Here’s How Many Shiba Inu (SHIB) Investors Sit on Unrealized Losses

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TL;DR Following a substantial price drop, more than 57% of SHIB holders are now in the red, though this remains well below the 90% underwater rate seen in September 2023. A small group of 10 wallets holds over 61% of SHIB’s supply, meaning their moves could trigger sharp market shifts, either through heavy selling or strategic accumulation. Underwater SHIB Investors Pile up The cryptocurrency market correction seen on February 3 has sent shockwaves across the entire sector, with multiple leading...