SHIB Price at $0.00001158 as 129T Tokens Sit in 45 Wallets
The post SHIB Price at $0.00001158 as 129T Tokens Sit in 45 Wallets appeared on BitcoinEthereumNews.com.
Key Points: 129 trillion SHIB tokens are held by just 45 addresses, raising questions about supply control. SHIB trades in a narrow range, showing low volatility as market sentiment remains cautious. Analysts watch $6.7B support and $10B resistance for SHIB’s next major price move. SHIB Price at $0.00001158 as 129T Tokens Sit in 45 Wallets Shiba Inu (SHIB) was trading at $0.00001158 at press time, showing a 0.35% decline in the past 24 hours and an 8.31% decrease over the past week. The SHIB price has remained within a narrow range between $0.00001142 and $0.00001229, indicating a period of low volatility and indecision in the market. Daily trading volume stands at $127.4 million, showing active interest despite the short-term decline. The recent downtrend reflects a broader trend in SHIB, which has shown lower highs and lower lows over the past several weeks. 129 Trillion SHIB Held in Just 45 Wallets Recent data from IntoTheBlock reveals that 128.99 trillion SHIB tokens—nearly 129 trillion—are currently held by only 45 addresses. These addresses are classified under the “investors” category, referring to wallets that hold between 0.1% and 1% of SHIB’s total circulating supply. This classification does not include the largest whales, who hold over 1%. SHIB’s total supply exceeds 589 trillion tokens, so the fact that over 20% is concentrated in just 45 addresses raises questions about distribution. These addresses could include cold wallets of centralized exchanges, smart contracts tied to the Shiba Inu ecosystem, or large private holders. However, ownership indicators do not distinguish between exchange-held assets and individual holdings, making the exact breakdown unclear. Key Support and Resistance Levels in Focus Technical analysts have identified important price zones based on SHIB’s market cap. The support zone lies around a $6.7 billion market cap, a level that previously held during sell-offs, including…
