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Shiba Inu (SHIB) Profitability: Just 12% of Addresses in the Green

2 mins
By Konstantin Kaiser
Translated Ryan James
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In Brief

  • About 77% of Shiba Inu (SHIB) addresses are in loss, while only 12% are in profit, leaving 11% at break-even.
  • The Shiba Inu network shows signs of stagnation with the number of addresses holding SHIB tokens around 1.24 million.
  • Retail investors hold 36% of SHIB token supply, while 10 whales control nearly a third, and 48 major investors possess 25%.
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Only around 12% of Shiba Inu addresses are in profit. The overwhelming majority of around 77% of SHIB addresses are in the red.

The majority would face losses if they sold their SHIB tokens at the prevailing price.

Shiba Inu Addresses: Over 77% Face Losses

In & Out The Money by Shiba Inu Coin from IntoTheBlock
In & Out The Money by Shiba Inu Coin. Source: IntoTheBlock

Interestingly, a relatively substantial portion of SHIB addresses are at a break-even point, with around 11% of addresses neither in profit nor loss at the current market price.

Active Addresses Decrease in 7 Days

Furthermore, in the past seven days, there has been a decline of approximately 9.5% to 9.7% in the number of new, active, and addresses without a SHIB balance.

Active addresses of Shiba Inu.
Active addresses of Shiba Inu. Source: IntoTheBlock

Shiba Inu Address Growth Stagnates

The overall expansion of Shiba Inu addresses within the SHIB network shows signs of stagnation, with the average number of addresses holding SHIB tokens remaining around 1.24 million for several months.

Number of SHIB Holders from IntoTheBlock
Number of SHIB Holders. Source: IntoTheBlock

Declining Telegram Users and Rising Negativity

The Shiba Inu Telegram group is experiencing a notable decline in the number of users, accompanied by a notable deterioration in sentiment.

Telegram user Shiba Inu
Telegram user Shiba Inu. Source: IntoTheBlock

Negative Telegram messages about Shiba Inu now outnumber positive ones by almost twice, with 239 negative messages compared to nearly 151 positive messages in the last seven days.

Retail Investors Hold 36% of SHIB Token Supply

Analyzing the ownership distribution of Shiba Inu Coins across different categories—retail investors, large investors, and whales—reveals an intriguing landscape. Approximately 41.77% of the total supply lies in inactive addresses, thus withdrawn from circulation.

Also, this dynamic influences other ownership proportions. Nearly 48 major investor addresses collectively possess about 25% of SHIB’s circulating supply. Meanwhile, ten whales control nearly a third of the supply, while small investors command almost 40% of the token’s total distribution.

Shiba Inu distribution by type (Retail, Investor, Whale) from IntoTheBlock
Shiba Inu distribution by type (Retail, Investor, Whale) Source: IntoTheBlock

Here, “whales” denote addresses over 1% of the total token supply. While large investors own between 0.1% and 1%, and retail investors hold less than 0.1%.

Top crypto platforms in the US | March 2024

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Ryan James
Ryan Boltman is a dynamic and experienced professional with a rich background in marketing management, business development, and cryptocurrency journalism. With a BCOM in Marketing Management from the University of South Africa and an Honors in Business Management, Ryan has honed his expertise across multiple countries including South Africa, the USA, and the Netherlands. His career includes significant roles in customer success, sales management, and content creation within the blockchain...
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