Almost 70% of Shiba Inu (SHIB) holders are in a loss
Although Shiba Inu (SHIB) is among the largest losers of the recent slump in the crypto market, the token has had a rather good recovery over the last week. In the last week, Shiba Inu has climbed 4.05%, one of the better performers in the top 20 cryptocurrencies over the previous week, adding over $250 million to its market worth over, according to data acquired by Finbold from the CoinMarketCap.
In addition, when analyzing the token summary, the on-chain metrics that provide a general understanding of the money made around Shiba Inu reveal that the number of holders in profit at the current price is slightly over a quarter at 26%, with 69% of SHIB holders at a loss and just 5% breaking even. Furthermore, the composition of Shib holders indicated that 30% had held the asset for more than a year, 66% held it for up to 1-12 months, and just 4% held it for less than one month. While this is going on, momentum and value signals.
Source
@Doge_ShibaInu
