u.today
A mixed but instructive picture is painted by Shiba Inu's recent price performance. $SHIB has entered a sharp correction after failing to maintain a breakout above the resistance level of $0.00001447. It is currently hovering around $0.0000126 and is in danger of breaking through the 50-day moving average. Technical indicators indicate more downward pressure, and a move toward the $0.000011 support zone appears likely if bulls do not intervene quickly.
Structural $SHIB shift
Beyond the fluctuations in price, however, a more profound and structural shift is taking place — one that essentially changes the way $SHIB functions as a market asset. Nearly 80% of all $SHIB is currently held by long-term investors, as indicated by data from IntoTheBlock (wallets holding for more than a year). For a token that first prospered on speculative hype and transient rallies, this is a startling evolution.
In contrast to the more than 10% decline in short-term traders over the past year, the proportion of holders with one year or more has remained stable and is even increasing. This sustained dominance brings stability, which $SHIB has not had in the past. Violent downward swings are less common when the majority of tokens are locked up in long-duration addresses, which reduces the likelihood of large-scale dumping.
Is it that good?
It also increases resilience in times of market volatility, when 80% of the supply is dormant. $SHIB just cannot move as easily. This shows that new capital and speculative interest in the $SHIB ecosystem are slowing down. There is less buying pressure during rallies when there are fewer short-term players, which may account for the poor follow-through following recent gains.
Shiba Inu is essentially going through a transitional stage. It is evolving into a passive long-term asset for many people, not just a meme-driven gamble. Because of this, it may be less explosive but also more dependable. The days of traders experiencing 100% daily spikes might be over. Long-term holders are beginning to see it less as a moonshot and more as a silent wager on societal conviction and slow adoption.