions about the sustainability of recent gains.

The 1.5 million wallet milestone demonstrates SHIB’s continued relevance in the meme coin space. User growth often precedes price appreciation in cryptocurrency markets.

SHIB’s ability to maintain price levels without whale support indicates strong retail interest. However, major rallies typically require institutional participation.

At current levels, SHIB trades at $0.00001268 with technical indicators showing potential for upward movement in the coming days.

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