Here Are How Many Shiba Inu Holders in Loss at Current Prices

Around 67% of Shiba Inu holders are at a loss at current prices but remain resolute ahead of a potential bull run.

The price of Shiba Inu has struggled in the past few weeks, with the cryptocurrency now battling to maintain a footing above $0.000009. This bearish performance means that a significant majority of investors in the memecoin sit on unrealized losses.

According to data from IntoTheBlock, 67% of SHIB holders are out of money, with only 27% of investors recording profits at the current depressed prices. Another 6% of investors hold SHIB at a breakeven price.

With Shiba Inu having 1.38 million holding addresses at the time of writing, the 67% means that 924,600 addresses holding the cryptocurrency acquired it at higher prices. Only a smaller fraction, 372,600 addresses, got in at lower prices and can afford to sell SHIB at its current value and still make a profit.

It is noteworthy, however, that the percentage of SHIB holders in profit has improved over the course of the last four months. In September 2023, The Crypto Basic reported that over 87% of SHIB holders were in losses after prices dropped as low as $0.00000725.

Ideally, the majority of SHIB holders will remain hopeful of a steady increase in price, changing their position on the profit and loss chart. Meanwhile, additional data shows that the majority of SHIB holders are resolute and waiting for higher prices.

Majority of SHIB Holders Stick Around In Tough Times

A positive indicator of a potential turnaround in SHIB prices is that the majority of investors have held the asset through its worst period. IntoTheBlock data shows that 76% of SHIB holders have held the asset for a year or more.

Shiba Inu reached its lowest bear market point of $0.0000068 in June 2023 and has since made a gradual recovery. Whale buying activity has also been on the rise, backing SHIB to sustain its recovery run if the bullish momentum on the crypto market hits top gear.