Shiba Inu Market Dynamics: Concerns Rise as 67% Holders See Losses

Shiba Inu has risen as a prominent meme coin, demonstrating success in its category. In direct competition with Dogecoin, the SHIB team has been actively engaged in various community projects. Despite these efforts, a significant number of Shiba Inu holders are currently experiencing losses. The cryptocurrency is trading in the negative, leaving holders in a less favorable position. According to information provided by IntoTheBlock, 67% of SHIB holders find themselves at a loss.

Blockchain Shiba Inu Investment Blues: Nearly 70% of Holders in the Negative

According to information provided by IntoTheBlock, a mere 28% of the total holders are currently experiencing profits. In contrast, 5% of the holders remain in a neutral position, while a significant 67% of Shiba Inu holders find themselves at a loss.

An encouraging aspect is that a substantial 72% of the holders have maintained their investment for over a year. Additionally, 26% of the holders have held their positions for a duration ranging from one month to 12 months, and a minimal 2% have held for less than a month.

As of the latest update, SHIB is trading at $0.000008775, reflecting a 2.30% decline in value over the past 24 hours. To witness a turnaround for the majority of holders into profit, SHIB would need to demonstrate outstanding performance, potentially surpassing its previous all-time high of $0.00008845.