Shiba Inu token (SHIB) has been the center of attention for many investors due to its striking price movement over the last few weeks. Although it is now the sixth largest cryptocurrency by market capitalization, data from IntoTheBlock has shown that 80% of SHIB holders are suffering losses on their holdings. This comes out to be approximately 497 trillion tokens or a staggering $4.4 billion. Furthermore, the market capitalization of SHIB is currently standing at $5.19 billion, out of which only $668.4 million worth of SHIB is in hold for profit for the holders.

The data also indicated that many of the token holders had purchased SHIB in the price range of $0.000009 to $0.000014. This could potentially mean they might be considered as long-term holders. However, if SHIB continues on its trajectory of falling prices over the last four weeks, the last one to be holding SHIB might be leading to losses.

It is essential to note that this situation has been brought by the ongoing bearish market which is subject to great fluctuations in prices depending on the news, general market sentiment as well as other factors. As a result, it leaves many investors feeling worried about their chances of making a profit with cryptocurrency investments.

In conclusion, Shiba Inu token (SHIB) has been going through a rough patch over the past weeks, where 80% of its token holders are facing losses on their holdings. This comes out to be almost equivalent of $4.4 billion. Although many of its holders had bought SHIB in the price range of $0.000009 to $0.000014, the ongoing bearish market continues to create a situation of uncertainty regarding investments in cryptocurrency.



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