meme token Shiba Inu (SHIB)the number of HODLers who are long-term investors is on the rise.
According to IntoTheBlock data, those who have held the SHIB token for more than a year cryptocurrency The number of addresses has increased by 1,900% since last January to 3,750. However, the number of addresses holding SHIB tokens for less than a month decreased by 38% to 49,790.
Long-Term Shiba Inu Investors Store Tokens
Long-term investors’ wallet balances, on the other hand, increased by 127% in the same period and reached 27.93 trillion. The amount of tokens held by long-term investors has increased by 57% in the last 30 days.
However, the number of addresses holding Shiba Inu tokens for 1 to 12 months has decreased by 2% since January. The amount of coins owned by the same investors increased by 40% in the same period, reaching 32 trillion.
This trend towards HODL can be considered as a positive development for SHIB.
IntoTheBlock said in a statement on Telegram:
“Shiba Inu’s HODL investors have been accumulating coins regardless of the dips in the past weeks and have been rewarded with the announcement of Robinhood.”
As it is known, the popular cryptocurrency exchange Robinhood listed SHIB on Tuesday. After that altcoin The price had risen by about 22%.
HODLers Own 5 Percent of Circulation
According to experts, although it is a positive development that long-term investors accumulate tokens despite the low price performance recently, these investors own only 5% of the 549 trillion Shiba Inu tokens in circulation. However, medium-term investors holding tokens for 1 to 12 months hold more than 93% of circulation, according to the data.
Therefore, experts think that the price action of the SHIB token, which is dominated by speculators, may continue in this way for a long time.
*Not investment advice.