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Shiba Inu (SHIB) investors continue to grow their holdings despite ongoing market volatility. According to blockchain analytics platform IntoTheBlock, mid-sized investors—those holding between 0.1% and 1% of the total supply—have accumulated a staggering 7.63 trillion SHIB over the past month. As of January 20, this group controls 155.97 trillion SHIB, equivalent to 15.07% of the total supply.
Price Movements and Recent Gains
At the time of writing, Shiba Inu’s price, according to CoinGecko, has dipped below the critical $0.00002 level this week. On Thursday, SHIB lost this support level, but it rebounded within the past 24 hours, gaining 1.55% to trade at $0.00002026. Despite this short-term increase, the token has experienced an 11.11% decline over the past week.
Long-Term Outlook and Investor Confidence
The continued accumulation by mid-sized holders underscores growing confidence in Shiba Inu’s long-term potential. The target of 7.63 trillion SHIB highlights a clear strategy among these investors, aligning with broader adoption and use-case developments in the Shiba Inu ecosystem. Platforms like Turkish NY Radio have been instrumental in bringing such updates to the cryptocurrency community.
As Shiba Inu navigates through both bullish and bearish cycles, its investors remain focused on the token’s prospects for 2025 and beyond. Whether SHIB can reclaim and sustain critical price levels will be a key factor to watch in the coming months.
