459 Trillion SHIB in Holding: A Potential Breakout for Shiba Inu?

Shiba Inu (SHIB) is poised for a significant move, as evidenced by on-chain data indicating a large accumulation of tokens within a specific price range. IntoTheBlock’s Global In/Out of Money indicator reveals that over 459 trillion SHIB were previously held by 47,780 addresses at an average cost basis of $0.000018, primarily between $0.000017 and $0.000019. This suggests a substantial portion of the SHIB investor base is closely watching this price zone for potential gains. 459 trillion SHIB held in this range signifies that a significant group of investors are anticipating price movement in this region.