Shiba

2024

Million

Shiba Inu

Billion

<div class="watcher-guru">
 <p>Shiba Inu is currently trading at $0.000008929 and is down nearly 1% in the day’s trade. SHIB has been on a downward trend for more than a year lately making investors lose a lot of money. The dog-themed token is no longer the once ‘golden egg’ laying hen that made early investors turn millionaires. It has now turned from a profit-making machine to a loss-generating token since early 2022. The token is no longer attractive to the average investor despite its price being under the 1-Cent mark.</p>
 <p><strong>Also Read: Shiba Inu (SHIB): Man Makes $5.7 Billion in 400 Days</strong></p>
 <p>In this article, we will highlight the latest data on how many Shiba Inu investors are facing losses currently. The data gives insights about investors’ portfolios and how many holders are enjoying profits vs losses.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-shiba-inu-how-many-shib-holders-are-suffering-from-losses-and-enjoying-profits">Shiba Inu: How Many SHIB Holders Are Suffering From Losses and Enjoying Profits?</h2>
 <figure class="wp-block-image size-full"><img decoding="async" width="728" height="410" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="shiba inu shib water" class="wp-image-47507 ewww_webp" sizes="(max-width: 728px) 100vw, 728px" data-src-img="https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp" data-src-webp="https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp.webp 728w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp.webp 300w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp.webp 380w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp.webp 550w" data-srcset-img="https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 728w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 300w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 380w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 550w" data-eio="j">
  <noscript><img decoding="async" width="728" height="410" src="https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp" alt="shiba inu shib water" class="wp-image-47507" srcset="https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 728w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 300w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 380w, https://cdn.thebittimes.com/images/2024/02/05/3356b807588665fd9ab38527f1f8e38e.webp 550w" sizes="(max-width: 728px) 100vw, 728px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: Pixabay
  </figcaption>
 </figure>
 <p>The latest data from IntoTheBlock shows that 65% of Shiba Inu holders are currently underwater and experiencing losses. Only 29% of investors are enjoying profits in the dog-themed cryptocurrency. However, just 6% of Shiba Inu holders are currently breaking even with no profits or losses.</p>
 <p><strong>Also Read: Shiba Inu: $9 Can Make You a SHIB Millionaire in February 2024</strong></p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Therefore, the majority of SHIB holders are currently under loss with only a few in profits. Just a handful of them are breaking even and the prospects don’t seem bright. In addition, around 78% of SHIB’s wealth is concentrated with a handful of investors.</p>
 <p>The development is alarming as it poses a risk of large sell-offs that could lead to dramatic price slumps. The move could create large ripple effects that could trigger another round of sell-offs leading to a domino effect.</p>
 <p><strong>Also Read: Shiba Inu: $905 Investment Could Turn $1 Million if SHIB Hits $0.01</strong></p>
 <p>At press time, SHIB was trading at $0.000008929 and is down close to 1% in the 24-hour day trade. SHIB is also down nearly 90% from its all-time high of $0.00008616, which it reached in October 2021.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-latest-news-how-many-shib-holders-are-in-profits-tbt78856.html">https://thebittimes.com/shiba-inu-latest-news-how-many-shib-holders-are-in-profits-tbt78856.html</a></p>

Shiba Inu Latest News: How Many SHIB Holders Are in Profits?

Table of Contents

TheBitTimes

Other articles published on Feb 5, 2024

BNB Price Increase To Continue? This Resistance Could Trigger Fresh Rally

Shibarium witnesses surge in new users as it hits transaction milestone

Voodoo Launches Innovative Intent Perpetual DEX in Upcoming Public Sale LBP (5 Feb)

Churro Announces Launch on Solana with Upcoming Exclusive Utilities

Shiba Inu’s Shibarium Network Marks Historic Milestone, Catalyst For A Surge?

Chainlink Draws Big Player Investment with Multimillion-Dollar LINK Buy

Join our free newsletter for daily crypto updates!