Investors that are in it for the long term frequently do so in the crypto industry. Yet, the Shiba Inu token (SHIB) has seen an extraordinary increase in the proportion of long-term investors.
Data from IntoTheBlock shows that at 835,780, there are now more addresses than ever before that have held SHIB for a year or more. These wallets, known as “hodlers,” now account for 67.35% of all SHIB-holding addresses.
Shiba Inu tokens are now being held by fewer “traders” and “cruisers” than before. The number of cruiser wallets, which keep the token for one month to twelve months, has dropped from 365,570 to 68,140, making up 29.46% of all SHIB holding addresses. Traders who have held the token for less a month decreased to the 39,480 level, or 3.18% of the total.
These numbers show that a more reliable investment base is growing for the Shiba Inu cryptocurrency. Generally speaking, long-term investors are more dedicated to a project’s success and have a greater faith in its enormous potential.
One may counter that the majority of the SHIB supply is contained in exchange wallets and the wallets of various crypto whales. The research reveals that although individual investors own 201.37 trillion coins, the whale volume is 253 trillion SHIB. Midsize investors have 118.24 trillion more in their pockets.
