🐕 SHIB Eyes the Moon — Bulls Aim for Historic Breakout On-
koinmilyoner
Updated at: 5 hours ago
{"content":"🐕 SHIB Eyes the Moon — Bulls Aim for Historic Breakout
On-chain data suggests Shiba Inu diamond holders are clinging onto their coins despite the joke coin's recent underperformance. SHIB bulls are eyeing a fresh ATH of $0.00009 for the meme currency.
Over the last month, Glassnode data showed Shiba Inu's holder retention rate rising to 96%. The indicator measures the proportion of addresses with SHIB in the last 30 days. An increase means holders aren't selling but acquiring currency.
Santiment data shows investors are still buying Shiba Inu despite SHIB's underperformance. SHIB ownership have increased to 1.53 million despite the price downturn. The meme currency is trying to stay above $0.000010.
The decline in Shiba Inu whale ownership hurts SHIB. Santiment data suggests these whales have sold their meme coins despite its underperformance. Whales have 10 million coins or more. Over 98% of meme currency supply is theirs.
This also explains why currency inflows have exceeded outflows, indicating greater supply than demand. On September 5, 73.73 billion SHIB were exchanged and 46.25 billion coins were out. Whales sell their coins and stay out of the downturn, keeping exchange supply sideways.
SHIB Bulls Want ATH
Despite its underperformance this year, Shiba Inu bulls want a new record high for the meme currency. The SHIB price might climb above 500%, bringing it near to its ATH of $0.00008845,
The crypto expert said that this may be the beginning. If the Shiba Inu price holds well broken out of an earlier structure, the 163% increase might be part of an almost 570% run to $0.000081.
#SHIB #MarketPullback #BTCvsETH #AltcoinBreakout #TrumpFamilyCrypto $SHIB $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/06/95f7b253298449d5ae92c5bfe009f560.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}