A fight is happening in the Shiba Inu market right now. On one side, big investors are selling. On the other, the token's community is burning billions of SHIB to make it more valuable. Here's what's going on.
1. Why Old Investors Are Selling
The price of Shiba Inu just went up, which made some of its earliest and biggest investors start selling. Think of it like a long-term investor who has been waiting a year to take their profits. We can see this happening with a special tool that tracks when old coins are moved. This tells us that a lot of selling pressure is coming.
Also, even though the price went up, not many new users are joining the network. This is like a party where the music is loud but no new guests are showing up. It's a sign that the price rally might not be as strong as it seems.
2. The Big Surprise: The Burn Rate is On Fire
But there's a huge thing happening that goes against all the selling. The community is burning billions of SHIB tokens. This means they are permanently destroying them.
Why this is a big deal: Burning tokens makes the remaining ones more valuable because there are fewer of them. A huge burn rate is a very bullish sign for the token's long-term future.
3. The Fight for Control
So, we have a clear fight. On one side, old investors are selling their SHIB. On the other side, the community is destroying tokens to make them more valuable. This has made the price stop moving much.
What to watch: The price is stuck between $0.00001187 (a key support level) and $0.00001408 (a key resistance level).
What happens next? If the price breaks above the higher number, it means the community's efforts won, and the price could go much higher. If it falls below the lower number, it means the selling pressure from big investors won for now.
4. The Final Word
The future of Shiba Inu is being decided by this battle right now. For traders, paying attention to the selling from old investors and the burn rate is more important than the daily price. One of these forces will soon win, and the price will make a big move.
What do YOU think?
Will the massive burn rate cause a rally, or will long-term investors cause a crash? Let us know in the comments!
