The memecoin market experienced a synchronized downturn on May 14, 2025, with nine of the top 10 tokens by market cap posting losses, according to CoinGecko data. The sector’s total market cap fell 0.7% to $78.6 billion, reflecting cautious sentiment.
Shiba Inu declined 3.6%, while Dogecoin (DOGE) and Solana-based BONK dropped 2.4% and 3.5%, respectively. Pudgy Penguins, an NFT-based memecoin, was the outlier, gaining 8%.
The $300 million TrumpCoin purchase amplified fears of regulatory crackdowns, especially as congressional scrutiny intensifies over stablecoin affiliations.
Real-time data from CoinMarketCap confirms SHIB’s current trading price at $0.0000152 as of May 15, 2025, with a 24-hour trading volume of $1.2 billion, indicating sustained investor interest despite the correction.
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SHIB’s Age Consumed Metric Highlights Long-Term Holder Strength
Santiment’s Age Consumed metric, which tracks token movement relative to the time since last transferred, reveals a flat trend at 91.4 trillion SHIB tokens on May 15, 2025. This stability, even after a sector-wide sell-off, underscores the conviction of long-term SHIB holders.
Over the past three months, Age Consumed has shown lower highs during price corrections, a bullish signal indicating that Wednesday’s dip was driven by short-term traders rather than panic selling by long-term investors.
This muted token movement suggests SHIB is poised for consolidation and a potential rebound, with analysts eyeing a near-term target of $0.000018 if the $0.000015 support holds.
Did You Know?
Shiba Inu’s Age Consumed metric is a unique on-chain indicator that highlights holder behavior, making it a critical tool for assessing market sentiment. A flat or declining Age Consumed during price corrections often precedes bullish reversals, as seen in SHIB’s historical patterns.
Market Outlook: Can SHIB Rally 25%?
Despite the memecoin sector’s volatility, SHIB’s ability to maintain its 7-day gains of 25% reflects underlying bullish momentum. Web-based sentiment analysis indicates growing optimism among traders, with discussions highlighting SHIB’s resilience compared to other memecoins.
The lack of significant token movement from dormant wallets further supports a bullish outlook, as long-term holders appear unfazed by regulatory fears. If market sentiment stabilizes and SHIB holds above $0.000015, a rally toward $0.000018, representing a 25% upside, could materialize. However, traders should monitor broader market trends, as regulatory developments could impact memecoin performance.
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