Home News Shiba Inu News Here is the Percentage of Shiba Inu Investors In Profit as Price Pumps Above $0.000014

Here is the Percentage of Shiba Inu Investors In Profit as Price Pumps Above $0.000014

Published Feb 29, 2024

Why Trust UsAt Coinfomania, we prioritize accuracy, transparency, and reliability. Our expert team consistently provides the most recent cryptocurrency news and developments. All information is thoroughly researched and unbiased, ensuring you make informed decisions. Trust us for comprehensive and well-analyzed crypto news, guides, and insights.

Lucky EboseleAuthor

As the global cryptocurrency market continues to rally in recent weeks, so as investors’ crypto holdings continue to rise in value.

57% of SHIB Holders in Profit

According to data from on-chain analyst IntoTheBlock, 57% of Shiba Inu (SHIB) holders are currently in profit as the price of the memecoin surged 25.6% in the past day to $0.000014.

Data from CoinGecko shows that with the 25.6% surge, SHIB outperformed the global crypto market. In contrast, bitcoin (BTC) and ether (ETH) gained 9% and 5.43% respectively.

Meanwhile, the latest data from IntoTheBlock shows that 6% of SHIB holders either made or lost money on their investment, while only 37% are currently at a loss.

How Long Have Investors Held?

The data also shows that 76% of SHIB holders are large holders. Additionally, 77% of SHIB holders have held their tokens for longer than a year, 21% have held from one to twelve months, and only 2% have held their tokens for less than a month.

IntoTheBlock revealed that much money has been moved around in SHIB over the past week. In total, there were $345.99 million worth of transactions where each transaction was more than $100,000. This suggests a growing institutional interest in SHIB.

While 57% of SHIB holders are currently in profit, the percentage could increase over time as analysts forecast a more bullish outlook for the dog-themed memecoin in the coming weeks.

In a recent post on X (Twitter), Shiba Inu marketing lead Lucie stated that SHIB could surge 800% in a week, citing factors like slow burns and steady demand.

$SHIB surged 800% in a week without any burns in 2021.

Eager to see the outcome in 2024.

Slow burns and steady demand are essential.$SHIB is poised for growth and waits for no one.

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) February 28, 2024

An 800% surge will see SHIB erasing one zero from its current price of $0.000014 to $0.000121. This also means the token would be hitting a new all-time high (ATH).