Shiba Inu (SHIB) is facing a challenging period in the market. Nearly half of the coin holders are reporting losses, while 53% remain profitable, according to recent data.
Current SHIB Market Situation
As of writing, only 53% of SHIB holders have profitable investments while 43% are losing money. Network activity metrics show negative trends.
Impact of Major Players and Price Volatility
SHIB is vulnerable to large price swings due to the high concentration of holdings by 73% of major players. A 60.9% decrease in large transactions over the past seven days indicates declining major player activity.
A Shift in Market Sentiment Needed
To stabilize, SHIB needs a shift in market sentiment, potentially from increased large investor activity or significant network expansion. Investors are advised to monitor key price levels cautiously.
SHIB is in a zone of instability, and current metrics demand increased investor attention. Key levels in the short term could determine the coin's future path.
