Shiba Inu (SHIB) is a meme-inspired cryptocurrency featuring the Shiba Inu dog breed as its mascot. Born as an ERC-20 token on Ethereum, SHIB launched in August 2020 by the pseudonymous founder “Ryoshi” with the vision of creating a decentralized, community-driven project.

What is Shiba Inu Coin (SHIB)?

Initially dubbed the “Dogecoin killer,” Shiba Inu quickly gained viral popularity during the 2021 memecoin mania, soaring in value and amassing a large following known as the “Shib Army.”

Today, SHIB has evolved beyond its joke-coin origins into a broader Shiba Inu Ecosystem that includes a decentralized exchange (ShibaSwap), NFTs, a metaverse project in development, and even its own Layer-2 blockchain called Shibarium.

With a current market capitalization around $7–8 billion, Shiba Inu consistently ranks among the top cryptocurrencies by market cap and is the second-largest memecoin (after Dogecoin) in this niche sector.

Recent Developments and Ecosystem

Shibarium

One of the biggest updates has been the rollout and improvement of Shibarium, Shiba Inu’s Layer-2 network. Since launch, the development team has been fine-tuning Shibarium – and in June 2025 they are implementing a major upgrade to improve network performance.

According to core developer Shytoshi Kusama, the June 2025 Shibarium update will “optimize the distribution of network validator nodes, resolve transaction congestion issues, and provide more stable support for DeFi and NFT projects” on the network.

This indicates the team is addressing early growing pains (such as occasional congestion) to bolster Shibarium’s scalability and reliability. Yet, as noted, early adoption has been slow – Shibarium’s TVL is tiny relative to other chains.

Burn Mechanism

Another headline development is Shiba Inu’s token burn initiatives. In August 2024, Shibarium introduced an automated burn mechanism tied to transaction fees: 70% of every transaction fee on Shibarium is now converted to SHIB and permanently burned (removed from circulation), with the remaining 30% retained for network maintenance.

This burn mechanic, activated via a hard-fork upgrade (Bor v1.1.2) on Aug. 9, 2024, was a long-awaited community request designed to gradually make SHIB more scarce. 

Since then, regular burns have been occurring. In May 2025 alone, roughly 320 million SHIB were burned through Shibarium transaction fees, an 18% increase in burn rate compared to the same period a year prior.

Read more: Trading with Free Crypto Signals in Evening Trader Channel

A few months ago, weekly burns in excess of 1 billion SHIB were common, but that momentum has slowed in the past weeks.

On the ecosystem expansion front, Shiba Inu is actively working on its metaverse and gaming projects. Shib: The Metaverse, the project’s anticipated virtual world, has reportedly entered the Alpha testing phase as of mid-2025

The Metaverse

On the ecosystem expansion front, Shiba Inu is actively working on its metaverse and gaming projects. Shib: The Metaverse, the project’s anticipated virtual world, has reportedly entered the Alpha testing phase as of mid-2025.

The Shiba Inu team is laying groundwork for an in-metaverse economy; for instance, virtual land plots in the Shib metaverse will support multi-currency transactions using SHIB and its sister tokens, BONE and LEASH.

The team has even rolled out small teaser applications – for example, in March 2025 the Shiba Inu devs introduced a “fishing game” as part of testing the metaverse’s in-game economy systems.

These steps suggest that Shiba Inu is trying to transition from a purely meme-centric token toward a broader entertainment and DeFi ecosystem, which could drive more organic demand for SHIB if successful.

On-chain data

Meanwhile, whale movements and market activity around SHIB have been notable. On-chain data indicates that large holders (whales) have been reducing their SHIB exposure in 2025, which has impacted price dynamics.

Santiment data shows that the total supply of SHIB held by whale addresses (excluding exchanges) dropped from about 743 trillion at the start of the year to roughly 723 trillion by early June. In other words, whales offloaded about 20 trillion SHIB in the first half of 2025 – a significant sell-off that reflects a cautious stance by big players.

There have been some sporadic large transactions, for instance, a single day in early June saw a 24.3 trillion SHIB transfer among top wallets, the largest in six months, which drew community buzz. However, overall whale transaction volumes are down over 90% compared to early-year peaks.

Indicating that many whales have stepped to the sidelines after unloading. The whale exodus became evident after SHIB’s price rally in May fizzled. Whale netflows turned deeply negative (-311%) by late May and whale address counts were in a slow decline.

In practical terms, fewer large buyers in the market has meant increased selling pressure and lower liquidity, contributing to the price weakness of SHIB in recent weeks.

DeFi

Shiba Inu introduced ShibaSwap in 2021 as its decentralized exchange and yield farming platform. Users can stake (bury) their SHIB for passive returns, provide liquidity, and swap tokens. ShibaSwap also introduced ecosystem tokens like BONE (which now serves as the gas token for Shibarium) and LEASH (a scarce token initially meant for a rebase mechanism, now largely a specialty token in the ecosystem).

These components give SHIB holders avenues to participate in DeFi. However, ShibaSwap’s user traction has been modest compared to major DeFi platforms, and total value locked (TVL) on Shibarium is still very low (around $2.3 million).

Moreover, thanks to its popularity, SHIB has seen surprising adoption in payments. Several crypto payment providers (like BitPay and NowPayments) facilitate SHIB transactions, enabling merchants to accept SHIB and instantly convert it to fiat.

Notably, in late 2021 and 2022, merchants such as AMC Theaters and some online retailers announced support for SHIB payments. While memecoins aren’t widely used for everyday purchases, the fact that over 1.5 million wallets hold SHIB means there’s a broad base of holders who could use it if given the opportunity.

The potential integration of crypto in Elon Musk’s envisioned X payments platform is also an area of speculation – if Dogecoin were to be integrated, some wonder if Shiba Inu might ride along given its similar meme status. However, as of now X’s payment system (X Money) is launching with fiat only, so any SHIB integration there remains purely speculative.

Tokenomics & Community

The current circulating supply remains about 589 trillion SHIB, Shiba Inu’s market cap is around $7.5–7.8 billion.

This huge supply means that even relatively small price goals would imply astronomical market caps in the hundreds of billions or trillions of dollars, which is why the project’s community is so fixated on token burns to gradually reduce the supply and create scarcity.

The Shiba Inu team reduces the supply mainly through the Shibarium fee-burn mechanism and periodic community-led burns. While these are incremental steps – e.g. millions or a few billion tokens burned here and there, which is a tiny fraction of 589 trillion – the team emphasizes a long-term deflationary vision.

As Shibarium usage grows, the burn rate could accelerate; indeed May 2025’s 320M burned tokens via fees were an 18% increase year-on-year. Still, skeptics point out that at the current pace it would take many decades to significantly shrink the circulating supply, so this aspect remains an uphill battle unless SHIB sees exponential increase in on-chain activity.

Shiba Inu’s biggest fundamental asset is its community. The Shib Army is one of the largest and most active crypto communities on social media. On X, the official @Shibtoken account and lead developers like Shytoshi Kusama collectively have millions of followers, and hashtags like #SHIBArmy trend whenever there’s big news.

On Reddit, r/SHIBArmy counts over 500,000 members, many of whom actively discuss price speculation, memes, and community-driven initiatives. This community has proven adept at viral marketing – from rallying petitions to coordinating token burns.

In June 2025, the Shiba Inu community reached a new milestone: over 1.511 million unique wallet addresses now hold SHIB, an all-time high in the holder count.

The community remains SHIB’s backbone, providing energy, marketing, and a base level of demand.

Technical Analysis SHIB

Shiba Inu (SHIB) is currently attempting to reclaim the $0.00001384 level, a historically significant resistance marked by the yellow horizontal line on the chart. 

The 3-day candle (3D) is approaching this key area, and a confirmed close above it would likely open the path toward the next resistance zones at $0.00001478 and $0.00001585. Conversely, failure to break through this zone could result in further sideways movement between $0.00001267 and $0.00001350 or even trigger a sharp move downward, potentially toward the support cluster near $0.00001054.

Momentum indicators are offering conflicting signals across different timeframes. While the daily (D1) and weekly (W1) relative strength index (RSI) suggest a bullish bias and upward momentum, the 3-day (3D), bi-weekly (2W), and monthly (M) RSIs remain bearish, pointing toward potential downward pressure. 

This divergence underscores the uncertain short-term trajectory for SHIB, with confirmation above the $0.00001384 zone being critical for any sustainable upside.

SHIB Price Prediction

SHIB about 30% off its recent high, if crypto markets strengthen in June and Shibarium’s early-June upgrade boosts confidence, SHIB could rebound toward the higher. 

Possibly make a run to $0.000017–$0.000018 again, which would be near its May peak. That kind of move, roughly a 30-40% gain from current prices, would likely require a spark – such as renewed whale accumulation or a wave of retail meme hype.

Importantly, SHIB is part of the Ethereum ecosystem, which itself is showing signs of renewed strength. As Ethereum-related assets begin to recover, SHIB — as one of the most recognized Ethereum-native meme coins — could ride this ecosystem-wide wave of momentum.

In the base-case outlook, assuming no unexpected negative developments, SHIB could gradually climb through the rest of June, ending the month with modest gains. Trading volume and volatility may spike around any Shibarium-related updates or meme coin narrative surges.

Under these conditions, SHIB could gradually grind higher through June, perhaps ending the month with a few percentage points gain overall. Volume and volatility may pick up around any major event.

Even a return to $0.000014 would mean SHIB is roughly flat or slightly positive year-to-date — an improvement considering the broader altcoin market’s uneven performance. That said, SHIB is still underperforming larger-cap assets like Bitcoin.

The potential for higher gains in late 2025 exists if the crypto bull run continues, but for June specifically our prediction stays relatively conservative.

Read more: 11 Best Meme Coins to Buy & Invest in 2025

The post Shiba Inu Price Prediction in June 2025: SHIB Price Forecast in Short-Term appeared first on NFT Evening.