A significant amount of Shiba Inu tokens is centered at the $0.000011 level, indicating its potential importance for price stability.
Widespread Unrealized Losses Among SHIB Holders
According to CoinMarketCap, SHIB is currently priced around $0.00001154, slightly above the average entry price for many investors. As the price hovers near this support level, many holders are watching for movements to decide whether to hold or exit their positions.
Blockchain intelligence platform IntoTheBlock reports that only 10% of SHIB in circulation, approximately 8.04 trillion tokens valued at around $1.13 billion, is currently in profit. Meanwhile, 88.88% of holdings, or 871.61 trillion tokens valued at about $10 billion, are at a loss. An additional 11.06 trillion SHIB (1.13%) are at breakeven.
This suggests that a significant majority of holders are underwater, which may increase the likelihood of mass selling should the price drop below the $0.000011 threshold. A decline beyond this point could trigger widespread liquidation among holders trying to limit losses, adding downward pressure on the market.
Reduced Network Activity May Delay Recovery
Another notable factor is the decline in SHIB’s large transaction volume, which has reportedly fallen by roughly 88%. This drop in major transaction activity suggests a temporary slowdown in investor confidence or interest in significant trading activity.
However, not all indicators point to bearish momentum. Recent on-chain metrics have shown a surge in whale activity, with SHIB seeing a 6,306% increase in whale inflows, marking the highest level of large transactions in the past six months. This spike suggests that large holders may be accumulating again, possibly in anticipation of a rebound or ecosystem-related developments.
Can Whale Activity and SHIB Burns Offset Bearish Trends?
The outlook for SHIB could improve if whale accumulation continues and is accompanied by strategic reductions in token supply through burns. Burn events reduce the overall token supply, potentially strengthening the price if matched by demand. However, the effectiveness of this strategy depends on sustained engagement and coordinated actions within the ecosystem.
The $0.000011 support level, backed by 222,450 addresses holding 43.8 trillion SHIB, plays a central role in SHIB’s short-term stability. While the majority of holders remain at a loss, increased whale activity and potential supply reductions may help offset bearish sentiment.
That said, if the price dips below the identified support level, a sharp sell-off could occur. SHIB’s performance in the coming days will likely depend on whether this support level can be maintained and whether broader market confidence returns.
Despite the current pressure from losses among most holders, whale activity and token burns may positively influence Shiba Inu's price if managed effectively.
