Naoma Swiech O7LK

Shiba Inu (SHIB) has been shining green today, but it is walking straight into a wall — and not a small one. On-chain data by IntoTheBlock shows more than 22.7 trillionSHIB sitting just above the current price, spread across over 49,000 addresses. Let's be honest, that is a lot of potential sell pressure waiting to be triggered.

The current SHIB price is quoted around $0.00001293, and from here up to $0.000015, the map turns red. These are the so-called “out-of-the-money” holders — addresses that bought highs and are now suffering either waiting to break even or minimize their losses.

card

The heaviest cluster? Right at $0.000014.

That is the setup bulls are dealing with now. It is not just about breaking a line on a chart — it is about going through a concentrated stack of tokens from holders who may be looking to exit. And with the largest chunk of resistance sitting just one step above the current range, SHIB does not have much breathing room.

That kind of volume at a known price level gives the market something clear to work with. Either buyers step in with enough strength to absorb it, or the price stalls out — again — and retraces.

Structurally, theShiba Inu coin has been steady. It held support near $0.00001107 and climbed. What it has not done yet is flip any major resistance levels — and $0.000014 is the first major one on that list.

card

So, is this the breakout setup, or just another pause before a reset? With more than 22 trillion tokens potentially standing in the way, the answer will not take long to show up on the chart.

Tether has minted nearly 20B USDT in the last month—a massive acceleration considering it took 8 months to add the same amount earlier this year.
Let’s break down why this is happening and why it might raise some critical questions for the crypto space.
Tether’s Business Model: A Goldmine
Tether’s setup is simple but incredibly effective:
1️⃣ You give them USD.2️⃣ They issue you USDT.3️⃣ They invest your USD in US Treasury bonds yielding 4–5%.4️⃣ They pocket the yield and even add Bitcoin to their balance sheet.
This model generated $1.2B in fees every 90 days, or $4.8B annually. Compare that to BlackRock, which operates in 30 countries with 19,800 employees yet posted just over $2B in operating income for Q3. Tether? It does this with only 150 employees.
The Centralization Dilemma
While Tether’s model is wildly profitable, ignoring the deeper implications is hard. A centralized organization wielding such immense power over the decentralized world of crypto feels… off.
Risk: Tether’s dominance introduces a single point of failure for much of the market.Control: The ability to print billions in stablecoins at will conflicts with the ethos of decentralized finance.Transparency: Despite improving, concerns about Tether’s reserve audits linger.
Rethinking Stablecoins: Time for Change?
The current system enriches Tether, not its users.
While USDT holders see stability, the yield generated from reserves goes straight to Tether’s bottom line—not to the people holding the stablecoin.
The risks associated with Tether’s centralized dominance have sparked the emergence of new approaches to stablecoins.
One notable example is Usual, which recently launched on Binance. Usual aims to address key issues like centralization and transparency by offering a decentralized model that shares returns with users—challenging the traditional stablecoin framework.
Here's a more detailed article about Usual in case you are interested: Fixing Stablecoins and Sharing the Profits: Usual’s Vision for Web3
Final Thoughts
Tether’s model is undeniably lucrative, but its rise highlights the need for innovation in stablecoins that align better with crypto’s foundational principles of decentralization and user empowerment.
Do we need a better stablecoin model? Let’s discuss. 👇