Shiba Inu Price Falters as Whale Activity Sends Billions of Tokens to Market

Shiba Inu Price Stalls Amid Massive Token Inflows and Market Uncertainty

Between May 29 and May 30, 2025, Shiba Inu (SHIB) traded within a narrow corridor, fluctuating from $0.0000132 to $0.0000145 as investors weighed the impact of a large influx of tokens on exchanges.

Technical data from CoinDesk Research reveals a firm support level near $0.000013285, which helped the price rebound several times throughout the period. However, resistance around $0.0000145 capped gains and prevented a decisive breakout.

As the trading day closed on May 30, SHIB hovered around $0.00001339 with declining volume, indicating hesitation among traders about the next directional move.

The broader market uncertainty, fueled by rising geopolitical tensions and shifting trade policies, contributed to volatility across crypto assets, including SHIB.

Additionally, more than 2 trillion SHIB tokens entering exchange wallets signaled heightened selling pressure, amplifying bearish sentiment. The emergence of a descending triangle pattern further hints at potential downward momentum.

Despite gains seen in some other cryptocurrencies, Shiba Inu’s price remains range-bound, reflecting cautious market sentiment as supply pressures mount.

Key Technical Points:

• Price swung between $0.000013252 and $0.000014508, showing roughly 8% intraday volatility.
• Strong support at $0.000013285 prevented deeper declines.
• Resistance near $0.0000145 capped upward moves.
• Reduced trading volume suggests limited conviction from buyers or sellers.