Shiba Inu trades at $0.00000456 on June 24, sitting at its lowest level since June 6 after roughly 800 billion $SHIB flowed into exchanges in a single 24-hour window with no specific catalyst behind the move, a shift large enough to reverse weeks of declining exchange supply in one session.
$SHIB Daily Chart: Price Sits Below Every FVG With No Reclaimed Structure
The daily chart shows $SHIB locked in a clean downtrend since the May peak near $0.0000066, with three separate Fair Value Gap zones forming above current price as the decline accelerated. All four EMAs sit overhead in bearish order: 20 at $0.00000485, 50 at $0.00000523, 100 at $0.00000568, and 200 at $0.00000670.
Price is now testing support just above $0.0000044, the same zone that capped the early June low. None of the FVGs above have been retested, meaning every bounce since May has failed before reaching previous breakdown levels. A daily close back above $0.00000485 would be the first sign sellers are losing control.
- Resistance: $0.00000485 (20 EMA), $0.00000493 (0.5 Fib)
- Support: $0.00000453 (session low), $0.00000440 (June low)
800 Billion $SHIB Hit Exchanges Overnight With No Clear Reason
$SHIB exchange supply had been grinding toward all-time lows, bottoming at 79.784 trillion tokens just before this move. Within 24 hours, that figure jumped to 80.540 trillion, an inflow of roughly 800 billion $SHIB. The shift happened alongside no major $SHIB-specific announcement. The only loosely connected event overnight was a roughly 10% drop in the Korean stock market, though oil continued falling and the Strait of Hormuz reopening eased broader macro tension rather than adding to it.
The most likely explanation is a single large holder capitulating, selling a sizable position and exiting entirely rather than coordinated distribution across multiple wallets. This kind of single-actor capitulation is uncommon and, combined with leveraged liquidations across the broader crypto market, contributed directly to the fresh multi-week low in price.
Importantly, the burn wallet holding roughly 400 trillion $SHIB remains untouched, as it has no accessible keys. Claims circulating about a “trillionaire whale” dumping 600 billion tokens from a 103 trillion $SHIB position do not match verifiable on-chain wallet data, where the largest addresses outside exchanges and the burn wallet do not hold anywhere near that scale.
Burn Activity Spiked 56% in 24 Hours but the Weekly Trend Is Still Falling
The 24-hour burn chart shows tokens destroyed up 56.13% over the past day.
The 7-day view tells a different story, down 21.77% overall, with activity peaking near 12.5 million tokens on June 18 before sliding through most of the week. Today’s spike is a bounce off a low base, not a reversal of the broader weekly decline.
$SHIB Derivatives: Longs Are Taking Nearly All the Pain
Volume rose 1.91% to $64.52M while open interest jumped 17.90% to $30.94M, with OI rising faster than volume suggesting fresh leveraged positions are building even as price falls. The long/short ratio of 1.0263 is roughly neutral, but liquidation data tells a sharper story.
Over 24 hours, $128.31K in long positions were liquidated against just $12.87K in shorts, meaning longs absorbed roughly ten times more pain. That imbalance reflects traders repeatedly trying to call a bottom on this decline and getting stopped out as price kept grinding lower.
Shiba Inu Price Prediction for June 25, 2026
- Upside: A hold above $0.00000453 and a reclaim of $0.00000485 would signal the capitulation flush is complete, opening a path back toward $0.00000523. Continued holder growth and a resumption of declining exchange supply would support that case.
- Downside: A daily close below $0.00000440 breaks the June low entirely and exposes a move toward $0.00000420 with no nearby support to reference. If the 800B $SHIB sitting on exchanges gets sold rather than redistributed, this remains the more likely near-term path.
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