Home | Crypto News | On-Chain Data Reveals Long-Term Shiba Inu (SHIB) Hodlers Hold 70% Of Circulating Supply

On-Chain Data Reveals Long-Term Shiba Inu (SHIB) Hodlers Hold 70% Of Circulating Supply

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shiba inu hodlers

A renowned analytics firm discloses that hundreds of trillions of Shiba Inu (SHIB) tokens are currently in the custody of long-term investors.

According to IntoTheBlock, long-term holders, referred to as hodlers, currently possess 687,170,000,000,000,000 SHIB worth almost $7.20 billion. This investment group is estimated to own around 70% of the circulating Shiba Inu supply.

IntoTheBlock’s data shows that market participants known as “cruisers,” who have held their Shiba Inu tokens for a duration of one to twelve months, possess 232,540,000,000,000 SHIB tokens, which equates to over $2.43 billion. This accounts for 23.65% of the total SHIB supply.

According to data from IntoTheBlock, entities who have owned Shiba Inu for less than a month currently have control over 63,550,000,000,000 SHIB, which is equivalent to $666.63 million. Traders hold 6.46% of the supply of SHIB, according to the intelligence firm.

Furthermore, according to IntoTheBlock, only 28% of SHIB holders are profiting from Shiba Inu’s price, while 68% are awaiting losses. Just 4% of SHIB owners are breaking even.

SHIB is currently trading for $0.00001061, a minor decline over the previous day. Shiba Inu has experienced a decline of over 87% since it reached its peak of $0.00008616 in October 2021.

Jay Solano

Jay Solano

Jay is a crypto and NFT enthusiast dedicated to exploring the dynamic world of digital assets. As a crypto blog writer, he is sharing his knowledge of the latest trends, breakthroughs, and investment opportunities in the blockchain world.

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