Shiba InuIn today’s turbulent events, , experienced an important turning point when its price briefly reached the level of 0.00001 dollars and one zero was deleted from its value.
This psychological threshold has been long awaited by the SHIB community. Additionally, it reflected both hope and skepticism in the crypto space. However, the celebration was short-lived. Because after 15 minutes, the token retraced its steps and added a zero to the price figure.
Amid this price fluctuation, data from the IntoTheBlock portal revealed a surprising fact. The 129.4 trillion SHIB tokens are concentrated in the price range of $0.00001 to $0.000011. This amount, held in 92,330 wallets, accounts for approximately 20% of the token’s circulating supply. Remarkably, this has been consistently unprofitable for large volume holders. Koinfinans.com As we reported, when SHIB approaches these values, it causes rapid sales.
An urgent question now looms over the fate of SHIB. Is it possible for the token to sustain itself at these price levels? The concentration of tokens in this range, which was previously unprofitable for their holders, creates an element of uncertainty. The fear is that if this significant volume continues to be drained, it could trigger further selling among those who have already profited from the Shiba Inu token.
Amid this complex scenario, SHIB finds itself in a precarious situation, facing pressure from all sides. The deletion of zero caused an instant stir. However, the subsequent price pullback and the looming threat of a mass sale cast a shadow over the token’s near future.