The Shiba Inu (SHIB) is down almost 90% from its October 2021 peak of $0.000088
According to data from IntoTheBlock, eighty percent of Shiba Inu holders are now under water on their investment at the current price of $0.0000081. The Shiba Inu (SHIB) is down about 90% from its October 2021 peak of $0.000088.
IntoTheBlock’s In/Out of the Money gives the percentage of addresses that are profiting (in the money), breaking (in the money) or losing money (out of the money) on their positions at the current price. In/out of money indicators also look at unrealized gains/losses for addresses that are currently holding crypto assets.
Currently, this indicator shows that 81% of Shiba Inu addresses are in losses, the remaining 14% are making profits and 4% are barely breaking. The Shiba Inu’s profits have declined since the beginning of 2022 amid bearish market conditions.
Despite this, long-term holders of the Shiba Inu are on the rise. According to IntoTheBlock’s holders composition by time, 19% of SHIB holders have held their tokens for more than a year, 77% have held within a year, while 3% have held their tokens for more than a month. Also held for a short time.
At the end of December 2021, U.Today reported that Shiba Inu holders were largely short- and mid-term holders, giving each category percentage of 14% and 86%, respectively. At the time, the percentage of long-term holders, or the percentage of those who held for more than a year, was zero.
Fast forward about six months, and the Shiba Inu population has shifted dramatically, with long-term owners (19%) outnumbering short-term owners (3%). Meanwhile, midterm holders have been relegated, although they still account for 77% of Shiba Inu owners.
shiba inu price action
In line with the recent crypto market drop, the Shiba Inu fell to a low of $0.0000073 on 13 June. At the time of publication, SHIB was trading up about 5% at $0.0000082.
in bus: $SHIB @Shibtoken Now included in the top 10 of the 100 largest bought tokens #ETH whales in the last 24 hours
Check out the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodley $bbw To see the data of the top 5000!)#shib #whalestats #babywhale #bbw pic.twitter.com/bGsDii8efk
– WhaleStats – BabyWhale ($BBW) (@WhaleStats) 14 June 2022
The Shiba Inu is facing pressure from whales, which rank among the top 10 most bought tokens for the 100 and 500 largest ETH whales.
ETH whale “bluewhale0073” just bought 356,078,908,730 $shibo ($3,001,745 USD).
Ranked #690 on WhaleStats: https://t.co/RBupen06Pv
Transactions: https://t.co/RdcltXGUmz#shib #sibsena
– WhaleStats – BabyWhale ($BBW) (@WhaleStats) 13 June 2022
According to WhaleStats, eth whale “Bluewhale0073” has just bought 356,078,908,730 SHIB, worth $3,001,745. The number of Shiba Inu holders continues to rise, with a record 1,179,343 at press time, according to data from WhaleStats.