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According to IntoTheBlock’s Breakeven Price Indicator, Shiba Inu (SHIB) is approaching a huge barrier of 627 billion SHIB.
The Break Even Price indicator examines the realized profits and losses for the addresses that currently hold the cryptoasset, in this case SHIB, based on on-chain data.
Looking at the Shiba Inu breakeven price chart, there is a large red cluster near where Shiba Inu is currently trading; in fact, it is the largest in this category, which represents addresses with realized losses.
This is where 468,690 Shiba Inu addresses purchased a whopping 627.45 billion SHIB at a price range of $0.000009 and $0.000027, with an average price of $0.000015.
In this scenario, this implies that over 468,000 Shiba Inu addresses would need their SHIB tokens to increase to an average price of $0.000015 to break even.
At the time of writing, SHIB was up 3.84% in the last 24 hours to $0.0000088, according to data from CoinMarketCap.
The latest events of Shiba Inu
ShibarioShiba Inu’s layer 2 solution has been integrated into Atomic Wallet, a decentralized non-custodial wallet.
The news was announced in an X publication, with the team stating that the integration will give its five million users access to the Shiba Inu blockchain.
Following the Shibarium integration, Atomic Wallet now supports all tokens in the Shiba Inu ecosystem, including SHIB, LEASH, the Shiba Inu governance token, and the Shibarium gas token, BONE.
According to a new announcement, crypto company Bakkt appears to return to digital asset custody as its core business.
Bakkt will add six new tokens, including Shiba Inu, to its custody support, in addition to Bitcoin and Ethereum. In early 2024, the company aims to add more coins to its custody services.
