Over half of the 1,399,974 wallets holding Shiba Inu are currently profitable as SHIB rebounds to $0.00002652.
Shiba Inu has flashed signs of recovery in the last 24 hours, slightly overcoming the bears to reclaim the $0.000026 threshold. As of yesterday, Shiba Inu bottomed at $0.00002468 but has since soared significantly to $0.00002652. This trajectory marks a notable 7.45% gain for SHIB.
This week, Shiba Inu had encountered opposition during the recovery from the massive dip of two weeks ago. The resistance forced SHIB back to the $0.000024 threshold. However, the asset appears to have surmounted this hurdle as it reached $0.00002652 today.
Shiba Inu Holders in Profit After $0.00002652 Comeback
Now, at Shiba Inu’s market value, the on-chain record shows that more than half of SHIB investors hold the asset in a profitable position. According to intelligence platform IntoTheBlock, 63% of SHIB holders are “in the money,” essentially in profit with the asset at $0.000025.
Conversely, 32% of investors are shouldering losses with their Shiba Inu holdings. IntoTheBlock data suggests that only 5% of holders are “at the money,” neither incurring losses nor making a gain.
It is worth mentioning that the current profitability ratio of Shiba Inu holders is down significantly from the figure recorded six weeks ago. The Crypto Basic tilkynnt í síðasta mánuði that as much as 84% of SHIB holders were profitable. Remarkably, at the time, Shiba Inu traded at $0.00004533, one of its two-year highs.
Shiba Inu Whale Transactions Tank by 80%
At press time, 1,399,974 wallets hold Shiba Inu. Among these holders, 75% are committed long-term investors who have held the asset for over a year. Meanwhile, 21% of them purchased SHIB within the last 12 months. Individuals who acquired Shiba Inu within the last 30 days account for just 4% of the holder spectrum.
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Furthermore, IntoTheBlock statistics indicated that large investors, or whales, dominate the Shiba Inu holder spectrum. In particular, the data highlighted that the concentration of larger holders for Shiba Inu is 73%.
Additionally, the collective worth of whale transactions surpassing $100,000 over the last seven days is $732.41 million. According to data from IntoTheBlock, 201 such transactions were recorded yesterday on April 15.
Meanwhile, this current figure marks a staggering $3.05 billion deficit compared to the amount of whale transactions recorded on March 4. In percentage terms, whale transactions have crashed by over 80.67% since last month as Shiba Inu dipped.
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Source: https://thecryptobasic.com/2024/04/26/here-are-shiba-inu-holders-in-profit-as-price-rebounds-to-0-00002652/?utm_source=rss&utm_medium=rss&utm_campaign=here-are-shiba-inu-holders-in-profit-as-price-rebounds-to-0-00002652