According to IntoTheBlock data, the number of long-term holders of Shiba Inu is increasing. According to IntoTheBlock’s holders composition by time, 26% of SHIB holders have held their tokens for more than a year, 70% have held within a year, while 4% have held their tokens for more than a month. Also held for a short period of time.
In mid-June, U.Today reported the percentage of long-term holders of Shiba Inu at 19%, while the percentage of medium-term holders then stood at 77%, with only 3% holding their tokens for less than a month at the time.
At the end of December 2021, it was reported that Shiba Inu holders were largely short- and medium-term holders, with each category giving percentages of 14% and 86%, respectively. At the time, the percentage of long-term holders, or those who stayed for more than a year, was zero.
Fast forward now, and the composition of Shiba Inu holders has shifted dramatically, with long-term owners now outnumbering short-term owners. This could mean that the investor’s focus is shifting from the short-term to the long-term. This comes as the crypto markets entered a “bearish phase” or “crypto winter”, in which altcoins wiped out between 70%-80% of their current peak.
Investors are focusing on the long term
The cryptocurrency is trying to recover this year from a path that was largely driven by the monetary tightening of the Fed and the resulting leveraged blowups, such as the collapse of crypto hedge fund Three Arrows Capital. At the time of publication, SHIB was changing hands at $0.00001229, up 6.47% over the past 24 hours.
According to WhaleStats, the Shiba Inu continues to set record-breaking milestones in its number of holders, reaching over 1,215,000 holders. At the time of publication, the number of Shiba Inu holders was 1,215,377 per WhaleStats data. This reflects a long-term investor interest and therefore, remains a positive sign.
The Shiba Inu has also returned as the largest token holding for the top 100 ETH whales. WhaleStats analysis of the top 100 Shiba Inu holders shows that the average SHIB balance and value increased by 28.29% and 33.32% for addresses in this category. Trading volume also grew by 53.93% while netflow grew by 73.12%.