New Data Reveals Majority of Shiba Inu and Floki Holders are at a Loss
Recent data from market intelligence firm IntoTheBlock shows that a significant number of holders of Shiba Inu (SHIB) and Floki, another meme-based cryptocurrency, are still in a loss position despite recent market gains.
For Shiba Inu, a whopping 79% of holders are currently experiencing losses, while only 17% are making profits. The data also reveals that the majority of Shiba Inu investors (71%) have been holding onto the asset for over a year, with 27% holding it for between 1 and 12 months, and just 2% holding it for less than a month.
Similarly, 65% of Floki holders are underwater, despite the coin’s recent surge in price. Only 27% are seeing gains, while 8% remain neutral. Floki has experienced a 115% increase in price over the past few days.
Floki Announces TokenFi Launch
Floki recently announced the launch of TokenFi, a platform focused on simplifying the tokenization process for assets. The project aims to become the leading tokenization platform globally.
At the time of writing, Shiba Inu is trading at $0.000008, showing minimal gains over the past day.
Hot Take: Majority of SHIB and FLOKI Holders Still at a Loss Despite Crypto Market Recovery
New data reveals that the majority of holders for meme cryptocurrencies Shiba Inu (SHIB) and Floki are still incurring losses despite recent market gains. For SHIB, an overwhelming 79% of holders are seeing red, while only 17% are making profits. The data also shows that most SHIB investors have been holding the asset for over a year. Similarly, 65% of Floki holders are underwater, even though the coin has experienced a significant price surge. These findings highlight the risks associated with meme-based cryptocurrencies and the importance of careful investment decisions in the crypto market.
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