Over 60% of SHIB's current supply is held by whales.
According to a recent analysis by IntoTheBlock, most memecoin holders currently sit on unrealized losses. Investors of Shiba Inu seem to be the most affected, with only 11% of them being in profit.
The infographic presented by the blockchain intelligence entity reveals that the majority of Dogecoin, Pepe, Leash, Dogelon Mars, Shiba Inu, and Floki holders are underwater. Individuals who have distributed funds to the self-proclaimed Dogecoin-killer Shiba Inu have also been severely affected by the market’s decline: 89% of them are sitting on paper losses.
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