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Over half of the 1,399,974 wallets holding Shiba Inu are currently profitable as SHIB rebounds to $0.00002652.
Shiba Inu has flashed signs of recovery in the last 24 hours, slightly overcoming the bears to reclaim the $0.000026 threshold. As of yesterday, Shiba Inu bottomed at $0.00002468 but has since soared significantly to $0.00002652. This trajectory marks a notable 7.45% gain for SHIB.
This week, Shiba Inu had encountered opposition during the recovery from the massive dip of two weeks ago. The resistance forced SHIB back to the $0.000024 threshold. However, the asset appears to have surmounted this hurdle as it reached $0.00002652 today.
Shiba Inu Holders in Profit After $0.00002652 Comeback
Now, at Shiba Inu’s market value, the on-chain record shows that more than half of SHIB investors hold the asset in a profitable position. According to intelligence platform IntoTheBlock, 63% of SHIB holders are “in the money,” essentially in profit with the asset at $0.000025.
Conversely, 32% of investors are shouldering losses with their Shiba Inu holdings. IntoTheBlock data suggests that only 5% of holders are “at the money,” neither incurring losses nor making a gain.
It is worth mentioning that the current profitability ratio of Shiba Inu holders is down significantly from the figure recorded six weeks ago. The Crypto Basic reported last month that as much as 84% of SHIB holders were profitable. Remarkably, at the time, Shiba Inu traded at $0.00004533, one of its two-year highs.
Shiba Inu Whale Transactions Tank by 80%
At press time, 1,399,974 wallets hold Shiba Inu. Among these holders, 75% are committed long-term investors who have held the asset for over a year. Meanwhile, 21% of them purchased SHIB within the last 12 months. Individuals who acquired Shiba Inu within the last 30 days account for just 4% of the holder spectrum.
Furthermore, IntoTheBlock statistics indicated that large investors, or whales, dominate the Shiba Inu holder spectrum. In particular, the data highlighted that the concentration of larger holders for Shiba Inu is 73%.
Additionally, the collective worth of whale transactions surpassing $100,000 over the last seven days is $732.41 million. According to data from IntoTheBlock, 201 such transactions were recorded yesterday on April 15.
Meanwhile, this current figure marks a staggering $3.05 billion deficit compared to the amount of whale transactions recorded on March 4. In percentage terms, whale transactions have crashed by over 80.67% since last month as Shiba Inu dipped.