Subscribe our newsletter and get updated with latest news

Subscribe

Crypto News Media

78% of Shiba Inu (SHIB) Holders Stay Long-Term Despite Price Drop and Retail Decline

Joe M Avatar
Joe M
  • Despite a price dip and declining retail interest, 78% of Shiba Inu (SHIB) holders remain long-term investors.
  • Institutional activity stays strong, suggesting confidence in SHIB’s future despite short-term setbacks.

Despite mounting losses and declining retail interest, the Shiba Inu (SHIB) community is proving remarkably resilient. According to the latest data from IntoTheBlock, 78% of SHIB holders have held their tokens for more than a year, signaling long-term confidence in the meme coin—even as prices dip and market sentiment weakens.

Currently, 59% of SHIB holders are “out of the money,” meaning their tokens are worth less than when they purchased them. Only 4% are at break-even, while 37% remain in profit. This downturn follows SHIB’s explosive rise in 2021, which saw massive gains that attracted millions of investors globally.

Also read: BlackRock Bitcoin ETF Surges With $5B Inflows as BTC Price Nears $97K

However, recent metrics suggest waning enthusiasm among everyday investors. SHIB’s trading volume has fallen 2.61% in the last 24 hours, dropping to $133.6 million, while the price sits at $0.000013—a 0.71% decline. Telegram membership, a key measure of community engagement, has also shrunk by 0.38% in the past week.

Adding to the cooling sentiment, only 2% of current SHIB holders are new investors, indicating a slowdown in fresh capital entering the market. While this may reflect broader market uncertainty, it raises questions about the token’s ability to maintain momentum without new retail support.

Despite these setbacks, SHIB continues to attract attention from institutional players. Large transaction volume reached nearly $185 million over the past week, pointing to sustained interest from high-net-worth investors or institutions. Additionally, SHIB’s 0.84 correlation with Bitcoin suggests it is still moving in lockstep with the broader market, making it vulnerable to macro trends.

In short, while the hype has faded and short-term prospects appear uncertain, SHIB’s high rate of long-term holders suggests a community that still believes in its potential. Whether that conviction pays off will depend on its ability to decouple from broader market movements and drive real adoption within its ecosystem.