5,000 SHIB owners purchased at an all-time low, now holding 1,000% unrealized profit. These 5,000 SHIB holders are now holding cryptocurrencies with four-digit profits. Detail cryptocoin.com‘in.
Lucky 500 SHIB holders
According to data provided by IntoTheBlock, close to 5,000 traders and investors have purchased the Shiba Inu token, which is currently near an all-time low, showing a price increase of more than 1,000%. While there are some wallets that currently hold Shib at a massive 1,000% profit, most of the addresses that bought SHIB close to ATL likely sold their holdings as the token went to the new ATH. The 5,000 SHIB holders identified in the on-chain data are those who have not sold any of their assets and still choose to hold their funds rather than sell them. The all-time low in SHIB was reached on June 12, 2021. Memetoken was trading at $0.00000559 but quickly bounced back to the top of its trading range with a 40% price increase.
With the Shiba Inu token becoming increasingly popular in the crypto space, the number of short-term SHIB holders gradually increased in October. In September, the majority of SHIB holders held the tokens for 1-12 months, while in October the number of medium-term holders dropped to 60% from 85% previously. As the majority of asset holders are individual traders who prefer short-term profits over long-term holdings, the market should expect more volatility to emerge before long. Community attention indicates that individual attention is still present.
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