More than 50% of investors in Sib are operating at a loss.
The number of large investors in #SHIB has declined over the past month.
The main memcoin #Shiba Inu [SHIB] has lost many owners. According to IntoTheBlock, 62 percent of the 829,340 wallet addresses that make up all owners are "not connected to money. ""
According to the intranet data provider, a wallet address is considered "moneyless" if it holds an asset below cost.
Meanwhile, 442,120 addresses represent 33% of all SHIB holders and are "in the money," meaning they are currently making unrealized gains.
The #meme coin market has seen an uptick in activity in recent weeks. Under the influence of this growth, the price of SHIB has increased 1-fold in the last 2 months.
At the time of publishing this article the price of the coin was $000002526, and over the last 17 days its value has increased by 30%.
A significant portion of transactions with this meme coin have generated profits in the current period as the value of SHIB has increased dramatically.
According to Santiment, the ratio of profitable and losing transactions with SHIB in 1 day (calculated using a 30-day moving average) at the time of publication was 1.2.
This means that for every losing SHIB trade over the past month, 1.2 trades ended in a profit. This means that SHIB trader made more profitable trades than those that ended in losses.
This is because the #chain data showed a decrease in the number of SHIB whale addresses in the last month, so it is difficult for them to unload their assets to lock in profits.
Over the past 30 days, the number of whalers holding more than 1,000,000 coins has decreased by 2%. At the time of writing, this group of SHIB investors had 947,000 wallet addresses and owned 99% of the total circulating coin memes.
In the futures market, open interest in SHIB has increased dramatically.
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