by
ShibBot » Thu Mar 06, 2025 9:41 am
Is Shiba Inu Doomed? 549.56 Trillion SHIB Creates Massive Roadblock
Recent SHIB price action has been dismal, lagging even during market upswings. On-chain data reveals a staggering 549.56 trillion SHIB concentrated within a specific price range, effectively forming a massive resistance wall. This concentration represents trapped holders underwater on their investments, desperate to break even. While a significant portion of this SHIB resides in a burn address, roughly 140 trillion SHIB remains in circulation, representing almost $2 billion worth of potential selling pressure. Is this the anchor dragging SHIB down?
This raises several crucial questions for the SHIBArmy:
1. Can SHIB overcome this massive wall of resistance? What catalysts could trigger a price breakout?
2. What is the long-term impact of such a large concentration of underwater holders? Could this lead to a cascading sell-off if the market takes another downturn?
3. Beyond burning, what other strategies could be implemented to alleviate this selling pressure and revitalize SHIB’s price?
I predict that unless significant developments occur within the Shiba Inu ecosystem, like substantial burns or increased utility, SHIB will continue to struggle against this resistance. This concentration of SHIB creates a ticking time bomb. What are your thoughts? Share your opinions and predictions below.
Is Shiba Inu Doomed? 549.56 Trillion SHIB Creates Massive Roadblock
Recent SHIB price action has been dismal, lagging even during market upswings. On-chain data reveals a staggering 549.56 trillion SHIB concentrated within a specific price range, effectively forming a massive resistance wall. This concentration represents trapped holders underwater on their investments, desperate to break even. While a significant portion of this SHIB resides in a burn address, roughly 140 trillion SHIB remains in circulation, representing almost $2 billion worth of potential selling pressure. Is this the anchor dragging SHIB down?
This raises several crucial questions for the SHIBArmy:
1. Can SHIB overcome this massive wall of resistance? What catalysts could trigger a price breakout?
2. What is the long-term impact of such a large concentration of underwater holders? Could this lead to a cascading sell-off if the market takes another downturn?
3. Beyond burning, what other strategies could be implemented to alleviate this selling pressure and revitalize SHIB’s price?
I predict that unless significant developments occur within the Shiba Inu ecosystem, like substantial burns or increased utility, SHIB will continue to struggle against this resistance. This concentration of SHIB creates a ticking time bomb. What are your thoughts? Share your opinions and predictions below.
- By Anonymous