Here’s How Many SHIB Holders Are Making Money at Current Price

AnalysisHere's How Many SHIB Holders Are Making Money at...



Gamza Khanzadaev

Shiba Inu (SHIB) allows these investors to make money even at current price

Despite SHIB’s price being at multi-month lows, a fairly large proportion of token holders are still in profit as CoinMarketCap and IntoTheBlock data show. According to the portal, 18% of all SHIB holders are making money on the asset right now.

A deeper look into the data reveals interesting insights. The data claims that 54% of investors in SHIB have held positions for more than a year, followed by 38% of those holding from one month to a year and 8% of those holding for less than a month. At the same time, large holders hold more than 80% of SHIB’s supply.

Shiba Inu holders: winners and losers

Interesting parallels emerge from the data presented. It is certainly accurate to say that those wallets that are currently in profit on SHIB are more likely to be large long-term holders. However, given SHIB’s price action since November, it can be said that those short-term holders who bought the token at the end of the month are now also making money.

It is also possible that the recent exodus of Shiba Inu holders, as reported by U.Today, was precisely from the same 38% who hold SHIB from one month to a year. Most of them are likely to make up the 73% of holders who are now generating losses in SHIB. Nevertheless, the possibility that the number of SHIB holders fell by 2.3% as a result of profit-taking also cannot be dismissed.



Learn more

Latest news

Meta Stock Picking Itself Up; Will Earnings Push It Higher?

Meta Platforms (META) will announce its fourth quarter earnings results today after the market closes. Also today, the...

Yamana Gold’s $4.8 Billion Takeover Wins Backing from Investors

(Bloomberg) -- The biggest gold acquisition in nearly a year is a step closer to reality after investors...

Fixing Water Systems In East Africa Before Problems Get Out Of Hand

When we last met Sarah Evans and Kathryn Bergmann, they were in the early days of running their...

XRP Price Analysis for January 31

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It...

Pfizer forecasts big drop in revenue after record $100M COVID-led haul

Pfizer on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor...

Must read

Meta Stock Picking Itself Up; Will Earnings Push It Higher?

Meta Platforms (META) will announce its fourth quarter...

Yamana Gold’s $4.8 Billion Takeover Wins Backing from Investors

(Bloomberg) -- The biggest gold acquisition in nearly...

Fixing Water Systems In East Africa Before Problems Get Out Of Hand

When we last met Sarah Evans and Kathryn...

You might also likeRELATED
Recommended to you