Nearly 11 trillion SHIB swapped in past day as price recovers key level Shibainu $SHIB SHIBCommunity ShibArmy
data, 11 trillion SHIB, or 11,182,405,061,512 SHIB worth $112,678,356, have been swapped within the last 24 hours. Shiba Inu has reclaimed the $0.000010 level after briefly dropping to the $0.0000099 level.
At the time of publication, Shiba Inu was demonstrating a mild increase, up 1.06% at $0.000010. After reaching highs of $0.0000102 on Oct. 23 in a four-day positive move, the SHIB price turned down to trade below this key level once more.Sellers pulled SHIB to lows of $0.0000985 on Oct. 24. Shiba Inu is attempting to form a base at the $0.00000985 level as prices failed to decline beneath this level for the second day, which is today.
Shiba Inu"hodlers," referring to addresses that have held SHIB for more than a year, have displayed growth since the start of 2022, from less than 4% to over 37% of holders.data on holder composition by time held, 37% of SHIB holders have"hodled" their tokens for more than a year, 60% have held within a year and 3% have held onto their tokens for less than a month.
Long-term holders outnumbering short-term spectators might imply a shift in investor focus from a short-term view to a long-term one, which remains positive for Shiba Inu.