Shiba Inu (SHIB) Dips to $0.000015 as Market Watches 103 Trillion Token Support Zone
By: thetradable|2025/05/16 04:30:06
0
Share
Shiba Inu has pulled back to $0.000015 amid a broader crypto selloff, with traders now eyeing a critical support level where a massive 103 trillion tokens are concentrated as the popular meme coin cools off after its recent hot streak. SHIB Takes a Hit as Crypto Market Slides Lower Shiba Inu (SHIB) is feeling the pain in Thursday's early trading, dropping alongside pretty much everything else in the crypto space as the market extends the losses that kicked off earlier this week. The popular dog-themed token has slipped nearly 6% over the last 24 hours to trade at $0.000015, after briefly dipping to $0.00001476 earlier in the session. Despite this setback, SHIB is still up a solid 11% for the week – not too shabby considering the broader market conditions. This pullback comes as major cryptos have tumbled more than 5% across the board, with both Bitcoin and Ethereum running into stubborn resistance at key price levels. It looks like traders are cashing in some chips after last week's impressive rally that saw crypto rise alongside other risk assets. The market had been riding high on some positive macro signals and improved investor sentiment, though signs now suggest certain hot sectors are finally cooling down a bit. 103 Trillion SHIB Now in the Spotlight as Key Support Level As Shiba Inu prices retreat, all eyes are turning to a crucial support zone where a whopping 103 trillion SHIB tokens are currently being held, according to on-chain data. Information from IntoTheBlock shared by Sentora shows a significant support range between $0.00008 and $0.000014, where 103.58 trillion SHIB were scooped up by 362,050 different addresses at an average price of $0.000011. This concentration of tokens and holders represents a serious buyer group that might step up to defend this price territory. Given the massive amount of SHIB sitting in this range, traders are watching this area closely as it could provide solid ground for SHIB's price if the current downtrend persists. Bulls seem ready to make a stand at this level, potentially creating a floor that could prevent further slides. SHIB's Hot Streak Cools After Six-Day Climb to $0.0000167 Shiba Inu (SHIB) had been on fire before this recent pullback, rallying hard for six straight days from May 5 through May 10. However, the impressive run eventually hit resistance around the $0.000017 mark, causing SHIB's momentum to fade. Since May 11, the token has posted losses in four out of five trading days, including today's drop. The meme coin briefly touched highs of $0.00001764 on May 12, but this promising move got cut short as the broader crypto market started heading south. The Crypto Fear & Greed Index, which takes the temperature of market sentiment, hit 73 on Wednesday – typically a sign that things are getting overheated – before easing slightly to 70 today. This elevated reading suggests the market probably got a bit ahead of itself during the recent rally, setting the stage for the current pullback. SHIB Traders Feel the Squeeze as $361M Gets Wiped Out in Crypto Derivatives The derivatives market has seen some serious pain over the last 24 hours, with a massive $361 million in positions getting liquidated. Most of these liquidations – about $290 million worth – were long positions held by bullish traders betting on higher prices. Meanwhile, short liquidations totaled around $68.25 million, showing just how brutal the market's downward move has been for overly optimistic traders. Shiba Inu holders weren't spared from this liquidation wave, as the token's fall from Wednesday's high of $0.0000167 has now stretched into a second day. This sharp reversal highlights just how quickly things can change in crypto markets, especially for volatile meme tokens like SHIB that can swing dramatically in just hours. What's Next for Shiba Inu (SHIB) as Traders Take Profits With profit-taking now in full swing across the crypto market, Shiba Inu traders are reassessing where things might go from here. Last week's impressive rally likely pushed the token into overbought territory, triggering the current correction as investors lock in gains from the upward move. The million-dollar question now is whether that massive support zone with 103 trillion SHIB will hold firm or if we're in for more downside. If bulls can successfully defend this critical level around $0.000014, it could give SHIB a solid foundation to stabilize and potentially resume its upward journey once market conditions improve. However, a break below this zone could trigger more selling and potentially lead to a deeper correction. As traders navigate this choppy market, they'll be keeping a close eye on overall crypto sentiment, Bitcoin's next moves, and any Shiba Inu ecosystem developments that might influence where prices head next. For now, all eyes are on that huge 103 trillion SHIB support level as the market decides if this is just a healthy pullback or the start of something more serious.
You may also like

The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]
