Shiba Inu

<p><strong>The $0.000026 level is a key sell point for Shiba Inu, with 64,320 addresses holding 69.74 trillion SHIB likely to sell at this price. The SHIB price has broken through its major support level.</strong></p><h2 id="header-0"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">CHIKA MOJI New Memecoin Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7b9385359b7f4acbae4583685430f9a9.png" /><p></p><p>As the broader cryptocurrency market faces a correction, meme coins like Shiba Inu and other altcoins are under strong selling pressure. In the last 24 hours, the price of Shiba Inu (SHIB) has dropped by 5.4% to $0.00002404, bringing its market cap to $14.17 billion. Additionally, daily trading volumes have soared by 100%, exceeding $840 million.</p><h3 id="whale-accumulation-of-shiba-inu-remains-strong-amid-market-correction">Whale Accumulation of Shiba Inu Remains Strong Amid Market Correction</h3><p>Although the broader <u>market correction has put some selling pressure on Shiba Inu</u>, whale accumulation has remained strong throughout. According to a recent update by Lookonchain, nine wallets, including two belonging to whales, collectively pooled $35.2 million to acquire an impressive 1.35 trillion Shiba Inu tokens.</p><h2 id="header-2"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">CHIKA MOJI New Memecoin Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p>The update also noted that four of the investors used portions of their <u>Ethereum portfolios to purchase Shiba Inu tokens</u>. Their entry points varied, with some buying SHIB at a low of $0.00002557 and others at a peak of $0.00002620. The average purchase price, however, settled at $0.00002596.</p><p>In a prior update, Lookonchain reported on the activity of a notable Shiba Inu whale who invested $18.44 million in SHIB. On June 5, this whale exchanged 4,849 ETH tokens to acquire 715.9 billion Shiba Inu tokens.</p><h3 id="0-000026-threshold-a-major-sell-wall-for-shiba-inu">$0.000026 Threshold: A Major Sell Wall for Shiba Inu</h3><p>According to data from IntoTheBlock, the $0.000026 threshold represents a significant sell wall that impedes Shiba Inu’s rise. At this level, 64,320 addresses collectively acquired 69.74 trillion SHIB tokens at an average price of $0.000026. Whenever Shiba Inu approaches this price, these addresses tend to sell off their holdings, increasing selling pressure.</p><p><u><strong>Also Read: </strong>  Three Ways Shiba Inu Could Reach Above $0.0001</u></p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3dae8d45dc484fb7bfbee862cf110e96.png" /></p><p>Courtesy: IntoTheBlock</p><p>This heightened selling pressure often leads to a price correction, as seen in the latest market movement. As a result, <u>SHIB has retraced most of the gains</u> from its recent rally and fallen below the $0.000026 level.</p><h2 id="header-3"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">CHIKA MOJI New Memecoin Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p><p><strong>#SHIB </strong> <strong>#Shibainu </strong> <strong>#Bitcoin</strong></p><p><strong>#GME </strong> <strong>#Trump </strong> $SHIB  $BTC  $ETH</p>

Shiba Inu Price Drops 5% But Big Investors Buy Up SHIB

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