Shiba

Shiba Inu

Zero

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In a move poised to shake up the&nbsp;<a href="https://u.today/dormant-ethereum-eth-whale-just-woke-up-and-bought-billions-of-shiba-inu-shib" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> market, recent on-chain data reveals a potential path for the meme coin to reclaim the elusive $0.00001 mark. The key lies in addressing the concentration of SHIB liquidity at specific price levels, according to insights from&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>.
As of the latest data, a staggering $3.27 trillion SHIB tokens are currently concentrated around the $0.000009 price point across 5,640 addresses. Remarkably, these tokens are holding steady at breakeven for their respective holders, showcasing a critical support level for the Shiba Inu community. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="3125fec1-2acf-42cf-b830-c13f0098efc2" src="https://u.today/sites/default/files/inline-images/shubbabsba.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
However, a challenge emerges with a significant volume of 47 trillion Shiba Inu tokens concentrated at a slightly higher level, precisely at $0.00001 per SHIB. Unfortunately, this concentration is proving detrimental, causing losses for its 28,930 holders at present. For SHIB to ascend beyond the coveted $0.00001 threshold, it must absorb this substantial volume that threatens to flood the market as soon as the price approaches this critical level. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="45b8ce41-be78-4fff-9d43-d6a904682477" src="https://u.today/sites/default/files/inline-images/shibbbb_1.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This strategic move to trim a zero from Shiba Inu's price is contingent on absorbing and neutralizing the selling pressure from this concentrated volume. The successful execution of this plan would not only elevate&nbsp;<a href="https://u.today/tron-founder-withdraws-billions-of-shib-from-binance-details" rel="noopener noreferrer nofollow">SHIB</a> above the sought-after mark but also potentially pave the way for sustained growth.
The strategic absorption of token volume could serve as the catalyst needed to drive&nbsp;<a href="https://u.today/shiba-inu-shib-burn-rate-skyrockets-2900-how-will-price-react" rel="noopener noreferrer nofollow">Shiba Inu</a> toward the coveted milestone, injecting renewed optimism into the SHIB market.

This Move Will Trim Zero From Shiba Inu (SHIB) Price

U_Today

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