Shiba Inu Price Rises 0.143% Amid Scams, Whale Accumulation

Shiba Inu's latest price was $0.00001145, up 0.143% in the last 24 hours. The popular meme-inspired cryptocurrency has recently faced multiple scams, with users being tricked by fake tokens and phishing emails. A fake “Zama” token has been circulating on the Binance Smart Chain, deceiving SHIB investors with a honeypot scam. This fraudulent token has no ties to the real Zama company, which is collaborating with Shiba Inu on privacy technologies. The scam involves a honeypot mechanism where buyers can purchase the token but cannot sell it, rendering their funds inaccessible. The token's name, Zama, has added to the confusion, as the legitimate Zama project is working with Shiba Inu on fully homomorphic encryption (FHE), a form of privacy that enables data processing without decryption. Users are advised to confirm project announcements through official channels to avoid falling victim to such scams.

In addition to the fake token scam, the Shiba Inu community has also been targeted by phishing threats through fake Exodus wallet emails. These emails, flagged by Susbarium, a Shiba Inu-focused account, pretend to be from the official Exodus team and attempt to deceive users into revealing sensitive data, such as seed phrases. Susbarium reminded the community that no one has the right to demand such data in the name of operating a wallet and cautioned against communicating with unverified tokens or emails. The community is advised to always interact on verified platforms and avoid unofficial channels to protect their assets.

Despite these challenges, the Shiba Inu community remains resilient. The Shibarium team recently unveiled a major upgrade aimed at boosting decentralization, privacy, and censorship resistance. This upgrade includes enforcing rate limits on public Remote Procedure Call (RPC) endpoints, marking a key move toward a more secure and resilient Shiba Inu network. The community is encouraged to stay alert and vigilant against scams and fraudulent activities, ensuring the safety and security of their investments.

Whale investors have shown renewed interest in Shiba Inu, with a significant accumulation of tokens sparking a surge in on-chain activity and bullish technical signals. This sudden spike in activity has caught the market by surprise, with Shiba Inu's transaction volume soaring to 24 trillion SHIB in early June, and whale activity surging by 600%. This intensified accumulation has led to a golden cross, where the 50-day moving average crosses above the 200-day moving average, signaling a potential trend reversal from bearish to bullish. Market analysts and technical experts have noted the positive market psychology and potential for further growth, as Shiba Inu's short-term price momentum gains strength.

Looking ahead, the Shiba Inu community is optimistic about the long-term potential of the meme coin. Despite its volatility and recent underperformance, experts and analysts remain hopeful that Shiba Inu will trade at much higher levels by 2035 and 2040. Various predictions suggest that Shiba Inu's price could reach significant milestones in the coming years, driven by factors such as Bitcoin halvings, potential new crypto regulations, and growing adoption. The community is advised to focus on the long-term vision and potential of Shiba Inu, rather than being swayed by short-term price swings and market volatility.

Despite facing challenges in 2025, the Shiba Inu ecosystem team continues actively advancing the project's development roadmap. They have consistently emphasized Shiba Inu's long-term utility and ecosystem expansion prospects, maintaining focus beyond near-term market sentiment.

Data indicates significant accumulation by large holders over the past thirty days, with a netflow surge exceeding 764% recorded in a single seven-day period. This heightened whale activity has driven increased on-chain interactions and renewed investor focus on the network.

In tandem with the whale movements, technical analysis highlights the formation of promising chart patterns, including a classic harmonic pattern and a double-bottom structure. These formations suggest growing technical indicators that historically precede potential trend reversals.

Artificial intelligence models point toward an anticipated future trajectory for the asset. Recent AI-driven forecasts indicate Shiba Inu could experience a moderate but tangible recovery by the conclusion of 2025, based on current technological and ecosystem developments.