Shiba Inu Investors Buying From The Bottom Reject The Sale Despite A Thousand Percent Profit
According to data provided by IntoTheBlock, close to 5,000 investors have literally bottomed out the popular prank cryptocurrency Shiba Inu . Early investors have made over 1000% profits as of today. SHIB managed to delight its investors by watching an incredible rally in October.
Early Move Wins
The 5,000 Shiba Inu investors cited in the on-chain data were able to make over 1000% profits. However, these lucky 5,000 are those who have not sold any of their assets and still choose to keep their funds. SHIB recorded an all-time low on June 12, 2021. Meme coin was trading at $0.00000559 at that time .
The number of short-term SHIB holders gradually rose in October as the Shiba Inu became increasingly popular in the crypto space, along with the increase in investors holding their funds. Market volatility increases significantly when the majority of SHIB daily chart asset holders are individual investors who prefer short-term profits over long-term profits.
Prank coins Dogecoin and Shiba Inu remain the two most popular topics in the cryptocurrency industry. Community attention shows signs that individual attention is still present.
Popular prank coin Shiba Inu is trading around 20% below the $0.000008845 level recorded 3 days ago. The 50% drop in SHIB 24-hour trading volume confirms that the fever has subsided somewhat. The hype in joke cryptocurrencies is now shifting from the center of Shiba to others.
Dogecoin (DOGE) competes with the Shiba Inu in market cap rankings. According to CMC data, Dogecoin is in 10th place and Shiba Inu is in 9th place in the market capitalization ranking.