75% of SHIB Holders Stay Invested Over a Year Amid Volatility

• 75% of SHIB holders keep their tokens for over a year.
• SHIB’s value increased by 92% despite being 74% below peak price.
• Shibburn reports a 25.92% rise in SHIB token burning rate.

Data indicates that a substantial 75% of Shiba Inu token holders have maintained their investments for more than a year, demonstrating considerable resilience and a focus on long-term goals.

This figure highlights the steadfast confidence that investors have in the token’s future growth. It signifies a notable transformation in the approach to cryptocurrency investments, where long-term strategies and patience are increasingly appreciated.

Reinforcing the commitment of Shiba Inu investors, information from IntoTheBlock shows that the mean duration for holding the meme cryptocurrency extends to an impressive two years.

Even with the volatility in the market, the dedication of those who own SHIB has remained strong, as evidenced by a 92% increase in its value over the previous year. However, it’s important to note that the token’s value is still 74% less than its highest recorded price.

Shiba Inu holders Remain Strong Amid Quiet Prices

Many investors are holding onto their SHIB tokens, with data from IntoTheBlock showing that 58.18% are making a profit at the current market value.

This data indicates that a considerable number of Shiba Inu investors are likely to keep their tokens, possibly in the hope of price appreciation and future profits.

The optimism for Shiba Inu is further bolstered by the increasing number of tokens being destroyed. Shibburn has recorded a significant 25.92% rise in the rate at which tokens are being burned, with an impressive 798.31 million tokens eliminated in the last week alone, marking a 289.36% increase.

However, Shiba Inu’s market performance has shown some signs of struggle lately. Since its peak on March 5, the token’s price has dropped by more than 50%, with its current trading price at $0.00002246.

Conversely, should Shiba Inu not manage to break through this resistance level, there’s a possibility it could fall to a support level of $0.00002080, underscoring the inherent risks of holding the token during its unpredictable market trajectory.