Summary
TLDR: 75% of Shiba Inu token holders have kept their investments for over a year, showing confidence in the token’s long-term potential. The average holding period is two years, despite fluctuations in the market. While the price has increased by 92% in the past year, it is still below its all-time high. Only 58.18% of holders are currently “in the money,” but a rise in token burning aims to enhance market value. The price is currently navigating a tight channel with resistance at $0.00002383. Holding the token comes with risks due to market volatility.
Key Points
1. Data shows that 75% of Shiba Inu (SHIB) token holders have kept their investments for over a year, indicating a strong belief in the token’s long-term potential.
2. Shiba Inu investors hold the token for an average of two years, showcasing significant loyalty to the meme coin despite market fluctuations.
3. A notable rise in the number of Shiba Inu tokens burned has been reported, with a strategic token burning approach aimed at reducing supply and potentially enhancing the token’s market value for future growth.