Update
Shiba Inu (SHIB) Faces Zero Deletion Scenario
Shiba Inu (SHIB) is attempting to restart its growth by erasing a zero from its price and increasing its market capitalization to $7 billion. After a strong third-quarter surge (+39.3%), the token has entered a correction phase with a current market capitalization of $3.05 billion and a price around $0.00000516. The plan to remove the zero has been paused, and the market now depends on a clear signal above the 23-week moving average (green line) to resume growth. The current price has fallen below this level, with the next support at $0.00000500, keeping the market capitalization near the $3 billion support. If large buyers step up and push the price above the green line, SHIB will return to growth. If not, the coin risks sliding to summer lows. The market is currently in the hands of a narrow club of large wallets, with 94.6% of all SHIB coins controlled by 798 large wallets, including 310 millionaires who are not selling their coins.