CandleFocus 19 Trillion Shiba Inu (SHIB) Cluster: Here's What It Implies
2024-09-24
Author: Content Editor
The cryptocurrency Shiba Inu (SHIB) is approaching a pivotal moment in its market activity as a cluster of addresses hold a significant amount of the token's total supply. Currently trading at around $0.000014, 65.5% of active addresses are holding SHIB at or close to its current price. This cluster represents a sizable portion of SHIB holders who are not significantly losing or profiting. About 22.48% of addresses are profitable at the current prices, making up roughly 12% of the total SHIB held. Despite its consolidation, SHIB's transaction volume has decreased, indicating that major players are not yet actively trading the token. The concentration of addresses at breakeven levels suggests a critical juncture for the price, with a breakout or breakdown depending on market catalysts.
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