Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to IntoTheBlock data, 30% of Shiba Inu holders are now holding for long-term reasons. This comes as Shiba Inu is recording more "hodlers" among its holder class. Per IntoTheBlock's holders' composition by time held, 30% of SHIB holders have held onto their tokens for more than a year, 67% have held within a year and 3% have held onto their tokens for less than a month.
Only a month ago, the percentage of SHIB "hodlers" was at 27%. The recent growth implies that more traders are holding onto their positions despite bearish market conditions seen across the board.
However, midterm holders, or so-called swing traders, have slightly decreased, along with short-term spectators. This remains an encouraging fact as more traders switch their focus to the long term.
Tomiwabold OlajideShiba Inu has also seen the addition of new owners in recent weeks. Per WhaleStats data, the Shiba Inu holder count stands at 1,224,213. An increase in the number of holders suggests interest in an asset over the long term.
At the time of publication, SHIB was changing hands at $0.00001083, marginally up in the last 24 hours. The SHIB price is garnering momentum for its next move, but the picture remains that of consolidation for now.
Shiba Inu's large transactions jump 90%
The number of large transactions is a useful metric for tracking the count of transactions greater than $100,000. Since this sum of money is not available to the average retail trader on-chain, the indicator acts as a proxy for the number of whales' and institutional players' transactions.
According to IntoTheBlock data, Shiba Inu's large transactions rose by 90%, indicating that a high amount of volume was potentially swapped by large players within the last 24 hours.
WhaleStats' analysis of the top 100 Shiba Inu holders indicates that the average SHIB balance of this category of holders increased marginally by 1.18%, while active addresses rose by a whopping 600%.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin