Despite Shiba Inu recent surge to around $0.000012, only a few addresses holding SHIB are currently profitable.
As President Donald Trump announced a 90-day pause on reciprocal tariffs, the prices of major financial instruments soared tremendously.
Shiba Inu Soars to $0.000012 After Trump Pauses Tariffs
The announcement eased global economic tension, benefitting financial instruments like Shiba Inu, as its price rebounded to around $0.000012. Recall that SHIB plunged to a multi-month low of $0.00001031 earlier this week following an escalation of the tariff war.
With Trump announcing a temporary 90-day pause on reciprocal tariffs, SHIB rebounded to $0.00001213 yesterday, marking a 19.74% increase from its recent low of $0.00001031.
However, it has experienced a slight retracement, with one SHIB currently trading at $0.00001198.
Shiba Inu Holders in Profit
Despite Shiba Inu’s recovery, only a few investors are holding SHIB in profit. According to data from IntoTheBlock, only 10.40% of all Shiba Inu on-chain wallets, or 482,970 addresses, are currently ‘in the money.’
This indicates that the addresses are profitable as they acquired SHIB at an average cost below the current price. Furthermore, these 482,970 addresses hold a combined 102.43 trillion SHIB valued at $1.22 billion.
However, the majority of Shiba Inu holders are ‘out of the money’ or currently holding SHIB at a loss. IntoTheBlock’s data suggests that 898,230 Shiba Inu addresses, representing 87.02%, have incurred losses on their SHIB investments. These addresses bought a combined 857.13 trillion SHIB above the current price of $0.00001198.
Notably, 63,680 addresses, or 2.58% of Shiba Inu’s on-chain wallets, are currently at the money. This indicates that they are neither profitable nor in losses at the current price. These addresses hold a total of 25.42 trillion SHIB tokens, equivalent to $304.53 million.
Shiba Inu holder spectrum IntoTheBlock
Investors and Team Remain Devoted Amid Volatility
While the current value of SHIB is far from its December 8 peak price of $0.00003329, many investors have remained devoted to it.
IntoTheBlock’s data indicates that around 1.45 million addresses hold SHIB, positioning Shiba Inu as one of the most held tokens.
Interestingly, 77% of these on-chain wallets have been holding SHIB for over a year. About 21% have held the token for between one and 12 months, while only 2% have held it for less than a month.
In the meantime, the Shiba Inu ecosystem team has chosen to ignore the recent FUDs in the market while focusing on upcoming upgrades. Earlier this week, Shiba Inu’s marketing lead, Lucie, hinted at the imminent launch of a new technology within the SHIB ecosystem.
Further, she also disclosed that the team would unveil other significant projects in the future. However, Lucie suggested it would take longer before those projects see the light of day.
