Shiba Inu’s Zero-Addiction: A Tale of 99 Trillion Reasons

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🐕‍🦺 Ah, the canine-themed cryptocurrency Shiba Inu (SHIB)! It’s barking down in the early Tuesday session, as the crypto market experiences a bit of profit-taking, with investors locking in gains achieved during the weekend rise. 💰

Shiba Inu is replicating Bitcoin‘s price movement, with the latter falling from Monday’s record high of $123,000 to trade below $117,000, or about 5% below the top, following one of its largest profit-realization occurrences. 📉

At press time, SHIB was down 5.8% in the last 24 hours to $0.00001296. Shiba Inu briefly reached a six-week high of $0.00001416 during Monday’s trading session before encountering resistance. 💸

While a 6% drop in the last 24 hours may appear worrying on the surface, it has brought Shiba Inu to a crucial support zone, one that is fiercely defended by a large number of holders. 🛡️

99 trillion for SHIB, not to add zero

According to IntoTheBlock data, 99.75 trillion SHIB were accumulated by 325,430 addresses at an average cost basis of $0.000011. This makes it one of the largest and most critical demand zones for SHIB, according to on-chain data. 📊

With the current price still above this cost basis, these addresses are likely to hold the line and prevent SHIB from falling further, as dipping below this level would push a significant number of wallets into the red. The strong presence of holders and support near $0.000011 suggests the potential for a bounce or at least sideways consolidation. 📈

If the SHIB price holds current levels and market sentiment improves, SHIB will keep an extra zero off the charts. 🤞 Meanwhile, since the start of 2025, Shiba Inu has sustained without adding an extra zero to its price, as the $0.00001 level has held strong. 🐾

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2025-07-15 17:40