The Shiba Inu token (SHIB) is currently trading at around $0.000012. This price holds significance due to the volumes locked across multiple wallets that influence the token's stability.
Current Price and Volumes
According to IntoTheBlock, 12.61 trillion SHIB are locked across over 56,000 wallets. This significant amount creates a kind of 'pressure' that keeps the token's price from dropping. Nearly 90% of addresses are in the red, but this 1.29% of total supply is substantial enough to maintain price stability.
Historical Price Levels
The price range from $0.000011 to $0.000012 represents a historically significant level that repeatedly appeared on charts in March and April. This level has influenced recovery attempts and slow price declines.
Future of Shiba Inu Token
Should the token move into five-zero territory, it would shift not just the chart but overall market sentiment. It would lead to the reassessment of psychological anchors and could open new downside potentials. For now, 12.61 trillion SHIB keeps the price from falling significantly.
In conclusion, the current price of Shiba Inu at $0.000012 is maintained by significant volumes held in wallets. The token's future will depend on how investors react to the current market conditions.
