The decline in the market this fall seems so damaging that no matter the scale of investors of cryptocurrencies like Shiba Inu, all are facing more or less tough times
As per the recent data, about 81% of Shiba Inu holders are now facing loss on their investment made within SHIB. This number could be more given the consistently dropping trading price of the popular meme currency which is currently standing at around $0.0000076 after losing about 7% of its value in the last 24 hours. It could be understood quite easily looking at the decline in value of Shiba Inu which is about 90% down from it’s all time high of $0.000088 that was attained in October last year.
Further data from prominent blockchain analytics and cryptocurrency price prediction firm IntoTheBlock outlined that the overall percentage of Shiba Inu addresses in loss are 81% while 14% of them are in profit. It also showed that barely 4% of them are at break even point where they neither made profit nor faced any loss. It has been seen that the trend of Shiba Inu address making profit has been on decline given the trumbling market conditions since starting of this year.
However, despite the fact that Shiba Inu is not generating profits for its holders, the number of its long term holders is increasing. As per the composite data of IntoTheBlock, among overall holders of SHIB, about 19% have been holding their Shiba Inu tokens for more than a year while 77% are those who have spent about a year holding the meme cryptocurrency. Other than this, only 3% of Shiba Inu token holders are those who have been holding it for barely less than a month.
It was in December last year when it was reported that the large number of Shiba Inu holders fall under the category of short term holders who were about 14% and mid-term holders about 86%. That was the point when there were no long term holders of SHIB tokens. While today after almost six months from the previous data, the number of tokens holding Shiba Inu has been shifted and seems like turning off the tables.
Today, the long term holders of Shiba Inu account for about 19% that left behind the number of short term Shiba Inu holders that remain to be just 3%. It could be also the result of shifting of most short term holders to mid term holders that now accounts for about 77% from total SHIB holders.
Source: https://www.thecoinrepublic.com/2022/06/15/from-which-situations-shiba-inu-investors-are-going-through-amidst-the-massive-decline/