Shiba Inu Update: 67% of SHIB Holders Currently in Loss 📈
Shiba Inu, a prominent meme coin and Dogecoin rival, faces a situation where a significant portion of its holders is experiencing losses. According to data from IntoTheBlock:
- Losses: 67% of SHIB holders are currently at a loss.
- Profits: Only 28% of the total SHIB holders are in profit.
- Neutral: 5% of holders fall into the neutral category.
While these figures indicate a challenging scenario for a majority of SHIB holders, it's worth noting that a significant portion, 72%, has been committed to holding for over a year. Additionally, 26% fall in the category of holders with a duration of one month to 12 months, and 2% have been holding for less than a month.
As of the latest update, SHIB is trading at $0.000008775, reflecting a 2.30% drop in value over the last 24 hours. For SHIB holders to see a shift into profit, the coin would need a remarkable performance to surpass its previous all-time high of $0.00008845. Keep a close eye on Shiba Inu for potential developments in its market performance.
