Shiba Inu (SHIB) dropped over 4.5% in the last 24 hours to a key support level, triggered by a massive whale sell-off.
Shiba Inu SHIB $0.000014 24h volatility: 4.6% Market cap: $8.51 B Vol. 24h: $355.20 M , one of the top meme coins, has slipped to a crucial support zone of $0.000012 after losing over 4.5% in the past 24 hours.
This price drop comes as a major SHIB whale cashed out its holdings after three years of dormancy. Lookonchain reports that wallet 0x6E45 transferred 100.45 billion SHIB worth around $1.21 million to Binance.
Whale 0x6E45 deposited 100.45B $SHIB($1.21M) into #Binance 6 hours ago after being dormant for 3 years, making a profit of ~$311K(the profit exceeded $2.7M at the peak).https://t.co/CmYdXUqAbf pic.twitter.com/JzfYWqdPCa
— Lookonchain (@lookonchain) June 6, 2025
The whale made a realized profit of around $311,000 on this sale. Notably, its unrealized gains once peaked above $2.7 million.
The sharp decline comes amid a broader market downturn, which saw meme coins collectively shedding 5.5% from their total market value in the past day. SHIB’s market cap alone fell by more than $300 million during the same period.
SHIB Price Outlook
Despite the recent crypto market rally, which saw Bitcoin touch a new all-time high of $112,000, SHIB has lagged in performance. Data from CoinMarketCap reveals that SHIB is down around 5% over the past month and a staggering 51% over the past year.
On the daily chart, SHIB is currently hugging the lower Bollinger Band, suggesting oversold conditions and the possibility of a short-term bounce. However, the bands are still widening slightly, signaling continued volatility.
SHIB price chart with RSI and Bollinger Bands | Source: TradingView
The RSI is sitting at 36.6, also confirming SHIB to be nearing oversold territory. A further drop in RSI reading would strongly suggest a reversal, but until then, the trend remains vulnerable to further downside.
A breakdown below the $0.000012 support level could lead to $0.0000105 or even $0.000009. Popular crypto trader Crypto Chiefs stated that if SHIB holds above this level and sees a medium-term reversal, the immediate liquidity target will be $0.000016.
$SHIB in a must hold zone here.
If we hold & see a medium term reversal, I will be using these red lines as liquidity level targets. pic.twitter.com/QAoUIoCTaf
— Crypto Chiefs (@cryptochiefss) June 5, 2025
Meanwhile, the MACD indicator shows a bearish crossover with the MACD line slightly below the signal line. The histogram bars are growing red, suggesting a continuation of the current downtrend unless strong bullish volume enters the market.
SHIB price chart with MACD | Source: TradingView
🔥Subbd: Revolutionizing Content Subscriptions with AI
While SHIB continues to test investor sentiment, a next-gen Web3 project, Subb,d is drawing investor interest. Subbd aims to transform the $85 billion content economy by offering an AI-powered, tokenized platform for creators and their audiences.
Through its Web3 integration, Subbd provides creators with automation tools to simplify content delivery, while fans gain exclusive, interactive access.
✅$SUBBD Tokenomics and Presale
The project’s native token, SUBBD, is an Ethereum-based cryptocurrency that powers the platform by providing premium content, staking rewards, and AI-driven utilities.
SUBBD holders can stake tokens to unlock benefits such as behind-the-scenes content, private livestreams, and premium drops. The platform has successfully raised $465,670, and the token’s price is set to increase in just a few hours.
Presale Snapshot:
- Current price: $0.0556
- Amount raised: $615,367
- Ticker: SUBBD
- Blockchain: Ethereum
With only two days remaining before the next price increase, Subbd is a project worth monitoring, particularly for those interested in AI-led innovations.
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