How Do SHIB's On-Chain Metrics Reveal Its Market Dynamics?

Active addresses decline by 5% in last 24 hours

Shiba Inu (SHIB) has experienced a notable decline in network activity over the past 24 hours, with active addresses dropping by approximately 5%. This decrease in user engagement correlates directly with SHIB's price performance, which also saw a nearly 5% reduction during the same timeframe. The token currently trades around $0.00001019, significantly down from its previous position.

The correlation between address activity and price movement can be observed in the following data:

This parallel decline suggests investor sentiment has temporarily cooled toward the popular meme token. Market analysts attribute this downtrend primarily to the broader cryptocurrency market downturn, which has affected multiple assets beyond just SHIB. The influence of this market-wide adjustment is particularly evident when examining Bitcoin's recent performance below its 200-day moving average.

Despite the current dip, historical data indicates SHIB remains well above its all-time low of $0.000000000056366, though substantially below its peak of $0.00008616 reached in October 2021. The Shiba ecosystem continues development efforts through Shibarium, though these initiatives have not yet countered the short-term market pressure facing the token. Traders are closely monitoring whether this represents a temporary correction or signals a more prolonged bearish phase for SHIB.

Transaction volume drops to $203.86 million USD

Shiba Inu's transaction volume has experienced a dramatic decline in 2025, reaching a concerning low of $203.86 million USD. This represents a significant reduction compared to previous performance metrics, as illustrated by historical data:

This consistent downward trend correlates with SHIB's price movement, which has fallen from $0.0000128 in August to the current $0.000010191. Market analysts attribute this decline to waning investor interest and deteriorating market sentiment. The Fear and Greed index currently registers at "Extreme Fear" with a reading of 20, further confirming negative market perception.

The transaction volume drop parallels the coin's holder count decrease, the first such decline in two years. On-chain data reveals large holders have reduced positions by approximately 50%, suggesting diminished confidence among whale investors. These metrics collectively point toward bearish market conditions for SHIB in the immediate future, with technical analysts forecasting potential further drops toward the $0.000006 support level if current volume trends continue through year-end.

Top 100 whale addresses hold 70% of SHIB supply

The concentration of SHIB tokens among whale addresses is significantly higher than commonly perceived. According to recent market data, the top 100 whale addresses control approximately 93% of the total SHIB supply, far exceeding the suggested 70% figure. This extreme concentration presents substantial implications for token price volatility and market stability.

The distribution pattern shows a pyramid-like concentration structure:

This centralization vastly surpasses other major cryptocurrencies. For instance, in August 2025, a single whale transfer of 448 billion SHIB tokens (worth approximately $4.43 million) triggered significant market volatility, demonstrating the outsized influence these accounts wield.

Blockchain tracking service IntoTheBlock further confirms that around 74% of Shiba Inu's 589.5 trillion circulating tokens reside in large whale-like addresses. This concentration level presents a double-edged sword for investors: while whales provide market liquidity, their coordinated movements can dramatically alter SHIB's price trajectory, creating unpredictable market conditions that smaller retail investors must navigate carefully.

On-chain fees trend downward, averaging 1 Gwei

The 2025 landscape for SHIB reveals a significant trend in on-chain activity, with transaction fees consistently trending downward throughout the year. Network data indicates fees have stabilized around an average of 1 Gwei, a substantial improvement from previous years when meme token trading frequently congested the Ethereum network.

This fee reduction coincides with notable price volatility for Shiba Inu. Market data from late October 2025 shows SHIB fluctuating primarily between $0.000013 and $0.000014, with occasional dips toward $0.0000096, a critical support zone.

The decreased network fees reflect broader technological advancements in the Shiba Inu ecosystem, particularly the integration of Chainlink's Cross-Chain Interoperability Protocol into Shibarium. This implementation has improved transaction efficiency while maintaining network security. The reduced gas costs have also encouraged greater participation from retail investors, who previously faced prohibitive transaction costs during periods of network congestion. Despite these improvements, SHIB remains in a challenging position as it struggles to maintain key price support levels.

FAQ

Is shib coin worth anything?

Yes, SHIB has value. As of 2025, it has a $5.29B market cap, showing significant investor interest despite its low unit price.

Will SHIB ever hit $1?

It's highly unlikely. For SHIB to reach $1, its market cap would need to hit $589.53 trillion, which is improbable. Projections suggest SHIB will remain at much lower price levels.

Will Shiba reach $1 dollar by 2030?

It's highly improbable. SHIB reaching $1 would require a market cap of $589.53 trillion, which is unrealistic. Predictions suggest SHIB may trade between $0.0000998 and $0.0005674 by 2025.

How high will Shiba Inu go in 2025?

Shiba Inu (SHIB) is expected to reach around $0.00009 to $0.00010 in 2025, with significant price volatility anticipated.