Shiba Inu Coin Investors Suffer as 80% of Addresses Plunge into Losses

Updated: 16 May 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Recent data has exposed the misleading impact of the genuine hype surrounding SHIB, once hailed as a favorite in the meme coin industry.

Shiba Inu, the cryptocurrency’s center of attention, has inflicted significant losses on its investors. Despite the initial excitement that shrouded Shiba Inu, a sobering reality exists among those who eagerly bought into the frenzy.

Startling statistics now show that an astonishing 80% of Shiba Inu token address holders are grappling with losses, creating a wave of concern reverberating through the cryptocurrency community and investor circles. The aftermath of Shiba Inu’s meteoric rise is a cautionary tale for enthusiasts and highlights the risks associated with speculative investments.

As investors come to terms with the unfavorable outcomes, the fallout from Shiba Inu’s rollercoaster journey continues to shape discussions surrounding meme coins and the broader cryptocurrency landscape. Stay tuned for more updates on this developing story.

Shiba Inu Token Holders Face Losses in Market Downturn

Following an excessively hyped period, the market downturn has left many crypto capitalists questioning its reasons and the potential for their investments to recover. Recent data from IntoTheBlock reveals that most Shiba Inu token holders face losses. Approximately four out of five SHIB investors possess unprofitable addresses, totaling 991,440 addresses with 497 trillion tokens valued at around $4.4 billion. Only $668.4 million worth of SHIB remains profitable for its holders.

The situation is further complicated because many of these unprofitable addresses gained SHIB within the price range of $0.000009 to $0.000014. This data points to 348,170 addresses holding a substantial volume of 281.12 trillion SHIB. Presently, the Shiba Inu token ranks sixth among the largest cryptocurrencies concerning the ratio of loss-making addresses to profitable ones.

The continuous decline in SHIB quotes over the past four weeks raises concerns about a potential situation where the last holder of the token may end up as the ultimate loser. This additional pressure further complicates the current state of SHIB.