Shiba Inu Turmoil: 74% of SHIB Holders Report Losses

• Shiba Inu: Analysing the State of the Meme Coin
• Concerns in the Shiba Inu Community
• An In-depth Look at Holder Statistics
• Duration of Holding: A Silver Lining?
• Current Trading Value and Future Prospects

Shiba Inu: Analysing the State of the Meme Coin

Known for its rivalry with Dogecoin$0.091 -0.42%, Shiba Inu$0.000010 -2.05% has positioned itself as a prominent meme coin in the cryptocurrency market. The SHIB team has been continuously developing various projects to serve its community.

Concerns in the Shiba Inu Community

Recent trends, however, have indicated potential concerns among the Shiba Inu community. With the coin currently trading in the red, there appears to be a significant number of holders at a loss. As per the data from IntoTheBlock, 74% of SHIB coin holders are operating at a loss.

An In-depth Look at Holder Statistics

IntoTheBlock's data also reveals a closer look at the distribution of profits and losses among holders. A meagre 20% of SHIB holders are currently making profits. On the other hand, a neutral stance is maintained by 7% of SHIB holders. Unfortunately, the majority, a whopping 74% of SHIB holders, are experiencing losses.

Duration of Holding: A Silver Lining?

There is a bright side to this situation: the commitment of the holders. It has been noted that 74% of the holders have been invested in the coin for over a year. Furthermore, 24% have maintained their holding for a duration between one to twelve months. A small fraction of 2% have held their positions for less than a month.

Current Trading Value and Future Prospects

At the time of writing, SHIB trades at $0.000008297, marking a 1.5% increase in value within the last 24 hours. For the majority of holders to achieve profitability, SHIB will need to outperform its previous all-time high of $0.00008845.

Edited by Jonathan Stoker