Shiba Inu

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
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The buzz around <a href="https://u.today/shiba-inu-lead-shytoshi-kusama-throws-shade-at-elon-musks-x" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) seems to never die down, and a closer look reveals a compelling reason behind the latest price surge. Since July 1, SHIB has witnessed an impressive 25% hike. But why? The answer might lie in a crucial metric: holder <a href="https://app.intotheblock.com/coin/SHIB" rel="noopener noreferrer nofollow">distribution</a>. 
Recent data suggests that the composition of Shiba Inu holders is skewing toward those who are in it for the long haul. A significant 70% of SHIB's holders have now been holding onto their assets for more than a year. This is a remarkable shift and speaks volumes about the changing perception of the meme coin. 
<img alt="Shiba Inu " data-entity-type="file" data-entity-uuid="e26877ce-0143-4676-bec2-40cc8740a9f0" src="https://u.today/sites/default/files/inline-images/10082_0.PNG">Source: <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a> 
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Historically, meme coins, including <a href="https://u.today/shiba-inu-shib-smashes-big-milestone-as-epic-era-unfolds" rel="noopener noreferrer nofollow">SHIB</a>, were viewed as quick, speculative plays by many in the cryptocurrency community. A rapid buy-sell pattern often leads to volatile price swings, as short-term traders attempted to capitalize on short-lived price movements. However, the increasing proportion of long-term holders indicates a maturing investor base that sees potential value in holding SHIB beyond mere speculative gains. 
This transformation in holder composition can have profound implications for Shiba Inu's price performance. With a majority of investors holding onto their SHIB for extended periods, the coin's liquidity is reduced, making it less susceptible to wild price fluctuations resulting from massive sell-offs. Furthermore, a committed holder base provides a foundational level of support to the coin, making it more resilient during market downturns.

Shiba Inu (SHIB) Bull Run Easy to Explain With This Metric

U_Today

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