{"id":2049,"date":"2024-11-03T05:33:29","date_gmt":"2024-11-03T05:33:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2049"},"modified":"2024-11-03T05:33:29","modified_gmt":"2024-11-03T05:33:29","slug":"shiba-inu-price-movements-heres-how-many-holders-are-now-in-profit-loss-after-that-sharp-drop","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2049","title":{"rendered":"Shiba Inu Price Movements: Here\u2019s How Many Holders Are Now In Profit\/Loss After That Sharp Drop"},"content":{"rendered":"
\n

The Shiba Inu price movement has been marked by ups and downs<\/a> in the past seven days. Particularly, the meme coin rallied from $0.00001660 to $0.00001996 in three days before dropping sharply to $0.00001770 in the three days after. This volatile Shiba Inu price action<\/a> resulted in a fluctuating profitability for many SHIB addresses, with some holders briefly seeing gains before the downturn pushed a significant number back into loss territory.\u00a0<\/p>\n

According to data from on-chain analytics platform IntoTheBlock (ITB), the sharp drop in the Shiba Inu price has seen about 44% of holders now in losses.<\/p>\n

Fluctuating Shiba Inu Profitability Count<\/h2>\n

On-chain data from analytics platform IntoTheBlock (ITB) reveals that the recent decline has had a notable impact on the profitability of addresses holding Shiba Inu.\u00a0<\/p>\n

\u00a0<\/p>\n

The Shiba Inu price started the week on a positive note.<\/a> Particularly, the Shiba Inu price rallied alongside the wider crypto market from a low of $0.00001660 on October 26 to reach a peak of $0.00001996 on October 29. This 20% increase in three days took many investors by surprise and ignited hope for sustained gains. <\/p>\n

Furthermore, this rise saw more than 30,000 Shiba Inu addresses cross into profitability, according to the \u201cIn\/Out of the Money\u201d metric by IntoTheBlock<\/a>. This metric follows the total number and percentage of addresses in profit, losses, and at the money based on the price of the crypto asset.<\/p>\n

However, this optimism was short-lived, as the price quickly reversed course and plunged from $0.00001996 on October 29 to $0.00001770 on November 1, essentially starting the month on a negative note. This 11% decline saw about 25,000 holders drop into losses, according to the ITB \u201cIn\/Out of the Money\u201d metric.\u00a0<\/p>\n

Current Shiba Inu Profitability<\/h2>\n

At the time of writing, the Shiba Inu price has managed to bounce above <\/a>a support at $0.00001770. At the time of writing, Shiba Inu is trading at $0.00001781 and is up by 3.2% in the past 24 hours.<\/p>\n

According to IntoTheBlock\u2019s data of all the addresses currently holding SHIB, around 713,960 addresses are currently in profit. This represents about 52.5% of the total SHIB addresses. On the other hand, 606,700 addresses are in losses, representing 44.62% of the total SHIB addresses. Interestingly, 39,000 addresses, representing 2.87% of the total SHIB addresses, are \u201cat the money.\u201d Meaning they are neither in losses nor profits.\u00a0<\/p>\n

\"Shiba<\/p>\n

The profitability around the current price also shows more holders in profit. According to IntoTheBlock, 83,470 addresses that bought between $0.000015 and $0.000020 are currently in profit.<\/p>\n

\"Shiba<\/p>\n

This represents about 60% of addresses that bought in at this range. On the other hand, 54,700 addresses in this cohort are in losses, representing 39.32%. Lastly, 931 addresses (0.67%) that bought SHIB between $0.000015 and $0.000020 are at the money.<\/p>\n

\"Shiba<\/div>\n","protected":false},"excerpt":{"rendered":"

The Shiba Inu price movement has been marked by ups and downs in the past seven days. Particularly, the meme coin rallied from $0.00001660 to $0.00001996 in three days before dropping sharply to $0.00001770 in the three days after. This volatile Shiba Inu price action resulted in a fluctuating profitability for many SHIB addresses, with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2049","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2049"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2049\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}