687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data

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A leading analytics firm reveals that hundreds of trillions of Shiba Inu (SHIB) tokens are now in the safekeeping of holders with a long-term investment horizon.

IntoTheBlock shows that hodlers, or entities that have held their SHIB stacks for over a year, collectively own 687,170,000,000,000 SHIB worth over $7.20 billion.

According to the analytics firm, the investor cohort controls nearly 70% of Shiba Inu’s circulating supply.

IntoTheBlock also shows that cruisers, or market participants that have been holding their Shiba Inu troves for a period of one to 12 months, own 232,540,000,000,000 SHIB worth more than $2.43 billion. According to the intelligence firm, cruisers account for 23.65% of SHIB’s supply.

As for traders, or entities who hold their Shiba Inu for less than one month, IntoTheBlock reveals that they currently control 63,550,000,000,000 SHIB to the tune of $666.63 million. Traders also own 6.46% of SHIB’s supply, per the intelligence firm.

Source: IntoTheBlock
Source: IntoTheBlock

IntoTheBlock also reveals that only 28% of SHIB holders are making money at Shiba Inu’s current price, with 68% sitting on losses. About 4% of SHIB owners are just breaking even.

At time of writing, SHIB is trading for $0.00001049, a slight increase in the last 24 hours. Shiba Inu remains down over 87% from its all-time high of $0.00008616, which it printed in October 2021.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post 687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data appeared first on The Daily Hodl.

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