In the less-than-glittering enclaves of cryptocurrency, another chapter of canine melodrama unfolds: Shiba Inu (for those not yet familiar, a dog with far too many admirers and far too many zeros) has, in the last 24 hours, pirouetted clumsily beneath the $0.0000128 lower crust. IntoTheBlock, that great oracle from the digital tower, points a trembling finger at a certain âsell wallââthe villain of the piece, without which no story would be complete.
Shiba Inu faces the sell wallâwill it jump or just bark at it?
Indeed, in a burst of determination usually reserved for first-year Oxbridge rowing teams or particularly obstinate todgers, the sell wall is now entrenched between the sovereign boundaries of $0.000012 (for the destitute) and $0.000013 (for the criminally optimistic). At the stately price of $0.000013, around 35,270,000,000,000 SHIBâone shudders to type such numbersâlies âAt the Money,â presumably hoping at least some money sticks to its paws.
Its noble holders, gazing at their wallets with the existential dread of English country landlords facing a Labour victory, find themselves neither richer nor poorer for the privilege and are, therefore, tempted to cast away coinage onto the winds. Such a move, as always, causes a mild panic in the villageâmurmurs of collapse, and the fry cooks asking if SHIB is âbrokenâ (as if a meme coin were grandmotherâs heirloom vase).
Presently, an august assembly of 56,900 SHIB addresses array themselves against this canine Maginot Line. Whether they consolidate or succumb, only timeâand perhaps a minor miracleâwill tell.
The rumor in betting shops (and at least two Telegram groups) is consolidation. These 56,000 or so walletsâeach, doubtless, manned by a man of gravity and senseâare reluctant to sell at a loss, which for SHIB is rather like saying a pensioner wonât part with his last Wertherâs. Will this minor stubbornness shore up the walls?
Yet, if the price scoots upwards to $0.000013, resistance will surely stiffen like an old Etonian at a budget debate. Market participants are variously advisedâby those with time to advise and little money to loseâto âtake profitâ (if found) and dodge further losses (a quaint pastime by now).
The Market Swoons as SHIB Chases Its Own Tail
At the time of writing, our hero SHIB twitches at $0.00001268, down 2%âwhich in the world of meme coins, is practically a tranquil day in the countryside. Curiously, trading volume leapt by 4.09% to $127.94 million, signalling that speculators still adore the sort of uncertainty that would send any rational soul to the gin bottle.
All this points to an awkward impasse: SHIB stands at the crossroads of destiny (or at least, low-penny drama). Should its loyalists resist the urge to sell, the meme could soar once more to heights last seen only in the overactive imagination of Twitter threads.
Should it breach the sacred $0.000013 string, the hope is that former pessimists will miraculously âhold,â perhaps mistaking movement for progress. And so we wait, whisky in hand, as Shiba Inu struts the make-or-break catwalk. Should accumulation prevail, perhaps it will reclaim its rankingâthis time, hopefully, without being trampled by the likes of Toncoin. Until then: watch, grin, and, if you must, bet sparingly. đđ¸
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2025-05-05 18:19