A possible route for the meme coin to recapture the elusive $0.00001 mark has been revealed by new on-chain statistics, which might cause a stir in the Shiba Inu (SHIB) market. IntoTheBlock’s observations indicate that tackling the concentration of SHIB liquidity at particular price levels is crucial.
According to the most recent statistics, there are presently 5,640 addresses with an astounding $3.27 trillion SHIB tokens clustered around the $0.000009 price point. These tokens are remarkably stable at breakeven for their individual holders, demonstrating a vital degree of community support for the Shiba Inu breed.
But there’s a problem: there are 47 trillion Shiba Inu tokens, and they’re concentrated at a little higher price—exactly $0.00001 per SHIB. Sadly, the 28,930 holders are currently experiencing losses as a result of this concentration. This significant volume, which is expected to flood the market as soon as the price hits this crucial level, must be absorbed by SHIB in order for it to rise over the desired $0.00001 barrier.
In order to remove a zero from the Shiba Inu’s price, this calculated move requires that the selling pressure from this concentrated volume be absorbed and neutralised. Not only would this plan’s effective implementation push SHIB over the desired threshold, but it may also open the door for long-term growth.
Reviving hope in the SHIB market, the deliberate absorption of token volume may provide the impetus required to propel Shiba Inu towards the desired milestone.
