Trillions Of Shiba Inu Tokens Hit Break-Even As Meme Coin Price Soars 11%

Shiba Inu (SHIB) has experienced a significant increase in price, bringing relief to token holders. Over a trillion SHIB tokens have now surpassed their break-even point, attracting the attention of investors and crypto enthusiasts.

Shiba Inu Price Rally And Break-Even Output

According to CoinMarketCap, SHIB is currently valued at $0.000007206 and has sustained an 8.7% rally in the last seven days. The recent price movements have sparked interest in the potential of this meme coin.

Trillions Of Shiba Inu Tokens Hit Break-Even As Meme Coin Price Soars 11%

Source: CoinMarketCap

A recent report on SHIB price reveals that more than a trillion SHIB tokens have transitioned from losses to profits, highlighting the magnitude of the ongoing rally.

1687174656 650 Trillions Of Shiba Inu Tokens Hit Break Even As Meme Coin-Bitrabo

Source: IntoTheBlock

In the past week, there has been a remarkable 12.4% price surge, resulting in 18.58 trillion SHIB tokens becoming profitable. This surge represents 40.9% of all circulating Shiba Inu tokens.

Investors and enthusiasts are eager to understand the factors driving SHIB’s success and whether this upward trend can be sustained.

1687174656 287 Trillions Of Shiba Inu Tokens Hit Break Even As Meme Coin-Bitrabo

SHIB price movement in the weekly timeframe. Source: CoinMarketCap.

Meme Coin’s Resilience Amidst Regulatory Pressure

While the broader cryptocurrency market faces regulatory pressure, Shiba Inu has remained relatively unaffected. Despite increased government oversight and restrictions on crypto exchanges, SHIB has shown resilience.

Despite the market’s volatility, SHIB has gathered a dedicated community of supporters who believe in its long-term prospects. Its association with Dogecoin and its active online community have contributed to its resilience and buoyed investor sentiment.

Featured image from Pexels

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