Shiba Inu Price Prediction: 24,000 New Wallets Join As SHIB Presses The CRT Range High At $0.0000630

Market Analysis Price Prediction Shiba Inu News

May 5, 2026

< 1 min read

by Parshwa Turakhiya

for CoinEdition

Shiba Inu Price Prediction: 24,000 New Wallets Join As SHIB Presses The CRT Range High At $0.0000630

AI Overview

SHIB trades at $0.0000623 (+0.65%) on May 5, pressing the CRT range high $0.0000630 for the third time this week; SAR support at $0.0000612 and CRT range is $0.0000561–$0.0000630 (technical resistance test). On-chain adoption: 24,000 new wallets in the week ending May 4, total addresses >1.58M, whale holdings ~61%; token burn spiked 86.95% in 24h (peaked ~12M tokens on May 1) but 7‑day burn is down 46.47% (mixed supply pressure). Market context: renewed memecoin momentum (DOGE, LUNC moves) boosts SHIB adoption and short-term price potential, though repeated resistance tests and weakening 7‑day burn trend pose near-term risks to upside. (crypto, memecoin, token burn, wallets, adoption, CRT range)

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SHIB trades at $0.0000623, up 0.65%, pressing the CRT range high at $0.0000630 with SAR at $0.0000612 as support below.
24,000 new wallets joined in the week ending May 4, total addresses now above 1.58M with whale holdings steady at 61%.
Burn rate jumped 86.95% in 24 hours but the 7-day trend is down 46.47%, peaking at 12M tokens on May 1 before fading.

Shiba Inu trades at $0.0000623 on May 5, pressing the CRT range high at $0.0000630 for the third time this week as 24,000 new wallets joined the network in seven days and the memecoin sector sees its strongest momentum since late 2025 with DOGE and LUNC both posting major moves around it.