SHIB’s Trillion-Dollar Dilemma: Can It Really Delete a Zero? 🤔💰

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Ah, the Shiba Inu (SHIB), a creature not just of fur and mischief, but of a price ceiling that resembles a wall built by a particularly ambitious giant. Currently, it sits at a staggering $0.000015, which, if it were a ladder, would still leave you a few rungs short of the $0.0001 milestone needed to perform the magical act of deleting a zero. 🪄✨

To reach that lofty height, a record-breaking rally would be required. Yes, dear reader, not just any old rally, but one that would make even the most seasoned of crypto enthusiasts raise an eyebrow and say, “Well, that’s a bit optimistic, isn’t it?” SHIB would need to surpass its previous peak of $0.00008845, which it reached back in the halcyon days of October 2021, and then keep on climbing like a squirrel on a caffeine high.

But wait! The price itself is not the only conundrum. Oh no, there lies a veritable mountain of out-of-the-money SHIB worth a staggering 532.45 trillion, purchased between $0.000015 and $0.000019. It’s like trying to climb Everest with a backpack full of bricks. 🏔️

Pressure Point

This is not merely a price range; it is a pressure point, a veritable bottleneck of despair. Spread across over 125,000 addresses, this volume acts as a barrier, and the holders are likely waiting to break even before they decide to take any action. It’s like watching a group of people at a buffet, all waiting for the right moment to pounce on the last slice of cake. 🎂

Now, if we zoom out further (and I do mean further, like a telescope aimed at the moon), we find that there are currently over 794.41 trillion SHIB, worth around $11.53 billion, languishing at a loss. Add to that another 30.25 trillion SHIB, worth $439.06 million, at breakeven, and the picture becomes as clear as mud: the market must pull a massive amount of dormant supply back into profit territory to even think about deleting a zero. Every upward tick increases the likelihood that some of it will hit the market, like a piñata at a particularly chaotic birthday party. 🎉

Some relief comes from the fact that about 410.43 trillion SHIB — nearly 41% of the total supply — is locked in burn addresses and permanently out of circulation. While this takes some pressure off, it still hasn’t been enough to flip the supply-demand balance in favor of our furry friend, Shiba Inu.

Ultimately, the path to $0.0001 is not just about momentum or market hype. The real question is whether the market can overcome one of the largest overhead barriers on any major crypto chart today. Without the supply being unlocked and absorbed, erasing a zero may remain just out of reach for this meme coin, like a cat trying to catch its own tail. 🐱

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2025-05-21 17:40