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According to analytics platform IntoTheBlock, currently the smallest number of Shiba Inu (SHIB) holders are making a profit, as the meme coin is almost 70% below its all-time high.
To determine which holders are currently suffering losses, IntotheBlock specialists studied wallets with Shiba Inu balance, determined the average purchase amount of coins and compared the figure with the current price of the competitor Dogecoin (DOGE).
The user has lost on investments if the average purchase amount exceeds the current price. It is listed as “profitable” if the average purchase price is below the current price.
When the average price equals the current price, the owner is assigned the status “in the money” or at breakeven.
Since it is currently trading at $ 0.000028, 54% of Shiba Inu holders are in the red. Only 40% of Shiba Inu investors make a profit, 4% break even.
IntoTheBlock data also shows that 78% of Shiba Inu holders qualify as cryptokit.
Analysts added that 89% of SHIB holders own coins from one to 12 months, 11% own Shiba Inu for less than one month.
According to the WhaleStats cryptokit activity monitoring platform, the 1000 largest OTC Ethereum whales currently own SHIB worth $ 1.39 billion. SHIB is now the third largest Ethereum whale asset. ETH itself ranks first, followed by the utility token of the FTX FTT crypto derivatives exchange.
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