Shiba Inu looks to recover the losses incurred in recent times, as a 15% drop this month currently leaves over 1 million holders in loss. Shiba Inu (SHIB) has not escaped the impact of the prevalent market-wide turmoil. The asset has dropped by over 15% this month, breaking below the potent $0.00001 support. As this crash puts over 1 million SHIB holders at loss, the asset is now looking to stage a recovery back to the $0.00001 territory. Data from the on-chain data intelligence provider IntoTheBlock suggests that, at the asset's current price, up to 81% of Shiba Inu investors are facing losses on their investments. Etherscan data confirms that SHIB currently boasts an estimate of 1.3 million holders. This leaves 1,053,000 addresses at loss.  Moreover, IntoTheBlock reveals that only 16% of holders, translating to 200K+ addresses, are witnessing a profit. In addition, about 39,000 addresses are at a break-even point. This indicates that these holders are neither seeing profits nor losses on their investments. [caption id="attachment_49011" align="alignnone" width="600"] Shiba Inu SHIB Holders[/caption] This bearish reality is as a result of the ongoing market-wide bloodbath that has battered SHIB below the $0.00001 threshold. According to IntoTheBlock, the majority of Shiba

Shiba Inu Eyes Recovery as a 15% Drop This Month Leaves 1M+ Holders in Loss

TheCryptoBasic

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