The Shiba Inu (SHIB) price drama has taken a dramatic turn, flipping from a defensive stance against adding another zero to an offensive goal of deleting one. In early October, SHIB slipped through the long-standing $0.00001178 support level and even printed a deep wick at $0.000006 amid vanishing liquidity, but it has since recovered to trade around $0.00000972, just under the ten-thousandth mark.
This shift was catalyzed by a recent 'Black Friday' event where SHIB plummeted over 8.5% in 24 hours, adding a zero and trading as low as $0.000009351. Despite the crash, holder count edged up to 1,545,726 wallets, with transfers increasing by 3.15% in 24 hours, indicating ongoing activity rather than abandonment. Exchange flows whiplashed billions of tokens, with approximately 138 billion SHIB moved to exchanges, signaling potential sell-off pressure as trading volume decreased by 9.31% to $5.51 billion.
Amid the panic, Shiba Inu's marketing lead, Lucie, issued a calming message, comparing SHIB to a race car making a U-turn and stating, 'SHIB is scarred by the past, but unstoppable in the future.' She hinted at a 'complete transformation' or 'rebirth,' suggesting possible new announcements, partnerships, or utility launches to reposition the memecoin. However, analysts emphasize that deleting a zero will require building volume above recovered zones, keeping whale supply off exchanges, and amplifying burn mechanics to reduce circulation—key steps to stabilize the bearish sentiment.
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