The Shiba Inu token (SHIB) has been performing poorly recently, experiencing a 55% drop since December and trading near its yearly lows. On-chain data reveals that a significant number of SHIB tokens have been accumulated in a specific price range, causing losses for their holders. This includes a substantial amount of tokens held in a burn address by Vitalik Buterin. These accumulated tokens are acting as resistance, putting pressure on the price of SHIB and creating difficulties for holders looking to sell.



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