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Meme Token Shiba Inu (SHIB) is one of the top 3 most watched cryptocurrencies in 2022 on the world’s largest cryptocurrency exchange.
The other two are Bitcoin (BTC), the king of cryptocurrencies, and Binance, Ethereum (ETH), the leading smart contract protocol. To tell with a new announcement.
While traders are keeping a close eye on the Shiba Inu, leading analytics firm IntoTheBlock To tell At the time of writing, only 3% of SHIB holders are profitable on their holdings, while 84% are underwater.
Dogecoin (DOGE) rival has risen from $0.000033 in early 2022 to current price of 0.000008. Meme’s crypto is also down 90.4% from the all-time high he hit in October 2021.
According to IntoTheBlock, 80% of available SHIB is managed by large holders, defined as whales and investors who own 0.1% or more of the altcoin’s circulating supply.
The analytics firm also reveals that 58% of SHIB holders have managed their meme tokens for more than a year, and 37% have held them for more than a month and less than a year. Only 5% have owned SHIB for less than a month.
Looking at Bitcoin, 44% of holders look According to IntoTheBlock, 52% are in the red, but are in the black.
About 72% of Bitcoin holders have held King crypto assets for more than a year, and 22% have held them for less than a year and for more than a month. Only 6% of people have held Bitcoin for less than a month.
The analytics firm adds that wealthy investors own 9% of Bitcoin’s current circulating supply.
Look at Ethereum, IntoTheBlock find 46% of ETH holders are profitable and 52% are in the red.
ETH whales and investors hold 38% of the circulating supply. About 68% of Ethereum holders have held ETH for more than a year, 28% for less than a year and for more than a month. Only 4% have held ETH for less than a month.
At the time of writing, Bitcoin is trading at $16,686 while Ethereum is trading at $1,189.
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Featured image: Shutterstock/CKA/karnoff
