“Shiba Inu Coin's Last Stand? 78% of Holders are Losing but Still Holding On, Future Prospects are Worrisome!”

Despite facing significant challenges, 78% of Shiba Inu Coin (SHIB) holders continue to choose long-term holding. According to the latest data, 59% of investors are in a losing position, with only 4% of investors breaking even. SHIB saw a substantial rise in 2021, but is currently under pressure from a sluggish market.

In the past 24 hours, SHIB trading volume has decreased to $133.6 million, and community activity has also declined, with Telegram membership down by 0.38%. The enthusiasm of new investors has cooled, with only 2% of holders entering the market in the past month. SHIB's price movement is highly correlated with Bitcoin, indicating that its future fluctuations may still be influenced by the overall market.

However, despite the reduced interest from retail investors, institutional investors remain strongly focused on SHIB. In the future, whether SHIB can break free from its current predicament depends on its ability to attract more applications and investors.