A large number of Shiba Inu holders are at a loss. Let’s look at key metrics and their impact on the market.
Shiba Inu Market Analysis
According to IntoTheBlock, 84.94% of Shiba Inu (SHIB) addresses are 'out of the money,' meaning the current price is lower than their average purchase price. This indicates a significant number of investors are experiencing a decrease in asset value.
SHIB Address Statistics
Currently, 10.61% of addresses are 'in the money,' while 4.45% are breaking even. Despite this, 836.25 trillion SHIB remain profitable at current prices, highlighting market volatility.
Current Status and Dynamics of SHIB
SHIB is currently priced at $0.00001273, reflecting a 0.77% daily increase, which may indicate mild upward momentum. Its market cap stands at $7.50 billion, and 24-hour trading volume has increased by 14.50% to $121.53 million, suggesting increased market participation. A volume-to-market cap ratio of 1.62% highlights moderate liquidity.
The Shiba Inu market shows interest from both small and large holders. Investors may expect further fluctuations and possible activity spikes in the near future.
