The Shiba Inu ecosystem has witnessed the acquisition of over 102 trillion SHIB at a close price range amid boosted adoption
Shiba Inu (SHIB), the second-biggest memecoin, is currently riding a bullish rally in the broader market. SHIB’s bullish performance is seen in memecoin’s ability to reach the 102 trillion token level.
Investors Scoop 102 Trillion SHIB Tokens
Recent data from IntoTheBlock reveals investors have acquired approximately 102.57 trillion SHIB tokens within the $0.000022 to $0.000024 price range. This range involved 80,900 addresses, with an average acquisition price of $0.000023.
Currently, SHIB trades above this range, precisely at $0.00002423. SHIB’s price has increased steadily since the beginning of 2025. The price of the memecoin reached a high of $0.00002425 earlier today before dropping slightly.
In the last 24 hours, SHIB’s price has increased by 2.2%, with the market cap pegged at $14.34 billion. The daily trading volume increased by 4.05% to $447.98 million, demonstrating investors’ renewed interest.
The latest surge in SHIB’s price comes amid a broader market recovery. Bitcoin (BTC), the world’s leading crypto, has returned to the $100,000 level and trades at $100,893. Altcoins like Ethereum (ETH), Solana (SOL), and XRP are not excluded from the ongoing rally.
Altcoins, more volatile than Bitcoin, often provide more potential for short-term gains, contributing to the current trend. Additionally, the first quarter historically benefits digital assets, which may explain the upbeat feeling at the start of 2025.
What Next for SHIB
With the latest performance, SHIB has overcome that mild resistance. Still, it faces the next key resistance zone between $0.000024 and $0.00003. The IntoTheBlock data shows over 70 trillion SHIB tokens are held by 207,630 addresses, indicating potential obstacles to future upward momentum.
However, Shiba Inu has strong support between $0.000019 and $0.000022 if the price experiences a downtrend. Within this range, approximately 28.77 trillion SHIB tokens are held by 47,250 addresses. This suggests a solid base for the asset should selling pressure increase.
Even though SHIB’s present trajectory seems promising, its ability to maintain momentum will depend on how it navigates resistance zones and sustains investor interest.
Meanwhile, market participants anticipate the launch of the TREAT token will spark more uptrends for SHIB.
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