• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shiba Inu Growth Obstacles: Key Reasons

user avatar

by Giorgi Kostiuk

8 months ago

Despite positive market trends, Shiba Inu's price has decreased by 55% since December. Blockchain data analysis may help uncover the reasons behind this situation.

Recent Trends in Shiba Inu

The Shiba Inu token (SHIB) has significantly declined since December, reaching almost yearly lows and showing no signs of recovery even during overall market positivity.

Blockchain Data Analysis

According to IntoTheBlock, 46,240 addresses accumulated 549.56 trillion Shiba Inu tokens in the $0.000014 - $0.000019 range. These tokens are underwater as the current price stands at $0.0000135.

Impact of Token Burning

Out of the total 549.56 trillion tokens, about 410.43 trillion are in the burn address used by Vitalik Buterin in 2021, indicating that a significant portion of tokens acts as market resistance.

The analysis of the Shiba Inu situation highlights the importance of understanding blockchain's role in evaluating market movements. Current resistance complicates the cryptocurrency's growth.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Market Volatility on the Rise

chest

As we move into November, analysts are observing a rise in volatility within the cryptocurrency market, with significant movements potentially on the horizon.

user avatarEmily Carter

ChatGPT Introduces New Features and Surpasses 800 Million Users

chest

In 2025, ChatGPT rolled out new features, including mental health support and e-commerce partnerships, enhancing user experience and surpassing 800 million weekly active users.

user avatarTomas Novak

OpenAI Forms Key Partnerships and Launches Innovations

chest

In 2024, OpenAI has made significant strides by collaborating with Apple for its generative AI offering and releasing advanced models like GPT4o and Sora.

user avatarMaya Lundqvist

ChatGPT Revolutionizes Productivity in Tech World

chest

ChatGPT has transformed productivity in the tech industry since its launch in November 2022, with 300 million weekly active users.

user avatarKaterina Papadopoulou

Jeff Hoffman Appointed Chairman of Staynexcom to Revolutionize Travel Loyalty Programs

chest

Jeff Hoffman has been appointed as Chairman of Staynexcom to integrate blockchain and AI technologies in the travel sector, aiming to transform travel loyalty experiences.

user avatarLeo van der Veen

Asian Midcaps Lead Major Bitcoin Acquisition Strategies

chest

Asian midcap companies, including Japan's Metaplanet and Korea's Bitplanet, are intensifying their Bitcoin acquisition strategies in 2025 to absorb a significant portion of new BTC supply, potentially tightening market liquidity.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.