The buzz around Shiba Inu (SHIB) seems to never die down, and a closer look reveals a compelling reason behind the latest price surge. Since July 1, SHIB has witnessed an impressive 25% hike. But why? The answer might lie in a crucial metric: holder distribution.
Recent data suggests that the composition of Shiba Inu holders is skewing toward those who are in it for the long haul. A significant 70% of SHIB's holders have now been holding onto their assets for more than a year. This is a remarkable shift and speaks volumes about the changing perception of the meme coin.