Shiba Inu Holders Maintain 96% Retention Rate Amid Price Struggles

On-chain data indicates that Shiba Inu (SHIB) holders maintain a high retention rate of 96%, signaling strong commitment despite recent price struggles. Key points include:

The number of SHIB holders has increased to 1.53 million, even as prices trend downward.
Recent data shows more SHIB being accumulated than sold by retail investors.
In contrast, Shiba Inu whales, holding over 10 million coins, are offloading their assets, contributing to higher exchange inflows (73.73 billion SHIB) than outflows (46.25 billion SHIB).

Despite these challenges, bullish sentiment persists among SHIB investors, with analysts predicting potential price rallies. Key predictions include:

A possible 500% increase in price, nearing its all-time high of $0.00008845.
A confirmed bullish pattern could lead to a 163% move back into the $0.00003 range.
A target of 570% increase towards $0.000081 if current trends hold.

The current SHIB price is approximately $0.00001230, reflecting a slight increase in the last 24 hours.