According to crypto analytics firm intoblockcryptocurrency Shiba Inu shib/usd Is experiencing a drastic change in large transactions.
On Saturday, IntoTheBlock informed of that the vast majority of SHIB holders continue to be underwater on their investment in the property.
The Shiba Inu’s current large-transaction momentum indicator is Below 3.08%, indicating bearishness.
However, 67% of Shiba Inu holders have held their SHIB for more than a year, with 30% holding the top Meme Token between one month and 12 months. The remaining 3% of SHIB owners have had their Shiba Inu for less than a month.
The report states that only 30% SHIB holders are making money at the current price of the asset, while 5% are breaking even and 65% are sitting at a loss.
Read also: Shiba Inu burn rate rockets 2400% after Shibarium goes live
At the time of writing, the Shiba Inu is trading at $0.00001052, down 5% over the past week. The cryptocurrency remains down more than 87% from its all-time high of $0.00008616.
Last week, about 25 trillion SHIB tokens, worth a quarter of a billion dollars, gone safely According to new on-chain data, another one of the crypto exchanges was put in cold storage.
Furthermore, crypto analytics firm Sentiment noted that 24.9 trillion SHIB tokens were transferred by an unknown to a self-custody wallet in six separate transactions Ethereum ETH/USD Address,
Earlier this month, SHIB became most traded token Among the top ETH whales. blockchain-tracking service etherscan informed of That one big crypto whale accumulated 118,058,494,947 SHIB worth $1.34 million.
Read further: 5 Things About Ethereum Creator Vitalik Buterin That Might Surprise You