The bear market has been brutal on cryptocurrencies in the market such as Shiba Inu. As a result, the profitability levels of investors in the meme coin have dropped drastically during this time. Even now, SHIB holders continue to see a decline in profitability, bringing it to one of the highest levels of losses since inception.
Only 18% Of Shiba Inu Holders Are In Profit
Data from on-chain aggregators show Shiba Inu investors are not faring well in the current market. Unlike other top tokens in the space, the meme coin has seen its percentage of holders in profit actually drop below 20% while others maintain their positions above 40%.
Currently, there are only 18% of SHIB investors seeing a profit, which is one of the lowest margins recorded since the token was first launched in 2020. This puts the vast majority of investors in losses, some more severe than others.
To be more precise, a total of 78% of all addresses holding SHIB are nursing losses at current prices. This leaves only a
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