- A staggering 67% of Shiba Inu (SHIB) holders are currently facing losses, with only 28% in profit.
- Shiba Inu’s trading value has dropped, necessitating a significant market rally for the majority of holders to see profits.
The Struggle of Shiba Inu Holders
Shiba Inu (SHIB), one of the most notable meme coins, is experiencing a tough phase with a significant portion of its holders facing losses. Despite the SHIB team’s relentless efforts in launching various community projects and maintaining its competitive stance against Dogecoin, the current market trend paints a different picture.
A Deep Dive into Holders’ Statistics
Data from IntoTheBlock provides a clearer understanding of the holders’ predicament:
- Profit and Loss Analysis: Out of all SHIB holders, only 28% are currently experiencing profits, while a substantial 67% are facing losses. Additionally, 5% of holders are in a neutral position, neither gaining nor losing.
- Holding Duration: The silver lining amidst this downturn is the long-term commitment of SHIB holders. A notable 72% have held their tokens for over a year, demonstrating their faith in the coin’s potential. Meanwhile, 26% have held for one month to a year, and a mere 2% are new holders with less than a month of investment.
Current Market Standing of SHIB
At the time of writing, SHIB is trading at a value of $0.000008775, marking a 2.30% decrease over the last 24 hours. This current trading value indicates a challenging road ahead for the majority of SHIB holders, who are eagerly waiting for a market rally.
The Path to Recovery
For SHIB to turn the tides and bring its holders back into the profit zone, it needs to perform extraordinarily well in the market. The token must aim to surpass its previous all-time high of $0.00008845. This would not only restore confidence among its holders but also potentially attract new investors.
Conclusion: A Test of Resilience for SHIB Holders
The situation for Shiba Inu holders is a testament to the volatile nature of the cryptocurrency market, particularly for meme coins like SHIB. As holders navigate these challenging waters, the resilience and long-term commitment of the community will be crucial in weathering the storm and possibly steering towards a profitable future. The SHIB team’s ongoing efforts in project development and community engagement will play a vital role in this journey.