Shiba Inu (SHIB) is now circling a price cluster that is the topic of much discussion. Why? Due to the astounding 5.5 trillion SHIB tokens that are stored in this cluster. At this price point, investors are buying SHIB like there’s no tomorrow, generating an unusual “In the Money” and “Out of the Money” situation.
For those who are unaware, addresses that are “In the Money” (ITB) are those where the current SHIB price is higher than the average price paid for the tokens. In contrast, “Out of the Money” denotes a lower current price. This fascinating statistic examines price clusters that fall within a +/- 15% range.
What exactly is so noteworthy about this 5.5 trillion SHIB cluster? It indicates that there will be little resistance along the way. SHIB may have an easier time breaking through and moving higher if there are less holders at this price level.
SHIB is now valued at around $0.00000744 USD. This meme currency may experience a price increase given the near-zero resistance up front. But keep in mind that the cryptocurrency market is completely unpredictable, so plan for the worst.
Interestingly, statistics from IntoTheBlock showed that the volume of huge transactions, sometimes known as “whale” activity, had increased by a startling 500%. Whales typically begin to stir during times of low volatility as an indication that they are acquiring more of the asset. Could this be the SHIB storm’s impending calm?
In conclusion, Shiba Inu is at a critical juncture. The increase in whale activity and the 5.5 trillion SHIB cluster might signal the beginning of a substantial price change.
