New data from a market intelligence firm reveals that holders of Shiba Inu (SHIB) and another memecoin that has more than doubled up during the last few days are still underwater.
According to IntoTheBlock, a staggering 79% of holders of popular meme asset SHIB are currently seeing red while only 17% of them are making money.
Furthermore, the data unveils that the overwhelming majority of Shiba Inu investors – 71% – have been holding on to the digital asset for over a year while 27% of them have been holding it for between 1 and 12 months. Just 2% have held it for less than a month.
Moving on to Floki (FLOKI), another dog-themed crypto asset, IntoTheBlock finds that 65% of its holders are currently underwater while only 27% are seeing green and 8% are neutral.
This holds even as Floki has seen a 115% surge in price during the last couple of days. Floki is trading for $0.000037 at time of writing, a 15.5% gain during the last 24 hours. On October 20th, the crypto asset was moving for $0.0000178, less than half its current price.
Recently, Floki announced the launch of TokenFi, a crypto and asset tokenization platform that aims to simplify the process of tokenizing assets and “eventually become the foremost tokenization platform in the world.”
Shiba Inu is trading for $0.000008 at time of writing, a fractional increase during the last day.
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Generated Image: Midjourney
