New information from a market intelligence agency reveals that holders of Shiba Inu (SHIB) and one other memecoin that has greater than doubled up throughout the previous few days are nonetheless underwater.
In response to IntoTheBlock, a staggering 79% of holders of widespread meme asset SHIB are at present seeing crimson whereas solely 17% of them are earning profits.
Moreover, the information unveils that the overwhelming majority of Shiba Inu traders – 71% – have been holding on to the digital asset for over a yr whereas 27% of them have been holding it for between 1 and 12 months. Simply 2% have held it for lower than a month.
Shifting on to Floki (FLOKI), one other dog-themed crypto asset, IntoTheBlock finds that 65% of its holders are at present underwater whereas solely 27% are seeing inexperienced and eight% are impartial.
This holds whilst Floki has seen a 115% surge in value over the last couple of days. Floki is buying and selling for $0.000037 at time of writing, a 15.5% acquire over the last 24 hours. On October twentieth, the crypto asset was shifting for $0.0000178, lower than half its present value.
Just lately, Floki introduced the launch of TokenFi, a crypto and asset tokenization platform that goals to simplify the method of tokenizing belongings and “finally grow to be the foremost tokenization platform on the planet.”
Shiba Inu is buying and selling for $0.000008 at time of writing, a fractional improve over the last day.
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