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Here's How Many SHIB Holders Are Making Money at Current Price

Fri, 12/02/2022 - 13:36
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Gamza Khanzadaev
Shiba Inu (SHIB) allows these investors to make money even at current price
Here's How Many SHIB Holders Are Making Money at Current Price
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Despite SHIB's price being at multi-month lows, a fairly large proportion of token holders are still in profit as CoinMarketCap and IntoTheBlock data show. According to the portal, 18% of all SHIB holders are making money on the asset right now.

A deeper look into the data reveals interesting insights. The data claims that 54% of investors in SHIB have held positions for more than a year, followed by 38% of those holding from one month to a year and 8% of those holding for less than a month. At the same time, large holders hold more than 80% of SHIB's supply.

Millions of SHIB Burned in Three Big Transactions, Price Regains Key Level

Shiba Inu holders: winners and losers

Interesting parallels emerge from the data presented. It is certainly accurate to say that those wallets that are currently in profit on SHIB are more likely to be large long-term holders. However, given SHIB's price action since November, it can be said that those short-term holders who bought the token at the end of the month are now also making money.

It is also possible that the recent exodus of Shiba Inu holders, as reported by U.Today, was precisely from the same 38% who hold SHIB from one month to a year. Most of them are likely to make up the 73% of holders who are now generating losses in SHIB. Nevertheless, the possibility that the number of SHIB holders fell by 2.3% as a result of profit-taking also cannot be dismissed.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.