75% Of Shiba Inu Holders Retain SHIB For Over 1 Year
Shiba Inu (SHIB) token holders have maintained their investments for over a year, indicating a shift in cryptocurrency investors’ focus on long-term gains over immediate returns.
The average holding period for Shiba Inu is two years, indicating significant loyalty to the meme coin despite fluctuating market conditions.
SHIB’s price has surged by over 92% since the last year, but the token remains 74% below its all-time high. Only 58.18% of holders are “in the money” based on current market prices, suggesting a large number of investors are likely to hold their tokens in anticipation of future price increases.
Additionally, there has been a 25.92% increase in the daily burn rate of Shiba Inu tokens, with a 289.36% jump in the number of tokens burned over the past week. This strategic token burning aims to enhance the token’s market value and potentially prepare it for future growth.
(With inputs from Shikha Singh)
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