Shiba Inu address profitability has dwindled over the past year as SHIB witnesses price struggles amid broader market uncertainty.
Shiba Inu’s recent journey resembles a rollercoaster stuck on a downward slope. Remember that exhilarating climb to $0.00003343 last December, fueled by the Trump rally? Since hitting that peak, SHIB has been wrestling with a persistent resistance, unable to regain its upward momentum.
Shiba Inu Faces Price Struggles
Shiba Inu battles headwinds, clinging to the critical $0.000010 lifeline and now hovering above $0.000011. This tenacity, however, hasn’t translated into gains for weary investors.
A year ago, Shiba Inu holders were swimming in a sea of profits. Now? Not so much. IntoTheBlock data paints a grim picture: address profitability has plummeted. Rewind to July 2nd, 2024. SHIB was circling $0.000017, a stark contrast to the $0.00004 highs it enjoyed just months prior in March. The party’s definitely over, but is there a rebound in sight?
Even amidst the market dip, Shiba Inu offered a glimmer of hope. Over 695,000 addresses – a solid 51.87% – were basking in profit. While nearly 47.15%, or 631,990 addresses, felt the sting of losses, a sliver of holders, about 0.99% (13,240 addresses), managed to break even, navigating the volatility with poised balance.
Over 966K Shiba Inu Addresses Now at Loss
Shiba Inu investors are feeling the bite. After a promising surge in December 2024, fortunes have reversed, leaving a staggering 966,780 addresses underwater. The situation is rapidly deteriorating, with 26,000 more investors joining the ranks of the losing in just the past week. A chilling 66.66% of all Shiba Inu wallets holding a balance are now facing losses.
Shiba Inu Address Profitability | IntoTheBlock
The crypto tide is turning. Only 30.06% of wallets, a mere 435,980, are now seeing gains. A growing legion, 47,640 addresses strong (3.28%), now cling to breakeven, a stark sign the bull run’s exuberance is fading.
While one metric dipped, digging deeper reveals a different story for Shiba Inu. Forget the fleeting downturn – the SHIB army is still growing! A year ago, 1.34 million wallets held SHIB. Fast forward to today, and that number’s surged to 1.45 million. That’s 110,000 new recruits joining the Shiba Inu pack since July 2024, signaling continued, underlying interest.
Even as Shiba Inu battles price headwinds, a surge in non-zero addresses paints a compelling picture: confidence is building for a major comeback. Fueling the fire? NBA icon Scottie Pippen recently spotlighted Shiba Inu as a top contender in the current bull run, placing his bet on the meme coin’s potential to outperform.
Forget regret. Crypto analyst “Pepe is Friend” is betting big on Shiba Inu, urging investors to seize the moment. Trading at $0.000011388, SHIB teeters on the brink of a breakout, coiled tight within a falling wedge pattern. A surge past $0.000014 could unleash a tidal wave of upward momentum. Will you ride the wave?
Shiba Inu Falling Wedge Pattern
Thanks for reading Here’s How Shiba Inu Address Profitability Has Changed Over the Past Year as Price Holds Above $0000011
