Shiba Inu 1 Cent Dream: 4 in 5 SHIB Holders Are at a Loss
According to a study by IntoTheBlock, 22% of Shiba Inu (SHIB) holders are in profit at the moment. A whopping 77%, or 4 in 5 SHIB holders, are facing losses, while only 1% have broken even. The data also shed light on the holding time of the Shiba Inu tokens. According to IntoTheBlock, 63% of holders purchased SHIB in the last 12 months. Shiba Inu has been falling after it attained its ATH (all-time high) in October of 2021, one year ago. Hence it is not surprising that most of the holders are at a loss. However, most of the circulating SHIB supply, around 81% of it, is in the hands of a few. And these whales are still in the money. Nonetheless, they could tank SHIB’s price if there was a sell-off. Will Shiba Inu rise anytime soon? The broader crypto markets breathed a sigh of relief this morning as most major tokens witnessed a much-needed spike. Bitcoin (BTC) crossed the $20k barrier, while Ethereum (ETH) turned out to be one of the biggest gainers with a 10% ...