Usman Salis
Shiba Inu (SHIB) faces selling pressure but massive holder concentration around $0.000011 suggests the meme coin won't add another zero.
Shiba Inu (SHIB) is getting hammered in Tuesday's trading session as crypto investors cash out after the weekend's solid run. The dog-themed token is following Bitcoin's lead, with BTC dropping from Monday's record $123,000 high to below $117,000 after one of its biggest profit-taking events recently.
SHIB is currently down 5.8% over 24 hours, trading at $0.00001296. The token hit a six-week high of $0.00001416 on Monday before running into resistance. While a 6% drop might look scary, it's actually brought SHIB to a crucial support zone that's packed with holders ready to defend it.
Shiba Inu (SHIB) Price Gets Massive Support from 99 Trillion Token Wall
Here's the interesting part - IntoTheBlock data shows that 99.75 trillion SHIB tokens are held by 325,430 addresses at an average price of $0.000011. That's a massive wall of support sitting right where SHIB needs it most.
Since the current price is still above this level, these holders are likely to dig in and prevent further drops. Nobody wants to see their bags go red, especially when they're sitting on this much SHIB. This creates a natural floor that should help stabilize the price.
SHIB Price Outlook: No Extra Zero in Sight
The strong holder presence around $0.000011 suggests SHIB could either bounce from here or move sideways for a while. If the broader market mood improves and SHIB holds these levels, the token should keep that extra zero off its price - something that's been working well since the start of 2025.
The $0.00001 level has been rock solid this year, which is crucial for maintaining confidence. Adding zeros to crypto prices is never a good look, and SHIB has successfully avoided that fate so far. With 99 trillion tokens acting as a buffer, there's good reason to believe this support will hold.
Usman Salis
