80% of SHIB hodlers currently at a loss, according to data from IntoTheBlock. On average, 4 out of 5 SHIB investors are in the red due to their holdings. Based on this data, 80% of all Shiba Inu hodlers are "out of the money" which equates to 991,440 addresses holding 497 trillion tokens, with a total value of $4.4 billion.
Currently, Shiba Inu is ranked sixth among the largest cryptocurrencies in terms of the proportion of addresses at a loss. With a market capitalization of $5.19 billion, only SHIB worth $668.4 million provides profits for hodlers.
Notably, many of these unprofitable addresses bought Shiba Inu within the price range of $0.000009 to $0.000014. According to IntoTheBlock, there are 348,170 such addresses holding an extremely large volume of 281.12 trillion SHIB.
If SHIB prices continue to decline as they have over the past four weeks, a situation could arise where the last person holding the token will be the ultimate loser. This certainly adds more pressure to SHIB right now.