Almost 90% of SHIB investors are holding a losing position
In the last 7 days, the cryptocurrency market managed to remain relatively stagnant and sustain its market capitalization above $1 trillion, which could be seen as a positive sign as the market prepares for the next move. However, not many positive outcomes are in sight for some of the crypto assets, such as Shiba Inu (SHIB). The number of Shiba Inu’s investors that are holding a losing position has increased in the last 20 days. Going from 82% of SHIB holders in the red, to 88% of addresses “out of the money”. This is what data retrieved by Finbold on September 27 from the IntoTheBlock app reveals, while considering the Shiba Inu token’s price at the time each crypto wallet address received it, in comparison to current prices in the spot market. According to the app, only 9% of all SHIB investors are holding a profitable position, while 3% acquired their tokens in the same price zone of $0.000007, by the time of publication. Token summary stats for SHIB holders. Source: Into...