In an amazing turn of events, the price of the Shiba Inu token, SHIB, has skyrocketed, causing an astounding amount of tokens to finally reach their break-even threshold. According to recent market data analysis by IntoTheBlock, over a trillion SHIB have directly recovered their original value as a result of the most recent price movement.
Earlier today, SHIB broke past a key resistance level at $0.000007, causing a surprising 4.6% gain in just 30 minutes. This extraordinary price movement was the consequence. This development comes amid a broader upswing in the price of the Shiba Inu coin, which dropped by $0.0000054 only one week ago.
More than 1 trillion SHIB tokens have changed from losses to gains as a result of this major breakout, demonstrating the size of the surge. The price of SHIB has increased by an astonishing 34% since last week’s fall, bringing 18.58 trillion SHIB tokens into the black. Surprisingly, this spike represents a significant 40.9% of all Shiba Inu tokens that are “profitable” and now in circulation.
Many people are keenly monitoring to see if this unusual price action will continue given the present positive momentum behind Shiba Inu. Owners of SHIB tokens, many of whom have been patiently waiting for a reversal after witnessing protracted periods of loss, are now more upbeat as a result of this mini-rally.
