Shiba Inu has emerged as one of the most successful meme coins out there. With head-to-head competition with Dogecoin, the SHIB team has been working relentlessly on different projects for the community. However, it seems that many holders in the Shiba Inu community are at a loss.
With Shiba Inu trading in the red, holders are not in their best shape. According to the details from IntoTheBlock, 74% of SHIB holders are at a loss.
Also read: Hong Kong Police Report $18.9M Lost in Exchange Scam
74% of Shiba Inu holders are at a loss
Details from IntoTheBlock reveal that only 20% of the total holders are in profit. Moreover, 7% of the holders are neutral, whereas 74% of the Shiba Inu holders are at a loss.
One positive thing is that 74% of the holders have been in it for over a year. Additionally, 24% of the holders have been holding for one month to 12 months, and 2% of the holders have been holding for less than a month.
At press time, SHIB is trading at $0.000008297, with a 1.5% surge in value over the last 24 hours. For the majority of the holders to shine in profit, SHIB should exhibit an exceptional performance that can breach its previous all-time high of $0.00008845.