99 Trillion Reasons for Shiba Inu Not To Add Zero Despite Price Drop
2025-07-15 14:45:01
Main Idea
Shiba Inu (SHIB) price dropped 6% amid market profit-taking, but strong demand zones and accumulation by holders may prevent further decline.
Key Points
1. Shiba Inu (SHIB) price fell 6% in early Tuesday trading as the crypto market saw profit-taking after a weekend rise.
2. SHIB's price movement mirrored Bitcoin's, which dropped from a record high of $123,000 to below $117,000 (a 5% decline).
3. At press time, SHIB was trading at $0.00001296, down 5.8% in 24 hours, after briefly reaching a six-week high of $0.00001416.
4. IntoTheBlock data shows 325,430 addresses accumulated 99.75 trillion SHIB at an average cost of $0.000011, forming a critical demand zone to prevent further price drops.
5. Since the start of 2025, SHIB has maintained its price above $0.00001, avoiding an additional zero in its valuation.
Description
Shiba Inu price down 6%
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