{"id":532772,"date":"2023-05-15T09:52:42","date_gmt":"2023-05-15T09:52:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=532772"},"modified":"2023-05-15T09:56:35","modified_gmt":"2023-05-15T09:56:35","slug":"shiba-inu-coin-holders-hit-hard","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin-holders-hit-hard\/","title":{"rendered":"Shiba Inu Coin Holders Hit Hard As 80% Of Addresses Smothered In Red"},"content":{"rendered":"

Shiba Inu is causing significant losses for its investors. <\/span>Recent data reveals that the hype surrounding SHIB, the once darling of the meme coin industry, may have led many investors astray.<\/p>\n

At the time of writing, a staggering<\/span>\u00a080%\u00a0<\/a>of all Shiba Inu token address holders are experiencing losses on their holdings, a fact that is causing concern among cryptocurrency enthusiasts and investors alike.<\/p>\n

Despite the initial excitement surrounding Shiba Inu, it appears that the reality of the situation is starting to set in for many investors. <\/span><\/p>\n

With such a high percentage of token holders not expected to make any kind of money as of yet, it is clear that the hype train may have been running a little too fast. <\/span><\/p>\n

This sharp downturn in the market has left many crypto capitalists wondering what happened and whether their investments will ever recover.<\/span><\/p>\n

Related Reading: Ethereum Loses Grip On $1,800: Will The Bulls Barge In To Save The Day?<\/a><\/div>\n

Shiba Inu Token Holders Suffer Losses, Data Shows Addresses Unprofitable<\/strong><\/h2>\n

New data from <\/span>IntoTheBlock<\/span><\/a> indicates that the majority of Shiba Inu token holders are experiencing losses on their holdings. <\/span><\/p>\n

As of now, four out of five SHIB investors are holding unprofitable addresses, equating to 991,440 addresses with 497 trillion tokens valued at around $4.4 billion. This leaves only $668.4 million worth of SHIB that is currently profitable to its holders.<\/span><\/p>\n

The situation is further complicated by the fact that many of these unprofitable addresses purchased SHIB at the $0.000009 to $0.000014 price range. <\/span><\/p>\n

According to data, there are 348,170 such addresses, holding an enormous volume of 281.12 trillion SHIB.\u00a0<\/span><\/p>\n

At present, the Shiba Inu token is ranked sixth among the largest cryptocurrencies in terms of the ratio of loss-making addresses to profitable ones.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
Recent SHIB Prices Raise Concerns About Long-Term Holding<\/strong><\/h2>\n
The current price of Shiba Inu token, listed at $0.00000892 per token on <\/span>CoinGecko<\/span><\/a>, is drawing attention due to its recent pricing history. <\/span><\/p>\n
<\/p>\n
SHIB total market cap at $5.15 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Crypto total market cap slides to $1.11 trillion on the daily chart at TradingView.com<\/a><\/div>\n
The fact that the token was priced at similar levels not long ago raises concerns about the motivations of current token holders, particularly in regard to their long-term holding strategies.<\/span><\/p>\n
The token’s recent 24-hour rally of 0.4% is far from impressive, but it is the 4.1% slump observed over the past seven days that is particularly troubling.<\/span><\/p>\n
This slump suggests that the token’s value is unstable and unpredictable, which could be a result of the high percentage of loss-making addresses.<\/span><\/p>\n
Given the <\/span>current market climate<\/span><\/a>, many investors are looking for opportunities to hold on to their cryptocurrency assets in hopes of long-term gains.<\/span><\/p>\n
<\/iframe><\/div>\n
However, the recent history of Shiba Inu token prices suggests that its owners are not taking a similar approach.\u00a0<\/span><\/p>\n
This raises concerns that the token is being held for short-term gains rather than long-term investment, which could lead to further instability in the token’s value.<\/span><\/p>\n
-Featured image from PngTree, video from YouTube<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu is causing significant losses for its investors. Recent data reveals that the hype surrounding SHIB, the once darling of the meme coin industry, may have led many investors astray. At the time of writing, a staggering\u00a080%\u00a0of all Shiba Inu token address holders are experiencing losses on their holdings, a fact that is causing concern among cryptocurrency enthusiasts and investors alike. Despite the initial excitement surrounding Shiba Inu, it appears that the reality of the situation is starting to set in for many investors. With such a high percentage of token holders not expected to make any kind of money as of yet, it is clear that the hype train may have been running a little too fast. This sharp downturn in the market has left many crypto capitalists wondering what happened and whether their investments will ever recover. Related Reading: Ethereum Loses Grip On $1,800: Will The Bulls Barge In To Save The Day? Shiba Inu Token Holders Suffer Losses, Data Shows Addresses Unprofitable New data from IntoTheBlock indicates that the majority of Shiba Inu token holders are experiencing losses on their holdings. As of now, four out of five SHIB investors are holding unprofitable addresses, equating to 991,440 addresses with 497 trillion tokens valued at around $4.4 billion. This leaves only $668.4 million worth of SHIB that is currently profitable to its holders. The situation is further complicated by the fact that many of these unprofitable addresses purchased SHIB at the $0.000009 to $0.000014 price range. According to data, there are 348,170 such addresses, holding an enormous volume of 281.12 trillion SHIB.\u00a0 At present, the Shiba Inu token is ranked sixth among the largest cryptocurrencies in terms of the ratio of loss-making addresses to profitable ones. Source: Coingecko Recent SHIB Prices Raise Concerns About Long-Term Holding The current price of Shiba Inu token, listed at $0.00000892 per token on CoinGecko, is drawing attention due to its recent pricing history. SHIB total market cap at $5.15 billion on the daily chart at TradingView.com Related Reading: Crypto total market cap slides to $1.11 trillion on the daily chart at TradingView.com The fact that the token was priced at similar levels not long ago raises concerns about the motivations of current token holders, particularly in regard to their long-term holding strategies. The token’s recent 24-hour rally of 0.4% is far from impressive, but it is the 4.1% slump observed over the past seven days that is particularly troubling. This slump suggests that the token’s value is unstable and unpredictable, which could be a result of the high percentage of loss-making addresses. Given the current market climate, many investors are looking for opportunities to hold on to their cryptocurrency assets in hopes of long-term gains. However, the recent history of Shiba Inu token prices suggests that its owners are not taking a similar approach.\u00a0 This raises concerns that the token is being held for short-term gains rather than long-term investment, which could lead to further instability in the token’s value. -Featured image from PngTree, video from YouTube<\/p>\n","protected":false},"author":557,"featured_media":532781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,4735,84473,83667],"class_list":["post-532772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Coin Holders Hit Hard As 80% Of Addresses In Red<\/title>\n<meta name=\"description\" content=\"Shiba Inu is causing significant losses for its investors. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Coin Holders Hit Hard As 80% Of Addresses Smothered In Red","url":"http:\/\/uniquehot.com\/news\/shiba-inu-coin-holders-hit-hard\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-coin-holders-hit-hard\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-65.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-65.png?fit=797%2C373"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","price action","shib price","shiba inu"],"dateCreated":"2023-05-15T09:52:42Z","datePublished":"2023-05-15T09:52:42Z","dateModified":"2023-05-15T09:56:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Coin Holders Hit Hard As 80% Of Addresses Smothered In Red\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin-holders-hit-hard\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-coin-holders-hit-hard\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-65.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-65.png?fit=797%2C373\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-05-15T09:52:42Z\",\"datePublished\":\"2023-05-15T09:52:42Z\",\"dateModified\":\"2023-05-15T09:56:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-65.png?fit=797%2C373","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/532772"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=532772"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/532772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/532781"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=532772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=532772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=532772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}