Unprofitable Shiba Inu (SHIB) Supply Crosses Dramatic Threshold

The Shiba Inu token, known for its popularity among crypto enthusiasts, is facing a major setback as the percentage of tokens carrying losses to their holders has surpassed a critical threshold. According to crypto analytics portal IntoTheBlock, over 90% of the total SHIB supply is currently incurring losses, with an additional 2.54% on top.

Timeline of Shiba-inu

A dormant Shiba Inu (SHIB) whale with over 100 trillion SHIB holdings recently moved 10 trillion tokens worth $75.2 million to multiple new addresses within 24 hours. Blockchain surveillance platform Lookonchain highlighted the latest development in a tweet.

In a jaw-dropping discovery that has sent shockwaves through the Shiba Inu community, a dormant whale has emerged from hibernation. This anonymous early investor, who holds a staggering 10.15% of the total SHIB supply, has recently made significant moves, causing speculation within the community.

The largest holder of Shiba Inu (SHIB) tokens, known as a "whale" in crypto parlance, has moved four trillion SHIB tokens (approximately $29.8 million) to eight new addresses today, according to blockchain data platform Lookonchain.

Shiba Inu (SHIB) has made significant strides in the digital asset market, currently holding a market capitalization of over $4.4 billion. This remarkable achievement has propelled SHIB to claim the 18th position among the largest cryptocurrencies.

Shiba Inu News: Giant Shiba Inu (SHIB) whale “0x1406” woke up after 157 days of dormancy to distribute 4 trillion SHIB tokens worth 8 new wallets. The whale is known as the largest holder of SHIB tokens and moves may have come in response to Shiba Inu lead developer Shytoshi Kusama's announcement on the Shibarium

The Shiba Inu token, SHIB, has witnessed an astounding rise in market capitalization, soaring by half a billion dollars in less than 30 days, according to data from CoinMarketCap. This meteoric surge can be largely attributed to the impressive growth in the token's price, defying expectations following a significant 31% plunge in a single day.

While most assets in the cryptocurrency sector continue to consolidate their gains and trade sideways, Shiba Inu (SHIB) is no exception, and the majority of its holders are out of profit at the dog meme digital currency's price at present, tilting strongly toward the bearish sentiment.

Shiba Inu (SHIB), the much-discussed meme coin, has found itself in a tight spot. As it confronts an imposing 24 trillion SHIB resistance, the question of the hour is: Who will come out on top?

When it comes to meme coins, not many can claim to have the hype that currently surrounds new dog-based meme token Shiba Memu (SHMU). In a year where mememania has taken on a major shift in popularity, the likes of Pepe, Floki Inu and Doge Killer have been massive hits.

DogPad Finance, a launchpad infrastructure built on Ethereum and associated with the renowned Shiba Inu brand, has recently made a notable move by acquiring 15,301 BONE tokens, with a value of approximately $20,000, to fuel its investment ambitions for the forthcoming launch of Shibarium.