SHIB rallied to $0.000017 before reversing when whale wallets trimmed positions, pushing the token back toward long-term support near $0.0000145. Network data show declining new-address growth, hinting that speculative froth peaked ahead of an anticipated “Shibarium” roadmap update that has yet to materialize.
Liquidity on decentralized exchanges also thinned as traders rotated into newly launched dog-themed tokens, exacerbating slippage on sell-orders. Market-makers responded by widening spreads, creating a feedback loop that accelerated the drop.
Unless developers deliver a concrete catalyst—such as a main-net upgrade date—analysts expect SHIB to range-trade as holders digest supply from recent unlocks. A decisive break below $0.000013 would threaten the broader meme-coin risk-on narrative for the rest of Q2.
