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October 31, 2023

Current Situation of Shiba Inu and Floki Holders: Majority Experiencing Losses

Emily Tremblay
Written byEmily TremblayWriter
Researched byNikos PapadopoulosResearcher

Introduction

New data from a market intelligence firm has shed light on the current situation of Shiba Inu (SHIB) and Floki (FLOKI) holders. The data reveals that a significant percentage of SHIB and Floki holders are currently experiencing losses.

Current Situation of Shiba Inu and Floki Holders: Majority Experiencing Losses

Shiba Inu Holders

According to the market intelligence firm IntoTheBlock, a staggering 79% of SHIB holders are currently seeing red, indicating that their investments are in the negative. Only 17% of SHIB holders are making money at the moment. The data also shows that the majority of Shiba Inu investors, 71% to be precise, have been holding onto the digital asset for over a year. Additionally, 27% of investors have held SHIB for a period ranging from 1 to 12 months, while only 2% have held it for less than a month.

Floki Holders

Moving on to Floki, the data reveals that 65% of its holders are currently underwater, indicating losses. Only 27% of Floki holders are seeing gains, and 8% are neutral. Despite a recent surge in price, with a 115% increase in the last couple of days, the majority of Floki holders are still in the red.

Recent Developments

In recent news, Floki announced the launch of TokenFi, a platform that aims to simplify the process of tokenizing assets. The company has ambitious plans to become the leading tokenization platform globally.

Conclusion

The data highlights the current situation of SHIB and Floki holders, with a significant percentage of investors experiencing losses. It is important for investors to conduct thorough research and due diligence before making high-risk investments in cryptocurrencies or digital assets. As the market continues to fluctuate, it is crucial to stay informed and make informed investment decisions.

About the author
Emily Tremblay
Emily Tremblay
About

Emily, a dynamic blend of tech-savvy and casino enthusiast, hails from the snowy landscapes of Canada. With her innate grasp of cultural nuances, she ensures online casino guides resonate deeply with Canadians. Emily's spirited and engaging nature makes her a favourite among peers.

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