Here’s how many Shiba Inu owners are at a loss at current prices

Approximately 67% of Shiba Inu keepers are at a loss at current prices, but remain steadfast ahead of a potential bull run.

The price of Shiba Inu has struggled in recent weeks, with the cryptocurrency now struggling to maintain a position above $0.000009. This bearish performance means that a significant majority of memecoin investors are facing unrealized losses.

Second data from IntoTheBlock, 67% of SHIB holders are out of money, with only 27% of investors reporting profits at current low prices. Another 6% of investors hold SHIB at break-even price.

Given that Shiba Inu has 1.38 million addresses holding as of this writing, 67% means that 924,600 addresses holding the cryptocurrency have purchased it at higher prices. Only a smaller fraction, 372,600 addresses, entered at lower prices and can afford to sell SHIB at its current value and still make a profit.

Interestingly, however, the percentage of SHIB holders in profit has improved over the past four months. In September 2023, The Crypto Basic reported that over 87% of SHIB holders they were at a loss after prices fell as low as $0.00000725.

Ideally, most SHIB holders will continue to hope for a steady increase in price, changing their position on the profit and loss chart. Meanwhile, further data shows that the majority of SHIB holders are resolute and await higher prices.

Most SHIB holders stay alive in difficult times

A positive indicator of a potential turnaround in SHIB prices is the fact that most investors held on to the asset during its worst period. IntoTheBlock data shows that 76% of SHIB holders have held the asset for a year or more.

Shiba Inu reached its bear market low point of $0.0000068 in June 2023 and has seen a gradual recovery since then. Whale buying business has also been on the rise, supporting SHIB to sustain its recovery run if the bullish momentum in the cryptocurrency market reaches full speed.

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