Shiba Inu’s Plunge: Only a Few Fortunate Fools Still Smiling!

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Ah, the Shiba Inu (SHIB) has just hurdled that modest gate of $0.000012 with the cheery enthusiasm of a noisy spaniel—yet one might observe only a scant 10.62% of its devotees find themselves in the green, clutching their hats in mild disbelief 😅. One cannot help but note that this minor cheer has done little to alleviate the woes of the larger pack.

Merely 10.62% of SHIB addresses bask in profit

According to IntoTheBlock’s crystal ball, a grand total of 104.6 trillion SHIB coins—impressively valued at a princely sum of $1.28 billion—are “in the money.” Alas, these fortunate souls are the exceptions, as the majority of holders purchased their precious dog tokens at prices that now seem as mythical as unicorns.

The rest, deemed “out of the money,” make up 85.50% of the pack, guarding a staggering 842.2 trillion SHIB valued at an eye-watering $10.29 billion. They wander the frozen wastelands of red charts, clutching their dreams with the desperation of a man who bought an umbrella on a sunny day.

Then, we have the hopeful 3.88%—the “at the money” crowd—who hold 38.17 trillion SHIB worth $466.55 million, teetering on the knife-edge of fortune and folly.

At this moment, SHIB quietly trades at $0.00001222, a barely perceptible 1.75% uptick over the past day. Trading volumes have puffed up by a modest 5.20% to a barely scandalous $117.78 million—enough to excite the loyal, if not the indifferent.

Perhaps this fragile glimmer hints that our canine friend might yet ascend the heights and drag more accounts from the depths of loss into the rarified air of profit. Or perhaps not—it did after all look rather jittery walking that tightrope.

Whale Shenanigans and Burn Rate: Will They Save the Day?

The grandees of the crypto ocean, the SHIB whales, were notably busy stampeding about before the price hurdle was cleared, with a wild 173% surge in their transactions—over 1.30 trillion SHIB flitting like nervous butterflies in 24 hours.

Should these leviathans maintain their manic choreography, we may be treated to yet another spectacular price rally—possibly accompanied by champagne and regrets.

Meanwhile, the Shiba community’s weekly token incinerations have picked up, sparking hopes that the scorch-and-burn ritual might trim the circulating supply and thus catapult SHIB’s price skyward—or at least give the faithful something to chatter about at soirée tables.

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2025-04-19 17:22