Shiba Inu: 85% of SHIB Holders Are in Loss

Vignesh Karunanidhi
Shiba Inu (SHIB) Burn Rate Surges By 600% Amidst Slumping Price
Source: Mid-Day

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.

Meme coins, especially Pepe Coin and LADYS, have put on a bull run in June. These new meme coins have been putting on quite the show. SHIB, however, was exhibiting slower gains as opposed to other cryptocurrencies. According to the details from IntoTheBlock, 85% of SHIB holders are at a loss.

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85% of Shiba Inu holders in a loss

Details from IntoTheBlock reveal that only 11% of the total holders are in profit. Moreover, 4% of the holders are neutral, whereas 85% of the Shiba Inu holders are at a loss.

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One positive thing is that 69% of the holders have been in it for over a year. Additionally, 27% of the holders have been holding for one month to 12 months, and 4% of the holders have been holding for less than a month.

At press time, Shiba Inu is trading at $0.00000752, with a 0.30% drop 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.