Over 16% Active Shiba Inu Addresses in Profit Despite SHIB Price Drop
Release: 2024/05/01 21:23 Reading: 446
Over 16% of Shiba Inu Addresses Remain Profitable Amidst Price Dip
Despite the broader market downturn, Shiba Inu (SHIB) has also experienced significant losses. Over the past 24 hours, the cryptocurrency has witnessed a double-digit decline, dropping 22.23% in the last week. This has caused SHIB to break below several support levels, currently trading at $0.00002148.
However, despite the price decline, approximately 499 addresses, representing over 16% of the total active addresses, are currently reporting gains on their Shiba Inu balances. This high number of profitable addresses could potentially indicate selling pressure as holders look to realize their profits.
Notably, the number of active addresses in profit has continued to increase despite the price drop. This trend is likely attributed to an ongoing "buy-the-dip" campaign.
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