{"id":410601,"date":"2023-06-21T15:00:07","date_gmt":"2023-06-21T15:00:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=410601"},"modified":"2023-06-21T15:30:30","modified_gmt":"2023-06-21T15:30:30","slug":"shiba-inu-addresses-at-profit-or-loss-at-current-prices","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-addresses-at-profit-or-loss-at-current-prices","title":{"rendered":"Shiba Inu Addresses At Profit Or Loss At Current Prices"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The entire crypto market is witnessing a reversal as the bulls have pushed most assets upward. <\/span><span style=\"font-weight: 400\">Notably, the second-largest meme coin by market cap, Shiba Inu, is not left behind the bullish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recent data showcases the number of Shiba Inu addresses in profit and loss amid the recent price rally of the meme coin.\u00a0<\/span><span style=\"font-weight: 400\">SHIB broke the resistance level at $0.000007 last weekend, boosting the profitability of some of the addresses.<\/span><\/p>\n<h2>The Place Of SHIB Addresses Amid Price Rally<\/h2>\n<p><span style=\"font-weight: 400\">The IntoTheBlock\u2019s In\/Out of Money Indicator (IOM) disclosed some <\/span><span style=\"font-weight: 400\">data<\/span><span style=\"font-weight: 400\"> regarding the positions of several Shiba Inu Addresses.\u00a0<\/span><span style=\"font-weight: 400\">The data relied on SHIB&#8217;s price at $0.000007 to highlight SHIB investors that are in profit, at a loss, or just at breakeven.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Usually, the IOM indicator would evaluate the average costs at which investors bought Shiba Inu coins.\u00a0<\/span><span style=\"font-weight: 400\">Then, it compares the costs with the current price of the meme coin to determine if the investors are in profit, loss, or a breakeven point.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The indicator noted that 47.98K addresses representing about 36.32% of <a href=\"https:\/\/insidebitcoins.com\/news\/shiba-inu-shib-records-significant-gains-ahead-of-top-crypto-asset\">Shiba Inu<\/a> holders, are currently in profit, with SHIB trading at around $0.0000070.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Further, the indicator revealed that despite the recent price rally of SHIB, more addresses are still at a loss. <\/span><span style=\"font-weight: 400\">According to the data, 78.65K addresses representing about 59.54% of the total SHIB holders, are at a loss.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, about 5.4K addresses are presently at a breakeven position in line with the current price of the meme coin.\u00a0<\/span><span style=\"font-weight: 400\">This category is neither in profit nor loss and represents about 4.14% of Shiba Inu holders.<\/span><\/p>\n<h2>SHIB Makes Impressive Price Movement And Attractive Momentum<\/h2>\n<p><span style=\"font-weight: 400\">Shiba Inu is gradually reclaiming its value as the broader <a href=\"https:\/\/insidebitcoins.com\/news\/sec-asked-to-report-in-coinbases-crypto-rulemaking-case-in-next-120-days\">crypto<\/a> market gets more bullish. <\/span><span style=\"font-weight: 400\">At the time of writing, SHIB is <\/span><span style=\"font-weight: 400\">trading<\/span><span style=\"font-weight: 400\"> at $0.000007323, indicating a surge of 2.30% over the past 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The meme coin recently initiated an upward move that saw it entering the $0.00000700 level last weekend. Also, the meme coin gained by over 7% within the past 7 days. <\/span><span style=\"font-weight: 400\">Despite its price rally, Shiba Inu still has a significant barrier within the price regions of $0.00000701 and $0.00000800.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data from <\/span><a href=\"https:\/\/app.intotheblock.com\/register\"><span style=\"font-weight: 400\">IntoTheBlock<\/span><\/a><span style=\"font-weight: 400\"> revealed investors bought more than 15 trillion SHIB coins within this price range. So, SHIB still has a resistance wall at the price range that could trigger selling pressure. <\/span><span style=\"font-weight: 400\">From a positive outlook, Shiba Inu\u2019s recent price rally has garnered more attention to the meme coin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the anticipation for the launch of Shibarium, the layer 2 scaling solution for Shiba Inu, more impressive records can be seen on the beta testnet, Puppynet.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><span style=\"font-weight: 400\">data<\/span><span style=\"font-weight: 400\"> from the blockchain explorer, the number of connected wallets is over 13.35 million. Similarly, the transaction count on Puppynet is more than 20.1 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\n            <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The entire crypto market is witnessing a reversal as the bulls have pushed most assets upward. Notably, the second-largest meme coin by market cap, Shiba <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/shiba-inu-addresses-at-profit-or-loss-at-current-prices\" title=\"Shiba Inu Addresses At Profit Or Loss At Current Prices\">[&#8230;]<\/a><\/div>","protected":false},"author":1912,"featured_media":410602,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[12160,12175],"class_list":["post-410601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shiba Inu Addresses At Profit Or Loss At Current Prices - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Notably, the second-largest meme coin by market cap, Shiba Inu (SHIB), is not left behind the bullish trend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/410601\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Addresses At Profit Or Loss At Current Prices - 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