Despite its decline, Shiba Inu continues to attract investors with large capital

The cryptocurrency market is going through an unstable period, and Shiba Inu is not escaping the storm. Despite a drop in price and a lack of interest from small investors, the SHIB token retains a loyal community. A focus on a paradox that intrigues crypto investors!

A chaotic trading room with a confident cryptocurrency investor holding a Shiba statuette

Despite the losses, most Shiba Inu holders are keeping their tokens for the long term.

The future of this crypto especially depends on reducing its reliance on the price of bitcoin.

Shiba Inu: a crypto abandoned by the general public but maintained by the old holders

59% of current SHIB crypto holders are "out of the money." This means they bought their tokens at a higher price than their current value. 78% of them have held their SHIB token for more than a year. This impressive figure reflects long-term confidence despite a tough context in the crypto market.

Transaction volume fell by 2.61%, reaching $133.6 million. On the other hand, the number of new cryptocurrency investors remains marginal. It has only increased by 2% in the last month. This indicates a waning public interest, especially among individuals.

Measured especially by the drop in subscribers on Telegram, community engagement is also decreasing. This signals a loss of interest in the short term!

But not all is negative! In fact, institutional interest in the Shiba Inu crypto remains strong. The proof: significant transaction volume reached $184.96 million in seven days. This shows that some crypto whales or high-net-worth individuals continue to bet on Shiba Inu.

Shiba Inu: a digital asset still strongly correlated with the evolution of bitcoin's price

According to the data, Shiba Inu.