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Shiba Inu holders are retaining their possessions

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  • Despite the adverse market environment, more traders are keeping their Shiba Inu holdings intact.

30% of Shiba Inu investors are holding assets for the long haul

30% of Shiba Inu owners now keep their positions for long-term goals, according to research data. This occurs while the token’s retaining class is registering an increase in “hodlers.” According to the breakdown of holders by the length of holding, 30% of SHIB holders have kept their assets for more than a year, 67% have kept their holdings for less than a year, and 3% have kept their coins for less than a month.

The proportion of SHIB “hodlers” was 27% just one month earlier. The latest surge suggests that more investors are keeping their holdings despite the generally unfavorable market circumstances.

Shiba Inu
Shiba Inu

However, both short-term watchers and midrange holders, often known as swing traders, have marginally dropped. As more traders shift their attention to the long term, this finding continues to be promising.

In recent times, Shiba Inu has also gained new owners. The Shiba Inu owner figure manages to stand at 1,224,213. A rise in holders indicates a long-term commitment to a specific asset.

SHIB transaction rate increased by 90%

A good indicator for keeping track of the total volume of transactions worth more than $100,000 is the number of significant transactions. The indicator serves as a stand-in for the volume of transactions made by whales and big players as the ordinary retail trader cannot access this amount of money on-chain. Shiba Inu’s huge transactions increased by 90%, according to statistical data, indicating that major players may have traded a significant amount of volume in the previous day.

 WhaleStats’ research of the top 100 Shib owners reveals that while active addresses surged by a staggering 600%, the aggregate SHIB balance of this group of holders only slightly improved by 1.18%.

Ujan Chakraborty
Ujan Chakraborty
Nothing but Blue Skies.

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