The post 300 Billion Dump Puts Shiba Inu Price on Edge of Range Break appeared on BitcoinEthereumNews.com. Shiba Inu’s price has been under pressure this year. The token is down almost 12% on the yearly chart, while many other major assets are in green. In the last 30 days, SHIB has dropped 18.1%, and over the past week, it has slipped another 6%. At press time, SHIB trades near $0.0000123. One big question is whether large holders — often called whales — are showing conviction or stepping back. The data suggests the latter, which could put key levels at risk. Whales Dropping SHIB Holdings Wallets holding between 100 million and 1 billion SHIB have reduced their bags. On July 21, they held 17.72 trillion SHIB. By July 28, that dropped to 17.63 trillion SHIB. Even that small reduction triggered a sharp price pullback, with the SHIB price falling from $0.000014 to $0.000012 (a 14.29% drop) by August 2. Shiba Inu whales dumping SHIB: Santiment Now the drop is larger. These wallets have cut holdings further to 17.33 trillion SHIB as of August 21. That’s about 300 billion SHIB, worth $3.7 million unloaded. With SHIB already in a weak trend, this drop hints that the token could face deeper corrections if selling continues. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Heatmap Shows Accumulation and Risk Zones The Cost Basis Distribution Heatmap from Glassnode shows where SHIB has strong accumulation. About 19.99 trillion SHIB is stacked around $0.00001212, making it a heavy support zone. This area already cushioned the price during the August 19 dip. SHIB Heatmap Highlighting Key Levels: Glassnode On the upside, about 11.83 billion SHIB sits at $0.00001269, acting as resistance. SHIB has failed to move above this range in the recent week. With whales cutting their positions, a break below the… The post 300 Billion Dump Puts Shiba Inu Price on Edge of Range Break appeared on BitcoinEthereumNews.com. Shiba Inu’s price has been under pressure this year. The token is down almost 12% on the yearly chart, while many other major assets are in green. In the last 30 days, SHIB has dropped 18.1%, and over the past week, it has slipped another 6%. At press time, SHIB trades near $0.0000123. One big question is whether large holders — often called whales — are showing conviction or stepping back. The data suggests the latter, which could put key levels at risk. Whales Dropping SHIB Holdings Wallets holding between 100 million and 1 billion SHIB have reduced their bags. On July 21, they held 17.72 trillion SHIB. By July 28, that dropped to 17.63 trillion SHIB. Even that small reduction triggered a sharp price pullback, with the SHIB price falling from $0.000014 to $0.000012 (a 14.29% drop) by August 2. Shiba Inu whales dumping SHIB: Santiment Now the drop is larger. These wallets have cut holdings further to 17.33 trillion SHIB as of August 21. That’s about 300 billion SHIB, worth $3.7 million unloaded. With SHIB already in a weak trend, this drop hints that the token could face deeper corrections if selling continues. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Heatmap Shows Accumulation and Risk Zones The Cost Basis Distribution Heatmap from Glassnode shows where SHIB has strong accumulation. About 19.99 trillion SHIB is stacked around $0.00001212, making it a heavy support zone. This area already cushioned the price during the August 19 dip. SHIB Heatmap Highlighting Key Levels: Glassnode On the upside, about 11.83 billion SHIB sits at $0.00001269, acting as resistance. SHIB has failed to move above this range in the recent week. With whales cutting their positions, a break below the…