Here Are Shiba Inu Addresses Making Money as SHIB Trades at $0.0000165

Despite Shiba Inu’s devastating collapse in recent months, nearly half of the blockchain addresses holding SHIB are currently profitable.

Shiba Inu (SHIB) investors are feeling the heat of the market decline as the token continues its weak performance.

Despite showing signs of recovery over the weekend, SHIB plummeted to the level of $0.000016. At the current exchange rate of $0.0000165, SHIB has lost 1.15% in 24 hours, 3.48% in 7 days, and 28.71% in the past month.

Addresses that will make a profit at the current price

Contrary to expectations amid the recent economic downturn, many Shiba Inu addresses are still profitable, outnumbering those making losses.

data According to IntoTheBlock (ITB), 49% of all 1,396,038 (1.39 million) Shiba Inu addresses are currently profitable or profitable at current prices.

Most of these addresses purchased SHIB at an average price of $0.000010. Specifically, 369,240 addresses acquired 155.87 trillion SHIB at this level. The value of 155.87 trillion SHIB tokens is $2.57 billion at the time of writing.

Similarly, another 215,610 addresses acquired 68.25 trillion SHIB ($1.12 billion) at an average price of $0.000007.

Conversely, 48% of addresses currently holding SHIB are “out of the money” or at a loss with the token price at $0.0000165. At this price, only 4% of all Shiba Inu addresses are breaking even at the current price, indicating they are neither profitable nor at a loss.

Shiba Inu’s profitability rate has dropped significantly from April, when 63% of addresses were profitable. At the time, SHIB was priced at $0.00002652 per token.

By SHIB holding period

Additionally, the ITB data also provided insight into how long investors have been holding SHIBs for: according to the data, 77% of Shiba Inu addresses have held SHIBs for over a year and are therefore classified as “holders.”

Additionally, 21% of all addresses have held SHIBs for between one and 12 months and are therefore tagged as “cruisers”, while 2% have held them for less than 30 days.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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