- Shiba Inu (SHIB) has seen a 55% increase in the last three months.
- Nearly 90,000 addresses hold over 422 trillion SHIB at $0.000016.
- 59.87% of all SHIB holders are currently “Out Of The Money.”
Shiba Inu (SHIB) has seen a 55% increase in the last three months, staying relatively quiet during the recent altcoin season, according to Ali, a renowned crypto analyst on X (formerly Twitter). Ali noted that SHIB faces major resistance despite significant potential for growth. He also observed that nearly 90,000 addresses hold over 422 trillion SHIB at $0.000016. Ali fetched the data for his analysis from IntoTheBlock, a blockchain data-providing firm.
#ShibaInu has seen a 55% increase in the last 3 months, staying relatively quiet during the recent altcoin season.While there's potential for growth ahead, $SHIB faces a major resistance zone. Nearly 90,000 addresses hold over 422 trillion #SHIB at $0.000016. pic.twitter.com/LE6kpLb1Or
— Ali (@ali_charts) December 9, 2023
A further breakdown of the SHIB distribution by IntoTheBlock showed that only 25.92% of SHIB holders are currently “In The Money.” That represents SHIB holders who are in profit at the…
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