Shiba Inu (SHIB) investors are feeling the burn. The price is way down – a whopping 87% below its peak in 2021 – leaving most holders underwater.
The Painful Reality for SHIB Investors
The past year has been brutal for SHIB. Prices have plummeted by over 60%, wiping out much of the gains from earlier years. The result? A depressing 65% of SHIB investors are currently losing money. Only 32% are in profit, with a tiny 3% breaking even.
Data shows a stark picture:
- Profitable SHIB:
A mere $1.12 billion worth of SHIB is currently profitable. - Losing SHIB: A staggering $9.99 billion worth of SHIB is in the red.
- Breakeven SHIB: Only $92.59 million worth of SHIB is at breakeven.
This downturn has brought profitability back to levels last seen in February 2024. While there was a brief surge in late 2024, pushing profitability above 72%, the current market is far less friendly.
Could a Comeback Be on the Horizon?
Despite the gloomy situation, there’s a glimmer of hope. Recently, there’s been a significant increase in large SHIB transactions. This could be a bad sign (whales selling off), or it could indicate renewed interest in the coin. If this translates into buying pressure, we might see a SHIB price recovery. For now, the bulls are still betting on a price bottom and a subsequent rally.
