The current price of Shiba Inu is $0.00003892, and 84% of SHIB holders are profitable, according to data from IntoTheBlock. On the other hand, only 12% are losing money, which suggests that they bought at higher prices when they first joined the market. Furthermore, 4% of SHIB holders are at break-even, meaning they are neither making a profit nor suffering substantial losses.
Furthermore, according to IntoTheBlock’s data, the majority of Shiba Inus have held their positions for more than a year. To be more precise, only 20% of SHIB investors purchased the asset in the last 12 months, whilst 77% of investors purchased it more than a year ago. Just 3% of holders are new to the Shiba Inu market and have held the asset for less than a month.
A standout performer in the current upbeat market is Shiba Inu. Shiba Inu had an incredible 78.3% increase to a 24-hour high of $0.00004533 as of the most recent update. Ten days ago, at roughly $0.000009, the asset broke above the bullish mark. It has experienced a remarkable increase of more than 350% since then, essentially tripling holders’ investment portfolios.
Shiba Inu Prices Take a Steep 50% Dive on Coinbase
Over the last day, the tokens have surpassed their counterparts’ trading volumes, with over $1.7 billion worth of trades made on the regulated market. The price of Shiba Inu (SHIB) briefly dropped by 50% on the American market Coinbase (COIN) in the early hours of Tuesday in Asia. But the pricing quickly went back to normal, which was not like this at all.
SHIB had a decrease on Coinbase from $0.000044 to $0.000022 as a result of a larger sell-off driven by major tokens like bitcoin (BTC). On the other hand, prices on Kraken and Bybit were steady at $0.000036 on average, indicating that the Coinbase decline was an isolated incident.
These decreases usually occur when a sell order surpasses the market depth, or liquidity, that is accessible at a given moment on a given exchange. On Coinbase, SHIB has a $1.2 million market depth as of the early hours of Europe.