Most Holders of Shiba Inu and One SHIB Rival That’s Surged 115%+ in Days Still Underwater Despite Crypto Bounce

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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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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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