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MainNewsLess Than 11...

Less Than 11% of Shiba Inu Holders in Profit Despite Trump-Fueled Rally to $0.00001190


Apr, 10, 2025
2 min read
by Vignesh k
for TheNewsCrypto

Is Shiba Inu (SHIB) Gearing Up for a Trend Reversal?

  • Shiba Inu rebounds 19.74% from recent lows after Trump announces 90-day tariff pause.
  • Only 10.4% of Shiba Inu addresses (482,970) currently profitable according to on-chain data.
  • Vast majority (87.02%) of holders underwater despite recent price recovery.

Shiba Inu (SHIB) has experienced a notable price recovery following President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs, yet on-chain data reveals that the vast majority of holders remain in the red.

The meme cryptocurrency currently trades at $0.00001198, representing a significant rebound from recent lows but still far below levels needed for most investors to break even.

The price surge came as financial markets responded positively to easing global economic tensions. SHIB had previously plunged to a multi-month low of $0.00001031 earlier this week amid escalating tariff concerns.

Following Trump’s announcement of the temporary trade truce, the token rebounded to $0.00001213 yesterday, marking a 19.74% increase from its recent bottom. However, a slight retracement has since occurred, bringing SHIB to its current level.

Shiba Inu profitability nosedives

Despite this recovery, data from blockchain analytics platform IntoTheBlock paints a sobering picture of investor profitability. Only 10.40% of all Shiba Inu on-chain wallets—representing 482,970 addresses—are currently “in the money,” meaning they acquired SHIB at an average cost below the current price. These profitable addresses collectively hold 102.43 trillion SHIB tokens valued at approximately $1.22 billion.

Source: IntoTheBlock

The overwhelming majority of Shiba Inu investors remain underwater on their investments. IntoTheBlock’s data indicates that 898,230 addresses, constituting 87.02% of all SHIB holders, are “out of the money” or currently experiencing losses. These addresses purchased a combined 857.13 trillion SHIB at prices above the current trading level.

A small fraction of holders, approximately 63,680 addresses (2.58%), are classified as “at the money,” indicating they are breaking even at the current price. These addresses control 25.42 trillion SHIB tokens worth about $304.53 million.

The current price represents a significant decline from SHIB’s December 8 peak of $0.00003329, highlighting the substantial correction the token has experienced in recent months. Despite this prolonged downtrend, the Shiba Inu community has demonstrated remarkable resilience.

IntoTheBlock data shows that approximately 1.45 million addresses currently hold SHIB, making it one of the most widely held tokens in the cryptocurrency ecosystem. More impressively, 77% of these wallets have maintained their positions for over a year.

Read the article at TheNewsCrypto

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MainNewsLess Than 11...

Less Than 11% of Shiba Inu Holders in Profit Despite Trump-Fueled Rally to $0.00001190


Apr, 10, 2025
2 min read
by Vignesh k
for TheNewsCrypto

Is Shiba Inu (SHIB) Gearing Up for a Trend Reversal?

  • Shiba Inu rebounds 19.74% from recent lows after Trump announces 90-day tariff pause.
  • Only 10.4% of Shiba Inu addresses (482,970) currently profitable according to on-chain data.
  • Vast majority (87.02%) of holders underwater despite recent price recovery.

Shiba Inu (SHIB) has experienced a notable price recovery following President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs, yet on-chain data reveals that the vast majority of holders remain in the red.

The meme cryptocurrency currently trades at $0.00001198, representing a significant rebound from recent lows but still far below levels needed for most investors to break even.

The price surge came as financial markets responded positively to easing global economic tensions. SHIB had previously plunged to a multi-month low of $0.00001031 earlier this week amid escalating tariff concerns.

Following Trump’s announcement of the temporary trade truce, the token rebounded to $0.00001213 yesterday, marking a 19.74% increase from its recent bottom. However, a slight retracement has since occurred, bringing SHIB to its current level.

Shiba Inu profitability nosedives

Despite this recovery, data from blockchain analytics platform IntoTheBlock paints a sobering picture of investor profitability. Only 10.40% of all Shiba Inu on-chain wallets—representing 482,970 addresses—are currently “in the money,” meaning they acquired SHIB at an average cost below the current price. These profitable addresses collectively hold 102.43 trillion SHIB tokens valued at approximately $1.22 billion.

Source: IntoTheBlock

The overwhelming majority of Shiba Inu investors remain underwater on their investments. IntoTheBlock’s data indicates that 898,230 addresses, constituting 87.02% of all SHIB holders, are “out of the money” or currently experiencing losses. These addresses purchased a combined 857.13 trillion SHIB at prices above the current trading level.

A small fraction of holders, approximately 63,680 addresses (2.58%), are classified as “at the money,” indicating they are breaking even at the current price. These addresses control 25.42 trillion SHIB tokens worth about $304.53 million.

The current price represents a significant decline from SHIB’s December 8 peak of $0.00003329, highlighting the substantial correction the token has experienced in recent months. Despite this prolonged downtrend, the Shiba Inu community has demonstrated remarkable resilience.

IntoTheBlock data shows that approximately 1.45 million addresses currently hold SHIB, making it one of the most widely held tokens in the cryptocurrency ecosystem. More impressively, 77% of these wallets have maintained their positions for over a year.

Read the article at TheNewsCrypto

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