Since most of the owners of Shiba Inu (Shib) are currently in countries, the popular Meme coin is faced with difficult times. The latest data from Intotheblock show that 59% of tokens holders “get out of money”.
This means that they keep tokens at a price above its current market value. The data also show that only 4% of them are free, while 37% are profitable.
This indicates a difficult period for Shiba Inu, given that the token recorded huge benefits in 2021.
Trading and reduction of community involvement
At the time of writing, the SHIB price is $ 0.000013, which is 0.71% for the last day, according to CoinmarketCap. Over the past 24 hours, the volume of trading has fallen by 2.61% to 133.6 million dollars. USA.
Earlier today, U.todey said that the total transaction volume for this token has grown from 1.8 trillion to 7.37 trillions of Shib tokens. This indicator, which shows how much tokens is bought and sold over the last day, suggests that less people sell Shib compared to recent days.
The decreasing trend of token is additionally confirmed by a decrease in interaction with the community. Over the past week, membership in a telegram fell by 0.38%. This indicator is a key indicator of the activity and interest of investors in crypto projects.
Therefore, this fall suggests that some holders may lose confidence or interest in Token in the short term. Nevertheless, the long -term tendency to owners implies faith in the future of token, and 78% of SHIB holders keep their tokens for more than a year.
The new investor is of interest in Shiba.
Meanwhile, the fresh interest in Shiba, in the same way, has cooled significantly over the past month, since only 2% of SIB holders are new investors in token during this period. Meanwhile, Shib has a strong correlation with bitcoins, with an estimate of 0.84 out of 1.0.
This shows that it moves exactly in the same direction with BTC, whether up or down. Intoleblock data also showed that over the past seven days, the large volume of Shiba transactions has reached $ 184.96 million.
This proves that the institutional interest in token is still strong, even if retail interest cools. Any tendency to increase Shiba price It will depend on whether it falls on a wider recession in the market or the Shiba Inu ecosystem acquires more acceptance.
