Shiba Inu Investors Bleeding: 91% Losing Money - What's Going On?
Are you a Shiba Inu (SHIB) holder wondering why your portfolio is down? You're not alone. According to Shiba Inu data released by IntoTheBlock, a remarkable 91% of SHIB holders are currently losing money on their investments. This is a significant statistic that reflects the current state of the meme coin market and Shiba Inu's performance specifically.
The data showcases the harsh reality for many investors who bought SHIB during its peak. The plunge of Shiba Inu’s price, a staggering 92% drop from its all-time high of $0. (reached sometime in the past), has left many investors who bought at or near peak prices underwater. This means over 91% of Shiba Inu (SHIB) holders are losing money on their positions.
June 15 (Cointime) - According to data from IntoTheBlock, 91% of Shiba Inu (SHIB) holders are currently experiencing losses on their positions. The blockchain data paints a clear picture: buying high and holding through the decline has resulted in significant losses for the vast majority of SHIB investors.
Based on this blockchain data, at the current Shiba Inu price, just 7% of Shiba Inu holders are in the money or making profits on their positions. A total of 91% of SHIB holders are facing losses. What does this mean for the future of SHIB?
This situation highlights the volatility and risk associated with meme coins. While SHIB saw incredible gains in the past, the current market conditions have exposed its susceptibility to price swings. Investors should carefully consider their risk tolerance and conduct thorough research before investing in any cryptocurrency.
Key Takeaways:
- 91% of Shiba Inu (SHIB) holders are currently losing money.
- The SHIB price is significantly down from its all-time high.
- Meme coins are inherently volatile and risky investments.
- Conduct thorough research before investing in any cryptocurrency.