More Than 75% of Shiba Inu (SHIB) Holders Now Under Loss: What's Happening? Shiba Inu (SHIB), a meme-based cryptocurrency, continues to face pressure in the market, leaving many investors still holding at a loss. Is this a temporary dip or a sign of things to come? Recent data paints a concerning picture for SHIB investors.

Shiba Inu Profitability Plummets: A Deep Dive Several sources indicate that Shiba Inu (SHIB) profitability reaches a historic low. As per data curated by IntoTheBlock, 76 percent of Shiba Inu holders were at a loss. However, other reports suggest an even grimmer reality. Some analyses suggest over 85% of SHIB holders are at a loss, while others indicate that over 90% of SHIB holders are currently at a loss, with only a tiny fraction, around 5.7%, in profit as the price struggles.

Why Are SHIB Holders in the Red? The price of Shiba Inu has struggled in the past few months. A key technical resistance hinders any sustainable price progress. Contributing to the downturn is decreased whale activity. Whale activity has dropped sharply, with inflows and outflows significantly reduced, indicating a lack of large-scale investment or trading enthusiasm.

Data Supports the Loss Trend Further solidifying the bearish sentiment, recent data revealed that over 70 percent of the asset’s current holders were at loss. This aligns with IntoTheBlock data showing around 67% of Shiba Inu holders are at a loss at current prices but remain resolute ahead of a potential bull run.

What's Next for Shiba Inu? While the current situation looks bleak, many SHIB holders remain hopeful. The community is waiting for a potential bull run. Whether this hope will translate into actual gains remains to be seen, but for now, the vast majority of Shiba Inu holders are navigating significant losses.