Shiba Inu Update: Unveiling the Number of Profitable SHIB Holders

Jonathan Stoker Feb 05, 2024, 09:50am 247 views

Shiba Inu Update: Unveiling the Number of Profitable SHIB Holders

Shiba Inu's Current Market Performance and Investor Sentiment

The Shiba InuShiba Inu$0.000010 -2.05% token, currently valued at $0.000008929, has seen a dip of about 1% in its daily trading. SHIB, a canine-inspired token, has been on a declining path for over a year, causing significant financial setbacks for its investors. The token, once coveted as a high-profit investment, has seen its reputation tumble into a loss-making entity since the beginning of 2022. Despite its value being below the 1-cent mark, it no longer appeals to the typical investor.

Investor Profits and Losses in Shiba Inu

This post aims to shed light on the current state of Shiba Inu investors, examining data on their losses and profits. The data provides an understanding of the state of investor portfolios and the ratio of holders experiencing profits versus losses.

Stats on SHIB Holders' Profits and Losses

Latest information from IntoTheBlock reveals that 65% of Shiba Inu holders are incurring losses. A mere 29% are making profits from this dog-themed digital currency, while just 6% of holders are at a break-even point, with no profits or losses.

Consequently, most SHIB holders are incurring losses, with only a small percentage making profits. Only a few are breaking even, and the prospects do not seem promising. Further, approximately 78% of SHIB's wealth is in the hands of a limited number of investors.

The Risk of Large Sell-Offs

This situation is concerning as it increases the risk of large sell-offs that could cause dramatic decreases in price. Such a move has the potential to cause a ripple effect, triggering another round of sell-offs and leading to a domino effect.

Shiba Inu's Recent Performance

As of the latest update, SHIB was valued at $0.000008929, showing a decline of nearly 1% in the last 24 hours of trading. SHIB has also seen a significant drop of close to 90% from its all-time high of $0.00008616, reached in October 2021.

Edited by Jonathan Stoker

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