Shiba Inu (SHIB) Profitability Is Finally Back at Double-Digit Level

Shiba Inu, the meme coin that took the crypto world by storm, is showing signs of life again. After languishing in the 7-9% profitability range — a level so low it practically screamed "don't bother" — the coin has clawed its way back to the 10% profitability mark.

This is a breath of fresh air for long-term holders, many of whom have been carrying this asset like a millstone around their necks.

As of the latest data, Shiba Inu is trading at $0.0000073. While this might not sound like much, it is a significant uptick for a coin that seemed to be stuck in a profitability rut. The jump to 10% profitability is a far cry from the glory days of 2021 when Shiba Inu was a money-making machine. But it is a start, and for many, it is a sign that maybe — just maybe — it is time to pay attention to this meme coin again.

Now, let's talk about the elephant in the room: the long-term holders. These are the folks who have been holding onto Shiba Inu through thick and thin, through highs and lows and pretty much everything in between.

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Shiba Inu Official Reveals What to Expect From SHIB in Next Bull Cycle

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With profitability finally hitting double digits, the temptation to sell is going to be strong. After all, who wouldn't want to offload an asset that has been more of a liability than a boon? But here's the kicker: If everyone starts selling, we could see a price drop that sends Shiba Inu back to the gloom.

Shiba Inu's current price stands at a neutral short-term level, indicating a passive approach among Shiba Inu investors, who are not yet ready to make serious moves. However, it is worth noting that Shiba Inu does not have a significant presence in the DeFi landscape, unlike blockchains like Solana or Ethereum.