30% of Shiba Inu Holders Are Now Holding for Long-Term Reasons
According to IntoTheBlock data, 30% of Shiba Inu holders are now holding for long-term reasons. This comes as Shiba Inu is recording more "hodlers" among its holder class. Per IntoTheBlock's holders' composition by time held, 30% of SHIB holders have held onto their tokens for more than a year, 67% have held within a year and 3% have held onto their tokens for less than a month.
Shiba Inu has also seen the addition of new owners in recent weeks. Per WhaleStats data, the Shiba Inu holder count stands at 1,224,213. An increase in the number of holders suggests interest in an asset over the long term. At the time of publication, SHIB was changing hands at $0.00001083, marginally up in the last 24 hours. The SHIB price is garnering momentum for its next move, but the picture remains that of consolidation for now.
Source
@Doge_ShibaInu
