Shiba Inu (SHIB) coin is showing signs of structural strength that a lot of people did not expect at this stage of the market. Looking at the latest on-chain data by IntoTheBlock, there is a whopping 66.3 trillion SHIBs stuck between the $0.000009 and $0.000012 price range.
That level of concentrated positioning is like a shield — and for now, it is a strong sign that SHIB is unlikely to dip below that range.
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The sweet spot is obvious:43.9 trillion SHIB is sitting in the green between $0.000009 and $0.000011, and another 22.4 trillion is currently at breakeven around $0.000011-$0.000012. All of those 66.3 trillion SHIB basically create a floor.
It means hundreds of thousands of addresses are now all lined up in a tight price range, defending a level that is not just psychological but also economically sticky.
Why does this matter?
In crypto, zones with high wallet density tend to create friction. The price does not affect them easily unless a big macro or technical shock forces it.
Thus, while the market is still a bit volatile, SHIB's current holders are in a zone where it is more likely to go up than down, unless something drastic happens with the market.
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The bigger picture still shows thatmost SHIB holders are in the red — nearly 88% — but this new concentration at the lower edge is really important. It puts a limit on how low prices can go before big holders start defending their positions.
It is not a guarantee, but in crypto math, 66.3 trillion SHIB are worth more than words.
