Critical support for Shiba Inu has been identified ($SHIB ), which may have far-reaching implications for this coin's price outlook. Data from Into,,The,,Block indicates that 43.8 trillion Shiba has been acquired from 222,450 addresses at a price of $0.000011, forming strong support.

Most Shiba holders are in the red

According to Coin,,Market,,Cap data, Shiba Inu is currently trading at $0.00001153, which is 0.00053 cents away from the acquisition price at which these addresses bought their coins $SHIB . This indicates that many Shiba holders are closely monitoring price movements.

If the value of Shiba Inu declines further, it could lead to selling pressure on the dog-themed coin. These addresses may liquidate their assets if the price drops further to avoid losses.

According to data from Into,,The,,Block, this development is exacerbated by the current expectations for the Shiba Inu ecosystem. Only 10%, or $8.04 trillion of shares $SHIB

With a value of $1.13 billion, it is "in the money", indicating that most investors are already suffering losses.

An additional price drop could lead to a widespread sell-off of Shiba Inu in the meme coin market.

At the same time, 871.61 trillion Shiba Inu, valued at around $10.01 billion, which equals 88.88%, is considered "out of the price range". The remaining 11.06 trillion Shiba Inu, equivalent to 1.13%, is "within the price range."

Do whale flows and consumption rates alleviate the impact of this decline? #SHIBUSDT

The current situation indicates that Shiba Inu needs support from the ecosystem to stimulate price recovery. For instance, large transaction volume has decreased by about 88%.

However, if whales continue to accumulate, it could support price recovery and prevent Shiba Inu from further decline.

Interestingly, U.To, day reported a 6306% increase in whale flows, the highest level in six months. The activities of Shiba Inu whales and the increase in consumption rate may help reverse the downward trend in the meme coin's price.

The next few days may reveal Shiba Inu's standing in the broader cryptocurrency market.