news 
Will Shiba Inu Add Zero? 8,470,000,000,000 SHIB Stand Guard
Shiba Inu (SHIB) has been trading in a crucial support zone of $0.000011 to $0.000012, and whether it sustains this level or falls lower might have an impact on its short-term price action.
According to recent data from IntoTheBlock, a massive 8,470,000,000,000 SHIB tokens are held in the current price range. These holdings form a defensive wall against a potential decline to the next lower range at $0.000008 to $0.000011, where an even larger 39.32 trillion SHIB were previously accumulated.
Currently, SHIB is up 1.16% in the last 24 hours to $0.00001138.
Maintaining its current level might pave the way for a rebound, particularly if overall market sentiment improves. However, should SHIB fall below this support range, it could open the door for a possible drop towards $0.000008, which would result in the token adding another zero to its price.
The recent surge in whale-sized wallets indicates that large holders are either entering or expanding their stakes in Shiba Inu.
Source: u.today
