- $383K SHIB liquidation hits market sentiment.
- Price drops by 6.3% in 24 hours.
- Increased sell pressure from major holders.
Shiba Inu experienced a $383,000 liquidation on June 6, 2025, contributing to a 6.3% drop in its price to $0.000012 as traders react to bearish market conditions.
The event emphasizes increased bearish sentiment in Shiba Inu, impacting related assets and exhibiting risk-off behavior in the market.
Shiba Inu’s latest price movement resulted from a $383,000 liquidation. This action reflected a broader trend of bearish market conditions and sustained price declines over several months. The asset’s sentiment deteriorated due to the event.
Whale addresses have reduced their holdings significantly, with major wallets dropping SHIB from 748 trillion to 718 trillion between January and June 2025.
This decline indicates broad exit strategies by large holders, affecting market dynamics.
The immediate market reaction saw increased bearish sentiment, with SHIB prices declining further. On-chain data highlighted a negative realized profit/loss, signaling transaction occurrences at a loss, raising selling pressures among holders.
Financial implications of this event extend beyond SHIB, influencing the broader cryptocurrency market. The Shiba Inu ecosystem, which includes tokens like BONE and LEASH, also faces increased volatility due to its correlation with Ethereum’s price movements.
Historical patterns suggest potential for recovery, with past whale sell-offs followed by price rebounds. However, prevailing sentiments remain cautious, and the market outlook relies heavily on future developments and potential meme-driven influences.
