The recent Shiba Inu price collapse presents opportunities for investors to procure SHIH with lower capital as they await significant gains.

For context, SHIB has witnessed intense selling pressure since March 26, after it claimed a high of $0.00001566. Since then, the meme coin has witnessed multiple large intraday losses, culminating in a 24% collapse over the past two weeks.

Accumulation Amid Shiba Inu Price Downturn 

However, this downturn is not unique to Shiba Inu, as the global financial market has also witnessed a bloodbath, with the global crypto market losing over $280 billion in valuation since March 26. SHIB is just one of the multiple victims of this market-wide crash.

Nonetheless, despite the turbulence, most investors have seized the opportunity to accumulate more Shiba Inu tokens at lower prices. 

Particularly, data from IntoTheBlock indicates that while investors (holding between 0.1% and 1% of Shiba Inu supply) have reduced their holdings, whales (holding over 1% of SHIB’s supply) and retail (holding less than 0.1% of the supply) have been adding to their balances since March 26 when the Shiba Inu price downturn began.

Notably, on March 26, whales held a cumulative balance of 575.11 trillion SHIB, representing 58.41% of SHIB’s total supply. Meanwhile, retail addresses had a balance of 253.36 trillion tokens, about 25.73% of the supply. 

However, recent data suggests whales now hold 575.81 trillion SHIB, having added 700 billion tokens since March 26. Similarly, retail wallets now hold a balance of 254.84 trillion tokens, indicating that they have accumulated a whopping 1.48 trillion SHIB since the market turbulence began.

How Much SHIB You Need to Make $1M at $0.00009 and $0.00005 Price Targets

One of the major motivations behind this accumulation spree is the confidence that Shiba Inu could reach loftier targets following a recovery. Last October, The Crypto Basic confirmed that Changelly analysts expect SHIB to reach $0.00009 in late 2028. Moreover, in May 2024, analyst Big Mike suggested Shiba Inu could hit $0.0005.

Notably, several investors have held onto the belief that their SHIB investments could someday reach the coveted $1 million mark. For an investment to hit $1 million when Shiba Inu price claims $0.00009, the investor must hold 11.11 billion tokens. However, at the $0.0005 price, such an investor must hold just 2 billion tokens.

With Shiba Inu price currently trading at $0.00001196, investors with such ambition can amass the required tokens for less. For instance, they can procure the 11.11 billion SHIB for $132,888. If Shiba Inu price hits $0.00009, this $132,888 investment would grow to $1 million.

Meanwhile, those expecting Shiba Inu to claim $0.0005 can purchase 2 billion tokens for just $23,920. If Shiba Inu price increases 4,080% to hit $0.0005, this lowly $23,920 investment would yield $1 million. However, these returns depend on SHIB’s ability to reach these ambitious targets, which is not a guarantee.