How Many People Who Own Shiba Inu Are Losing Money at the Current Prices?

By Gaurav Kudekar

Published on:

Who Own Shiba Inu Are Losing Money At The Current Prices

Who Own Shiba Inu Are Losing Money At The Current Prices: Shiba Inu’s price has been going down in the last few weeks, and now it’s trying hard to stay above $0.000009. Because of this drop, most people who invested in this meme cryptocurrency are facing losses that haven’t turned into real money yet.

Based on information from Into The Block, 67% of people who own SHIB don’t have any profits, only 27% have made money with the current low prices, and 6% have SHIB at a price where they neither gain nor lose.

Shiba Inu has 1.38 million people who own it right now. Out of these, 67%, or 924,600 addresses, bought Shiba Inu when its price was higher. Only a smaller part, which is 372,600 addresses, bought it at a lower price and could sell Shiba Inu now to make a profit.

In the past four months, more people who own SHIB have started making money. In September 2023, The Crypto Basic said that over 87% of SHIB owners were losing money when prices went down to $0.00000725.

Ideally, most people who own SHIB coins hope that the price will keep going up, improving their position on the profit and loss chart. At the same time, more data indicates that most SHIB owners are determined and waiting for prices to go even higher.

The majority of SHIB Holders Stick Around In Tough Times

Many investors who own SHIB have kept it for a year or longer, which could be a good sign that the prices might improve.

In June 2023, Shiba Inu hit its lowest point in the bear market, reaching $0.0000068. Since then, it has been slowly recovering. More big investors (whales) have been buying, supporting Shiba Inu to keep going up if the positive trend in the overall cryptocurrency market gets stronger.

Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.

Gaurav Kudekar

I am a multifaceted content creator with expertise in blogging, finance, and cryptocurrency reviews. My creative journey involves weaving captivating stories into blogs, designing aesthetically pleasing and functional websites, and dissecting the nuances of cinema. We are dedicated to sharing our passion and insights with a global audience.

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