The post 78% of Shiba Inu (SHIB) Holders Stay Long-Term Despite Price Dip appeared on BitcoinEthereumNews.com.

Trading activity and community engagement decline New investor interest in Shiba Inu cools With the majority of Shiba Inu (SHIB) holders currently in losses, the popular meme coin is facing challenging times. The latest IntoTheBlock data shows that 59% of token holders are “out of the money.” This means they are holding the tokens at a price higher than its current market value. The data also shows that only 4% of them are at break-even, while 37% are in profit. This indicates a tough period for Shiba Inu, given that the token recorded massive gains in 2021. Source: IntoTheBlock Trading activity and community engagement decline At the time of writing, SHIB price is $0.000013, down 0.71% in the last day, according to CoinMarketCap data. The trading volume is down by 2.61% to $133.6 million in the last 24 hours. Earlier today, U.Today reported that the total transaction volume for this token rose from 1.8 trillion to 7.37 trillion SHIB tokens. This metric, which shows how much of the token is being bought and sold within the last day, suggests that fewer people are trading SHIB compared to recent days. You Might Also Like The token’s downward trend is further confirmed by a drop in community engagement. Over the past week, Telegram membership has dropped by 0.38%. This metric is a key indicator of activity and investor interest in crypto projects. Hence, this drop suggests that some holders may be losing confidence or interest in the token in the short term. However, the long-term holding trend suggests belief in the token’s future, with 78% of SHIB holders holding their tokens for more than a year. New investor interest in Shiba Inu cools Meanwhile, fresh interest in Shiba Inu seems to have cooled significantly over the past month, as only 2% of…

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Filed under: News - @ May 7, 2025 2:29 pm