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Shiba Inu Says It Has Only One Mission: Here’s What It Is

Lele Jima
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Shiba Inu Says It Has Only One Mission: Here’s What It Is

The official X handle of the Shiba Inu ecosystem has revealed the only mission of the canine-themed cryptocurrency project. 

Notably, this came yesterday in reaction to a tweet from a community figure, Etherscan_Shib. The community figure asserted that the Shiba Inu ecosystem is stronger than ever, as evidenced by the growing number of holders for SHIB, BONE, and LEASH.

Referencing on-chain data, the user claimed there are now over 1.5 million SHIB holders, more than 95,000 BONE holders, and over 30,000 LEASH holders. Despite these multiple tokens, Etherscan_Shib noted that these holders are part of one community–Shiba Inu. 

Shiba Inu Only Mission 

Reacting to the post, the Shiba Inu ecosystem team highlighted its sole mission: domination. Shiba Inu aims to dominate the market, positioning itself among other major cryptocurrencies, such as Bitcoin and Ethereum.

Notably, the Shiba Inu ecosystem team aims to achieve this goal by driving trading volumes into the billions and growing the ShibArmy to several million. The project believes that by accomplishing these feats, it could become a dominant force in the crypto market. 

Shiba Inu’s Community and Volume Spotlight

For context, Shiba Inu has a strong community that has contributed immensely to the widespread adoption of its ecosystem tokens. It currently has approximately 3.93 million followers on X. 

Many consider this feat commendable, particularly for a cryptocurrency project like Shiba Inu, which initially began as a meme. Since its launch, it has become a dominant force, reaching a $40 billion valuation during its peak. This achievement demonstrates Shiba Inu’s unexpected influence and resilience in the broader crypto market. 

In the meantime, the combined trading volume of Shiba Inu’s ecosystem tokens — SHIB, LEASH, TREAT, and BONE — has fallen below $1 billion over the past day.

Data from CoinMarketCap shows a combined volume of around $250 million. It is worth noting that Shiba Inu’s trading volume had previously surged above $1 billion. 

Earlier this month, community member Shib Bezos revealed that the trading volume of SHIB alone spiked to $48 billion within 10 days. 

Although SHIB’s volume has dropped to around $220 million, the team aspires to push it and that of other ecosystem tokens to billions of dollars. 

Kusama Aims to Take SHIB to Top 5

This goal aligns with a similar vision shared by Shiba Inu’s lead developer, Shytoshi Kusama, last year. At the time, Kusama revealed plans to ensure SHIB ranks among the top 5 cryptos in the market by 2029. Notably, SHIB is currently in position 16 and has been in the top 10 before.

Kusama suggested reaching the top 5 would be accomplished by giving SHIB utility and stripping it of its meme coin tag. Interestingly, the team has made significant efforts toward transitioning SHIB from a meme coin to a utility project. It has introduced several projects into its ecosystem, ranging from a decentralized exchange and games to its L2 scaling solution, Shibarium.

Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes

Albert Brown
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Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes

Shiba Inu (SHIB) has surged 4% in the past 12 hours, forming a descending triangle pattern. Will it break above $0.000017 or retest key support levels?

With a price increase of over 1% in the last 24 hours, Shiba Inu is edging closer to the psychological $0.000015 level, continuing its consolidation over recent days. This short-term recovery hints at a potential breakout rally, targeting the $0.000017 resistance zone.

Shiba Inu Targets Triangle Breakout

On the 4-hour chart, Shiba Inu is forming a descending triangle pattern, with a base support level at $0.00001393. The lower-high formation at $0.00001605 on May 23, following the peak at $0.00001764 on May 12, creates a descending resistance trendline.

Shiba Inu price chart
Shiba Inu price chart

Currently, Shiba Inu appears to be rebounding from the lower support, recording a price surge of nearly 4% over the past 12 hours. As SHIB trends higher, price action analysis points to a potential challenge of the overhead resistance trendline.

Supporting the bullish outlook, the MACD and signal lines have recently completed a positive crossover. As both lines trend upward toward the centerline, the bullish divergence in the MACD supports the case for continued upward movement.

Additionally, the RSI has risen above the midpoint, indicating increasing bullish momentum. The 50% Fibonacci retracement level at $0.00001551 serves as the immediate resistance in the event of a breakout.

In a bullish scenario, a continuation could push SHIB toward the $0.00001708 peak, aligning with the 100% Fibonacci level. Conversely, failure to break above the resistance trendline may result in a retest of the $0.00001393 support level.

If a breakdown occurs, the next immediate support lies at the May 6 low of $0.00001230.

SHIB Derivatives Signal Upside Potential

Despite prolonged consolidation within the triangle pattern, a recent surge in bullish sentiment in the derivatives market signals growing anticipation of a breakout rally. Open interest in Shiba Inu has increased by 2.81%, reaching $230 million, reflecting rising trader participation.

SHIB Derivatives
SHIB Derivatives

Furthermore, the funding rate has risen to 0.0098% from previously negative levels, indicating a notable increase in bullish intent. However, the long-to-short ratio over the past 24 hours shows a slight bearish dominance, currently standing at 0.9577.

VeChain Price Drops Below $0.027: Is the Bullish Pattern at Risk?

Albert Brown
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VeChain Price Drops Below $0.027: Is the Bullish Pattern at Risk?

VeChain has dipped below the $0.027 support level, risking the invalidation of the bullish inverse head-and-shoulders pattern.

Will the trend reverse, or is a deeper breakdown on the horizon? While altcoins gain momentum following Ethereum’s move above $2,700, VeChain struggles to benefit from the broader market tailwinds.

With an intraday pullback of nearly 1%, VeChain may fail to form a bullish pattern, reducing the chances of a strong recovery.

VeChain Price Analysis

On the daily chart, VeChain has fallen below the 23.60% Fibonacci retracement level at $0.02729. This reflects a weekly decline of approximately 1.32%, limiting monthly gains to under 3%.

VeChain Price Chart
VeChain Price Chart

The downward trend forms a falling channel, while the broader price structure still suggests a potential inverse head-and-shoulders pattern. The neckline aligns with the horizontal resistance at $0.03307, but the recent pullback increases the risk of pattern failure.

Trading below the 23.60% Fibonacci level, a decisive daily close under this support could trigger a prolonged correction. Supporting the bearish outlook, the daily RSI has dropped below the midpoint, indicating a significant loss of bullish momentum.

The immediate support for VeChain lies at the descending trendline, which is near the Supertrend indicator at $0.02572. If the price falls below this level, the trend could reverse toward the next support levels at $0.02471 and $0.02199.

Conversely, a potential rebound within the falling channel could revive bullish hopes and increase the likelihood of completing the inverse head-and-shoulders pattern, with a possible retest of the neckline near $0.0307.

In a more optimistic scenario, a breakout from the pattern could face immediate resistance at the 50% Fibonacci level at $0.03922, potentially extending the bullish rally.

Derivatives Data Reveal Optimistic Bulls Facing Rising Liquidations

As VeChain’s price declines, liquidations in the derivatives market have intensified, wiping out bullish positions. Over the past 24 hours, long liquidations totaled $81.59K, compared to just $4.05K in short liquidations.

VET Derivatives
VET Derivatives

Despite this, VeChain’s open interest has risen by 1.09%, reaching $79.71 million. Furthermore, the funding rate has climbed to 0.0112%, suggesting growing bullish sentiment amid increased trading activity. This has pushed the long-to-short ratio to 1.008 over the last 24 hours, reflecting a more balanced market.

With mixed signals from the derivatives market and key price levels being tested, VeChain stands at a critical juncture.

Dogecoin Signals Double Bottom Reversal, Hints at $0.25 Breakout

Albert Brown
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Dogecoin Signals Double Bottom Reversal, Hints at $0.25 Breakout

Dogecoin is showing signs of a double bottom reversal pattern. With rising open interest and bullish divergence, DOGE targets a breakout toward $0.25.

While meme coins struggle to sustain momentum, especially with Bitcoin crashing below the $108,000 level, Dogecoin is holding steady at $0.21. The DOGE meme coin hints at a potential double bottom reversal, aiming for $0.25 as it attempts to defy broader market trends.

Dogecoin Hints at Consolidation Breakout

On the 4-hour price chart, Dogecoin maintains a sideways trend between $0.2177 and the $0.25 supply zone. Currently, Dogecoin is consolidating near the lower boundary, facing short-term resistance at $0.2302.

Dogecoin Price Analysis
Dogecoin Price Analysis

This consolidation pattern hints at a potential double bottom reversal, which could challenge the upper resistance level. The $0.2302 resistance acts as the neckline of the double bottom formation.

Supporting the potential for upside movement, the MACD and signal lines are on the verge of a bullish crossover. Additionally, the MACD line reflects bullish divergence within the double bottom pattern.

However, the Supertrend indicator still signals a bearish trend in motion. The meme coin must break above the $0.2349 level to confirm a bullish reversal.

According to Fibonacci retracement levels, a short-term resistance lies near $0.2401, aligning with the 23.60% level. Therefore, the price action suggests multiple short-term hurdles before DOGE can test the $0.25 supply zone.

Optimistically, a successful breakout from the double bottom pattern could challenge the $0.25 zone. If Dogecoin surpasses the consolidation range, Fibonacci levels indicate a potential upside target of $0.2680.

On the downside, a key support level lies just below the $0.2177 zone, at the previous low of $0.2037.

Derivatives Data Signal Mixed Sentiments

As Dogecoin hints at a bullish reversal, the derivatives market shows a surge in mixed sentiment. According to Coinglass data, Dogecoin’s open interest has increased by 2.89%, reaching $2.71 billion. This rise in open interest reflects growing trader activity, likely in anticipation of a sharp price move.

DOGE derivatives
DOGE derivatives

The bullish intent is underscored by a rising, over-weighted funding rate, now at 0.0070%. However, liquidations in the past 24 hours indicate bearish dominance, with long liquidations totaling $4.51 million, compared to just $1.41 million in short liquidations.

DOGE Long/Short Ratio Chart
DOGE Long/Short Ratio Chart

Despite the increase in long liquidations, the Dogecoin long-to-short ratio chart shows a rise in bullish positions. Long positions now account for 48.59%, up from 47.78% over the past 36 hours. This has pushed the long-to-short ratio from 0.915 to 0.945, reflecting an effort to balance sentiment in the market.

Analyst Says Dogecoin Rally to $2.50 is a Sweet Dream That May Soon Become Reality

Albert Brown
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Analyst Says Dogecoin Rally to $2.50 is a Sweet Dream That May Soon Become Reality

A TradingView analyst suggests that Dogecoin powerful surge could soon become a reality, driven by a long-term Cup and Handle formation.

Despite a bearish trend over the last 24 hours, Dogecoin has shown signs of recovery after establishing support at the intra-day low of $0.2172. At the time of writing, DOGE is trading at $0.2257, marking a 1.60% increase from its recent support level.

Amid this recovery, crypto analysts have highlighted a strong technical setup in Dogecoin’s price action that may support a long-term rally.

In his post on TradingView, Aram Salimi identified a giant Cup and Handle pattern forming over several years on the DOGE chart. Based on this formation, the analysis projects that DOGE could explode to $2.50.

Dogecoin Setting for Powerful 1,010% Surge

Notably, the Cup and Handle pattern began forming in May 2021, when Dogecoin peaked above $0.70. The price gradually declined, reaching a low of approximately $0.05 between late 2022 and early 2023. During this time, the rounded base of the cup formed, which has slowly reversed as prices have risen.

Screenshot 2025 05 29T130904897
Dogecoin Price Prediction

By early 2025, Dogecoin returned to the $0.22–$0.25 range, forming the right side of the cup. The handle, a slight pullback from a resistance zone, has recently been completed.

Technical analysts often interpret this as a sign of consolidation before a breakout. The resistance around $0.25 is being tested again, with trading volume showing a steady increase.

According to Salimi’s chart, a breakout above $0.25 could confirm a price surge to targets near $0.45 and $0.50. A longer-term projection points to a potential move toward $2.50.

From Dogecoin’s current level, reaching that high would represent a surge of 1,016%. According to Salimi, this is a “sweet dream” that will most likely come true.

Short-Term Movement for DOGE

Currently, Dogecoin is trading near $0.222 after rising 1.60% in the past day. The price has exceeded the 100-hour simple moving average, often an indicator of stronger short-term momentum. A recent dip brought the price to $0.2157, close to short-term support levels.

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Despite this, the token remains above a key trendline at $0.2230. Resistance lies near $0.230 and $0.2350, with breakout confirmation expected around $0.2420.

If this level is surpassed with strong buying volume, Dogecoin could rally toward $0.2550 or even $0.2640. However, a drop below $0.2120 may increase the risk of a deeper pullback toward $0.18 or even $0.15.

The Relative Strength Index (RSI) is near 57, indicating neutral market momentum. Meanwhile, the hourly MACD has slipped into negative territory, causing traders to remain cautious.

Derivatives and Volume Activity Show Bullish Pressure

Data from the derivatives market shows rising interest among traders. Dogecoin’s trading volume has increased by over 4%, reaching $3.34 billion. Open interest also rose 2.67% to $2.72 billion, indicating a higher number of active positions in the market.

Options markets have shown mixed signals. While options volume declined slightly, open interest rose by over 21%, exceeding $620,000

Screenshot 2025 05 29T130447047
Dogecoin Derivatives Data

Institutional Interest Adds to Optimism

Institutional investors are also showing growing interest in Dogecoin. Grayscale filed for a spot DOGE ETF with the U.S. SEC, with a decision due soon. Analysts believe that under Paul Atkins’ leadership at the SEC, the DOGE ETF has an improved chance of approval.

Expert Says You Are Still Early to Bitcoin, Insists BTC Savings May Outperform Most Traditional Investments

Mark Brennan
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Expert Says You Are Still Early to Bitcoin, Insists BTC Savings May Outperform Most Traditional Investments

Industry experts say early Bitcoin savings could outperform traditional portfolios over the next decade.

This came as Bitcoin continued to trade between $107,000 and $109,000 on Thursday, just a few percentage points below its all-time high. Despite coming this far, market participants maintain that Bitcoin remains in its early phase, suggesting significant potential ahead.

Analysts Emphasize Early Positioning in Bitcoin

In a recent commentary, Quinten François, co-founder of WeRate, addressed his over 270,000 followers on this prospect, describing Bitcoin as an asset that investors are still early to. His comment prompted a wide range of responses across the X platform. 

He suggested that using Bitcoin as a personal savings account could help investors outperform traditional investments within the next decade.

Some users emphasized strategies like dollar-cost averaging during market dips, while others reflected on the underperformance of altcoins compared to Bitcoin during the bull run. One user suggested that although Bitcoin is effective, using it as a savings vehicle may not align with traditional portfolio strategies, highlighting the importance of diversification.

Bitcoin Savings Potential

Note that if an investor had allocated just 2% of a $100,000 portfolio ($2,000) to Bitcoin in 2020 when BTC was around $10,000, that portion would have grown to $10,000 by late 2021—a 5x return—while the rest of the portfolio remained stable. 

This illustrates how a small, savings-style allocation to Bitcoin can meaningfully boost overall returns, even without high risk exposure.

Adoption Still Far From Full Potential

Notably, data from a March research report by River, a Bitcoin financial services provider, suggested that Bitcoin adoption sits at only 3% of its projected capacity. This level of adoption compares to the internet in 1990 or social media in 2005, according to the study. 

Furthermore, Bitcoin’s market value remains under 1% of its estimated total addressable market. Institutional allocation is also minimal. U.S. investment advisors currently allocate only 0.006% of their portfolios to Bitcoin. Global Bitcoin ownership remains below 4%, the report added. These figures were used to support claims that accumulating Bitcoin early may yield superior long-term performance.

Similarly, BlackRock’s head of digital assets, Robert Mitchnick, previously shared a similar viewpoint. In an interview with Bloomberg, he stated that institutional participation remains low. Mitchnick expects a shift as more advisors and institutions begin gaining exposure through vehicles such as the iShares Bitcoin Trust (IBIT).

Forecasts Suggest Long-Term Upside

Meanwhile, Bitcoin Conference 2025 in Las Vegas featured comments from several speakers on pricing outlooks. Eric Trump predicted that Bitcoin could reach between $150,000 and $170,000 by the end of 2026, attributing the forecast to growing daily demand. 

At the same event, panelists addressed concerns about fractional ownership. Eric Trump encouraged participation regardless of amount, stressing that even small investments help investors engage more deeply. He reiterated that people have long considered Bitcoin expensive, even at lower price points, and emphasized that ownership can begin with any fraction.

Expert Predicts When XRP Might Disappear from Exchanges

Sam Wisdom Raphael
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Expert Predicts When XRP Might Disappear from Exchanges

An XRP community commentator has predicted a possible timeline for the XRP on exchanges to disappear, potentially leading to a supply shock.

The recent commentary comes on the back of the underwhelming performance observed by XRP over the past few months. Specifically, since dropping from the $3.3 peak in mid-January, XRP has struggled to find its footing, constantly ranging at the lower end of the $2 region.

Farina Predicts When XRP Supply Shock Could Materialize

This performance has expectedly triggered concerns among investors, especially with Bitcoin (BTC) already witnessing new all-time highs this month. Nonetheless, market pundits like Edoardo Farina, the Alpha Lions Academy founder, believe XRP still has the potential to engineer an impressive rally.

In his latest commentary, Farina pointed to one factor capable of triggering such a rally: a supply shock. According to Farina, there is a possibility that the number of XRP tokens present on exchanges could drop significantly to the extent of “disappearing.”

For context, such a development would lead to an environment where investors would struggle to purchase XRP with little tokens available for procurement. Market analysts call this scenario a supply shock, and Farina believes it could happen by 2030, five years from now.

XRP Exchange Reserve Declining

Interestingly, data from CryptoQuant indicates that the number of XRP tokens on exchanges, specifically Binance, has actually seen a drop in recent times. This year alone, Binance’s XRP reserve has reduced by 82 million tokens, dropping from 2.939 billion tokens to 2.857 billion tokens.

Notably, while this depreciation rate is rather low, it still confirms a trend of collapsing reserves on exchanges. Analyst EgyHash identified this pattern in an analysis last month. At the time, he confirmed that the XRP reserve on Binance had continued to fall, reaching levels last observed last July. Moreover, The Crypto Basic also spotlighted the trend back in March.

Data from the CryptoQuant chart shows that the Binance XRP reserve initially rose from 2.939 billion tokens on Jan. 1 to 3.040 billion tokens on Jan. 16, coinciding with XRP’s rise to the seven-year peak of $3.3 on that day. This increase was likely due to investors sending their tokens to Binance to take profit from the price uptrend.

XRP Ledger Exchange Reserve for Binance CryptoQuant
XRP Exchange Reserve for Binance | CryptoQuant

However, after the 3.040 billion high, the reserve started collapsing amid XRP’s price retracement. It reached a low of 2.72 billion tokens on Feb. 28 before recovering above 2.9 by March 2. Since then, it has continued to fluctuate. Nonetheless, from Jan. 16 to now, the reserve has dropped by 183 million XRP.

A Lesson from Bitcoin

If the ongoing trend persists, exchange reserves could drastically collapse, aligning with Farina’s projection. Interestingly, this pattern of dried-up supply is one of the major determinants of Bitcoin’s push toward new ATHs, as companies and ETFs are now procuring more BTC than is produced daily.

This would likely be the effect of an XRP supply shock. Some analysts have also pointed to the constant XRP burn from transactions as another factor that could contribute to the supply shock. In a previous disclosure, Farina insisted we would see higher XRP prices this year, also citing the potential supply shock. 

Currently, XRP changes hands at $2.28, down nearly 5% over the past week. However, market tool Sistine Research previously projected a possible run to a range of $33 to $50 for the asset. 

Adam Back Predicts When Bitcoin Will Reach $1,000,000

Elendu Benedict
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Adam Back Predicts When Bitcoin Will Reach $1,000,000

Adam Back, the CEO of Blockstream and Bitcoin OG, has predicted the asset’s potential price per coin over the next five years.

Bitcoin’s euphoria is attracting FOMO among market participants. The largest cryptocurrency by market capitalization reached a new all-time high of $111,970 on May 22, with several entities, including Standard Chartered, optimistic that it would extend its form to higher prices, such as $200,000, before the end of the year.

Notably, Bitcoin’s long-term trajectory looks promising. As a result, a well-respected OG investor believes it could reach seven figures in the next five years.

Adam Back Says Bitcoin to $1M in Five Years

When Alex Thorn, the firmwide research lead at Digital Galaxy, asked Back where he sees Bitcoin’s price in the next five years, the Blockstream CEO did not hesitate in his response.

“A million easy,” Back responded.

The Bitcoin OG, who is one of the few names mentioned in Bitcoin’s whitepaper written by Satoshi Nakamoto, predicted that the pioneering cryptocurrency would reach $1 million, specifically within the next five years. Interestingly, this uptrend would see Bitcoin rally 826% from its current price of $108,000.

Notably, other respondents to Thorn’s question at the Bitcoin 2025 Conference in Las Vegas predicted a milder target. Managing Partner of Pantera Capital, Dan Morehead, says $750,000, while CEO and CIO of 10T Holding and 1RoundTable Partners, Dan Tapiero, projects $1 million, but over the next 10 years.

Meanwhile, Back emphasized that Bitcoin’s hard money property is attracting every institution that comes in contact with it. He suggested that nation-states and large-scale firms are beginning to take the orange pill, evident in the growing adoption seen today.

However, he stressed that institutions are still not fully into Bitcoin. He cited data showing that just 33% of the assets held by BlackRock’s ETF are owned by institutions, which is a relatively small amount compared to the resources managed by these large firms.

Nonetheless, the Blockstream CEO highlighted that it is still early for those who buy now. As institutions come around, Back stressed that Bitcoin’s price would surge alongside its adoption.

$1M per Bitcoin: a Commonplace

Interestingly, a $1 million Bitcoin prediction is becoming a popular outlook. Market watchers are growing increasingly confident that the premier asset would attain the price mark, but each with different timelines.

For Binance co-founder Changpeng Zhao, Bitcoin will reach $1 million during this bull cycle. It is worth noting that he anticipates an extended bullish Bitcoin phase beyond its historical four-year cycle, which could see the bull run extend massively.

Bitcoin maximalist Samson Mow also predicted that the asset could hit the seven-figure target this year. Although ambitious, the JAN3 CEO remains unwavering in the projection’s fruition.

Meanwhile, analyst “apsk32” asserted that Bitcoin will reach $1 million by 2027, using the power law for his projection. However, Cathie Wood predicted the premier asset would only attain the target by 2030, aligning with Back’s projection.

Analyst Spots Key Shiba Inu Trading Setup in Current Price Range

Albert Brown
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Analyst Spots Key Shiba Inu Trading Setup in Current Price Range

In a fresh analysis, SwallowAcademy outlines a Shiba Inu trading setup, citing a strong foundation and the potential for a significant price move.

Shiba Inu (SHIB) price action this week has continued to underwhelm investors, posting a 5% dip over the past week. Trading at $0.0000145 at press time, SHIB is up 1.1% today. However, market watchers are closely monitoring technical patterns for major price movement from current levels.

According to technical observations from analyst SwallowAcademy, SHIB is attempting to stabilize above a well-established demand zone. This area, situated between $0.0000139 and $0.0000144, has held firm across several sessions. Price currently consolidates at the upper edge of this zone, signaling potential defense by buyers.

Screenshot 2025 05 29T104045015
Shiba Inu Trading Setup

This same demand zone has previously triggered notable upward movements. On May 17, SHIB rebounded from around $0.0000139, rising to $0.0000153 by May 18. It retested this level on May 19 at $0.0000138 before surging to $0.0000160 by May 23.

Following a pullback, the asset revisited the demand zone at $0.0000139 on May 25. Since then, the price has remained within a tight range, repeatedly testing resistance at the zone’s upper boundary.

EMAs and RSI in Favorable Position

SwallowAcademy also referenced several technical indicators in their analysis. The 50-period EMA is approximately $0.000014266, while the 200-period EMA sits near $0.000014561. SHIB currently trades slightly below the 50 EMA but remains close to the 200 EMA. A breakout above these levels could signal bullish reversal potential.

Additionally, the Relative Strength Index (RSI) hovers near 46.92, just under the neutral 50 mark. This positioning suggests that SHIB is neither overbought nor oversold, a condition often observed during accumulation.

Target For Shiba Inu Price

According to the analyst, the strength of the current support area could lead to a potential bounce. He added that such a move might offer a 10–20% price increase from current levels.

Notably, SwallowAcademy’s target remains at $0.0000159, a level last seen on May 23. From the current price near $0.00001441, reaching this target would represent a move of approximately 10.34%.

On-Chain Data Shows Rise in Long-Term SHIB Holders

Data from IntoTheBlock supports the technical outlook. It highlights key trends in address activity. The number of long-term SHIB holders (those holding for 1 year or more) has increased by 0.84%, indicating a gradual shift toward longer holding periods.

Screenshot 2025 05 29T111542108
Shiba Inu Addresses by Time Held

Meanwhile, addresses categorized as cruisers (holding for 1 to 12 months) declined by 3.73%, while short-term traders (holding for less than 1 month) dropped by 3.12%. This shift away from short-term speculation may signal a phase of accumulation and reduced sell-side pressure, especially amid recent market fluctuations.

Eric Trump Predicts Timeline for Bitcoin to Reach $170K at BTC Conference 2025

Lele Jima
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Eric Trump Predicts Timeline for Bitcoin to Reach $170K at BTC Conference 2025

Eric Trump, the second son of U.S. President Donald Trump, has revealed a timeline for Bitcoin potential surge to $170,000. 

Eric laid out the bullish target for BTC while speaking on stage at the ongoing Bitcoin Conference 2025. According to him, the price of the world’s largest cryptocurrency would surge to a new high, ranging between $150,000 and $170,000. 

Eric expects this prediction to materialize by the end of 2026, over a year from now, citing growing daily demand for Bitcoin. 

“Everyone Wants Bitcoin”

Eric suggested that the demand for Bitcoin is gradually outpacing its supply, adding that several entities, including sovereign wealth funds, are committing billions of dollars to it daily. 

He argued that there is a growing appetite for Bitcoin as everyone wants a slice of the BTC pie. According to him, fewer than 100 companies held Bitcoin in their balance sheets a year ago. However, this figure has skyrocketed recently, with several wealth funds lining up to buy the asset daily. 

While Bitcoin’s demand continues to rise, Eric noted that its supply has been on the decline lately. He said over-the-counter (OTC) desks, which are known as the major source of large Bitcoin trades, are reporting lower Bitcoin inventories. 

In his view, the amount of Bitcoin held by OTC platforms is plummeting rapidly as the asset’s price appreciates. He noted that crypto exchanges are also facing a similar challenge. 

Eric revealed that institutions like Metaplanet are struggling to purchase more Bitcoin due to decreasing supply. 

“It’s hard to find Bitcoin on exchanges. Everybody wants Bitcoin as a balance sheet item, and no one wants to get rid of it,” Eric remarked. With demand for Bitcoin outstripping supply, it could push BTC’s price to greater levels, Eric said.

His commentary comes days after Bitcoin hit an all-time high of $111,970. However, the firstborn crypto has since dipped to around $107,000. Currently, Bitcoin is trading at $107,990, representing a 0.91% decline over the past 24 hours. To clinch Eric’s $170,000 target, Bitcoin must rise by 57.42% from the current price. 

Eric’s Other Bullish Predictions 

Notably, Eric’s $170,000 prediction for Bitcoin is more conservative compared to his previous forecast. Last year, he expressed optimism about Bitcoin’s prospects, predicting that the asset would climb to an ambitious target of $1 million. However, he provided no specific timelines.

In his latest speech, Eric hinted that Bitcoin could change the financial status of early investors, irrespective of how much they invest in BTC today. 

Amid the growing demand for Bitcoin, which has seen sovereign wealth funds invest billions of dollars in BTC, Eric expects a fraction of BTC, roughly 0.1 BTC, to be worth a fortune. Interestingly, those who invested just $1 in BTC at its all-time low in July 2010 have realized over $2 million, assuming they never sold even today.

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