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BONE Is Safer Than Shiba Inu (SHIB) for Its Holders: IntoTheBlock

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Sun, 5/03/2023 - 11:56
BONE Is Safer Than Shiba Inu (SHIB) for Its Holders: IntoTheBlock
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According to data from IntoTheBlock, the number of BONE holders in profit right now is almost 74% of all addresses, despite a 20% drop in price over the past week. In comparison, the number of profitable holders of Shiba Inu tokens by today is only 30.56%, which is more than half the number of those suffering losses in SHIB. The statistical anomaly is that SHIB has only lost 12% in price in the last two weeks.

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The most profitable investors in BONE are those who bought the token at prices between $0.007244 and $0.3316. There are 21,830 such addresses and they hold a combined 6.36 million BONE. Those who did manage to lose — there are 11,370 such addresses — bought the token from $1.68 to $2.02.

Not everything is so clear-cut

However, there is a significant difference in the total number of addresses between the two tokens of the Shiba Inu ecosystem. If the data is to be believed, the number of addresses of BONE holders is just over 76,200, while SHIB has 16.6 times as many, i.e., 1.267 million. Thus, the statistical sample of addresses of SHIB holders is much larger.

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It is also important to clarify that the concentration of large capital in BONE is greater than in SHIB. Thus, the proportion of whales and midsize investors in the former is 55.4%, while the latter has 38%.

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