Over the last three days, the price of SHIB has increased by an amazing 8% and a spectacular 4% intraday. Shiba Inu owners now have a rare opportunity to exit their investments with large gains after this spike turned roughly 60,000 of their addresses from unprofitable to lucrative.
The total amount of SHIB held by these newly lucrative addresses, according to IntoTheBlock statistics, is around 27.3 trillion, a startling amount that accounts for a sizeable chunk of the token’s profitable addresses and total volume. In reality, it represents 45% of the tokens that are now lucrative for their owners and 38% of all profitable SHIB addresses. The Shiba Inu token’s recent rise is loomingly threatened by this surge of potentially sellable volume.
These SHIB holders’ choice is not something to be taken lightly. The market’s subsequent rise in supply might possibly hinder the token’s recent price growth, driving it further down, should they decide to sell their positions while they are still in the black. Similar to a game of hot potato, people who hold onto the token for an excessive amount of time run the danger of getting burnt.
Thousands of Shiba Inu token holders are debating what to do next since the token’s future is up in the air. Will they take advantage of the chance to sell at a profit while they still have it, or will they risk and expect future price increases?
