Investors Are Abandoning This Meme Coin: Here are the Details!

According to IntoTheBlock, shiba inu (SHIB) is witnessing a major shift in the number of large transactions processed through its network.

IntoTheBlock defines large transactions as transfers greater than $100,000.

Shiba Inu’s current major trading momentum indicator is down 3.08%, according to the analysis firm. It is possible to say that this is also a bearish signal.

SHIB is trading at $0.000011 at the time of writing. The 15th-ranked crypto asset by market cap has dropped more than 1.70% in the last 24 hours and more than 15% in the last 30 days. Even with the last correction, the Ethereum (ETH)-based memecoin is up 37.5% since the start of 2023.

IntoTheBlock also reports that the vast majority of SHIB holders continue to be at a loss on their investment in the asset.

analysis firm, meme coin He stated that only 30% of holders make money at the current price of the asset. On the other hand, he states that 5% lost and 65% lost.

The firm also stated that 67% of Shiba Inu owners have held their SHIB for more than a year. However, 30% of them state that they have the best meme token for between one month and 12 months. The remaining 3% of SHIB owners have had their Shiba Inu for less than a month.

As we have reported as Koinfinans.com crypto- The asset meme coin is down more than 87% from its all-time high of $0.00008616, which it reached in late October 2021.

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