The majority of SHIB investors, on average four out of five, are experiencing losses on their holdings, as was discovered courtesy to data from IntoTheBlock. According to the statistics, 80% of all Shiba Inu token address holders are currently “out of the money.” This is comparable to 497 trillion tokens concentrated on 991,440 addresses, totaling $4.4 billion. And it doesn’t include the burnt SHIB disc at that “dead” location.
In terms of the proportion of losing addresses to winning ones, the Shiba Inu coin is now sixth among the biggest cryptocurrencies. To give you a precise illustration, just $668.4 million of SHIB, which has a market value of $5.19 billion, generates a profit for its owners.
It is noticeable that a large portion of those unprofitable addresses bought Shiba Inu tokens between $0.000009 and $0.000014. According to IntoTheBlock, there are 348,170 of these addresses, and they together possess a very substantial volume of 281.12 trillion SHIB.
The Shiba Inu coin was recently quoted at these values, which may imply that its owners can currently be regarded long-term holders. This is what initially draws attention to this.
The last person to have the token will likely lose out if SHIB quotations keep falling, as they have been doing for the past four weeks. SHIB is currently under more strain as a result of this.
