Shiba Inu adds 150K holders – Why SHIB still faces downside risks

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Shiba Inu gained 150,017 holders in 2026, bringing the total to 1,698,647 on October 19, up from 1,548,630 at the beginning of the year. SHIB was also listed among the assets eligible for a proposed multi-asset ETF from T. Rowe Price, although the filing did not confirm any SHIB purchases or the creation of a dedicated spot ETF. The network burned 111,395 SHIB over 24 hours and 81,765,038 SHIB over seven days, taking cumulative burns to approximately 410.85 trillion SHIB. The token’s exchange reserves rose 3.11% in 24 hours to $449.6 million, while the spot taker CVD remained dominated by sellers. Trading at approximately $0.00000511, SHIB needs to hold the $0.0000050 support before targeting $0.0000060; a breach would expose it to $0.00000413.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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