Shiba Inu (SHIB) has reached a historic milestone in the number of long-term investors. The bearish market seen in the market since the beginning of 2022 has put these strong hands to the test, but investors have not given up, according to the data.
According to IntoTheBlock, all Shiba Inu investors who have held meme coins for more than a year are referred to as “long-term investors.” In this context, SHIB has gained significant momentum since the beginning of the year, with the percentage of investors rising from 1% to 55%.
Koinfinans.com As we reported, bearish market conditions exacerbated by major crashes like Terra and FTX have resulted in a general loss of faith. By contrast, the situation looks different for Shiba Inu investors, as “investors” referring to faithful owners are on the rise.
For better understanding, the number of long-term holders (“hodlers”) for Litecoin and Polygon is 44% and 31%, respectively.
Whales are accumulating meme coins
Besides, WhaleStats to the data The meme coin is the largest investment of the top 5,000 ETH whales “holding” SHIB at $76,984,166, according to the report.
🐳 The top 5000 #ETH whales are hodling
$76,984,166 $SHIB
$50,914,025 $UNI
$49,770,259 #UnknownToken
$36,478,839 $BIT
$36,340,880 $BEST
$34,383,558 $LINK
$32,254,590 $LOCUS
$32,225,294 $MOCWhale leaderboard 👇https://t.co/kOhHps8XBB pic.twitter.com/kq9a5iInuG
— WhaleStats (tracking crypto whales) (@WhaleStats) December 3, 2022
SHIB also managed to be among the top 10 purchased tokens in the category of 1,000 largest ETH whales in the last 24 hours.
At press time, the meme coin is trading at $0.0000093.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.