According to IntoTheBlock, the Shiba Inu SHIBUSD is experiencing a significant change in large transactions.
On Saturday, IntoTheBlock reported that the vast majority of SHIB holders are underwater on their investments in the asset.
For more than a year, 67% of Shiba Inu holders have held onto their SHIB, with 30% holding onto the top meme token for between a month and 12 months. The remaining 3% of SHIB holders have owned their Shiba Inu for less than a month.
The report stated that only 30% of SHIB holders are making money at the asset's current price, compared to 5% breaking even and 65% sitting on losses.
After Shibarium Goes Live, Shiba Inu Burn Rate Rockets 2400%
In the last week, Shiba Inu was trading at $0.00001052, down by 5%. The price of the criptocurrency is more than 87% down from its all-time high of $0.00008616.
Nearly 25 trillion SHIB tokens, worth a quarter of a billion dollars, were safely moved off one of the exchanges and placed in cold storage last week, according to new on-chain data.
In six separate transactions, the 24.9 trillion SHIB token was transferred into a self-custody wallet by an unknown ETH USD address, according to Santiment, a 24.9 trillion SHIB token.
SHIB became the most traded token among the top ETH whales earlier this month. A large criptocurrency-tracking service Etherscan reported that 118,058, 494,947 SHIB was worth $1.34 million.
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