🐶 Here’s Projected Shiba Inu (SHIB) Price if Ethereum Rises to $25,000

Canine-themed meme crypto asset Shiba Inu (SHIB) remains one of the exciting crypto prospects with great potential to reward its holders. After gracing the crypto market in 2020, the meme coin has taken its owners on a wild run characterized by massive profit returns.

Consequently, the coin has witnessed a surge in its holders’ base, especially as we continue to edge closer to an imminent bull run with the potential to orchestrate SHIB to a new all-time high (ATH).

Statistical Data Corroborates The Surge In The SHIB Holders’ Claim

According to SHIB’s statistical data summary on IntoTheBlock, the “Holders Making Money at Current Price” revealed that 58% of the meme coin holders are recording profits, 4% are neither losing nor gaining, while the remaining 37% are accumulating losses.

The above statistics imply that 37% of SHIB holders had accumulated the token at selling prices, higher than its current approximated $0.000024 market valuation. Notedly, the only period the coin has traded above its current status was between March and now. Hence, it indicates that the coin boasts a significant new holders pool.

Other relevant statistics indicated that most SHIB owners are whale investors, as they made up 73% of the coin’s “Concentration by Large Holders” index. In addition, “Holders Composition by Time Held” data indicated that 76% have owned the token for over a year, 21% have held on to it between 1 to 12 months, and only 3% have owned it for less than a month.