In a move set to shake up the Shiba Inu (SHIB) market, recent on-chain data reveals a potential path for the meme coin to regain the elusive $0.00001 mark. According to IntoTheBlock’s insights, the key is to address the concentration of SHIB liquidity at specific price levels.
According to the latest data, a staggering $3.27 trillion in SHIB tokens are currently concentrated around the price of $0.000009 across 5,640 addresses. Surprisingly, these tokens are holding steady at breakeven for their respective holders, demonstrating a critical level of support for the Shiba Inu community.

However, a challenge emerges with a significant volume of 47 trillion Shiba Inu tokens concentrated at a slightly higher level, namely at $0.00001 per SHIB. Unfortunately, this concentration is proving harmful, currently causing losses for its 28,930 holders. For SHIB to rise above the coveted $0.00001 mark, it must absorb this substantial volume that threatens to flood the market as the price approaches this critical level.

This strategic move to reduce the price of Shiba Inu to zero depends on absorbing and neutralizing the selling pressure resulting from this concentrated volume. Successful implementation of this plan would not only elevate SHIB above its desired level, but potentially pave the way for sustained growth.
The strategic absorption of token volume could serve as the catalyst needed to guide Shiba Inu towards the coveted milestone, injecting renewed optimism into the SHIB market.