Shiba Inu Price Slips Out of Top 30 Amid Rising Holder Count

Shiba Inu's price has weakened to $0.0000043, causing it to slip out of the top 30 cryptocurrencies by market capitalization.

The token's holder count continues to rise, reaching over 1.6 million wallets for the first time according to Etherscan data.

Despite price weakness, exchange flows show net withdrawals, indicating that holders may be moving assets into private wallets rather than preparing to sell.

A mini golden cross has formed on the four-hour chart, suggesting a possible short-term recovery, but the main obstacle remains the higher moving averages above price.