Despite 63% At Loss, Shiba Inu Holders Gain Momentum

Shiba Inu holders gain momentum again.

The number of Shiba Inu active holders has started to gain momentum, and it’s on track to hit 1.3 million. According to data from cryptocurrency CoinMarketCap, Shiba Inu now has more than 1.28 million holders.

When writing this line, Shiba Inu has 1,286,282 holders, representing a growing interest in the crypto asset. Notably, the number of addresses holding Shiba Inu was around 1,330,473 (1.33 million) as of March 27, 2023.

However, the holder number declined drastically after surpassing 1.33M on March 27. On April 1, the number of SHIB holders slumped to 1,279,122 (appr. 1.28 million). Interestingly, the number of SHIB holders has continued to gain momentum recently, as current stats show that there are now 1,286,282 holders.

The top 10 Addresses Hold 61.35% of SHIB Supply

Of the total Shiba Inu holders, the top 10 addresses hold 61.35% of the supply, while the top 100 addresses possess 80.98% of the SHIB supply, CMC data shows. It is interesting to note that both Binance and OKX exchanges are currently among the top 10 holders.

As reported by The Crypto Basic, Binance holds more than 75T Shiba Inu. The address at the first place holding 410T Shiba Inu (41% of the total supply) is the SHIB burn address.

Although Shiba Inu has more than 1.28 million current holders, only 14,645 addresses were active in the past 24 hours.

Over 63% Are at a Loss

Launched in August 2020, Shiba Inu’s price soared to a high of $0.000088. However, several economic and political events, including Fed’s move to mitigate inflation, caused the price of Shiba Inu and other crypto assets to plunge massively.

Shiba Inu is down 87.61% from its ATH. With Shiba Inu currently changing hands at $0.00001095, only a few holders are in profit.

According to data from IntoTheBlock, 30.81% of the 1.28 million holders are in profit, while 63.59% are at a loss. However, 6% of these addresses are at breakeven.