**71% of Shiba Inu Holders are At Loss or Breakeven Due to Shibarium FUD**
*Click [here](http://bit.ly/40H0zS0) to read the original text on thecryptobasic.com*
Shiba Inu’s recent price action has left a significant portion of its holders at a loss or breakeven point, with up to 71% of them experiencing losses on their holdings. This bearish turn of events has been attributed to the ongoing FUD campaign surrounding Shibarium. Analysts suggest that a massive selling pressure may be triggered when the asset reclaims the $0.000011 price level.
According to data from IntoTheBlock, there is a concentrated group of SHIB buyers who acquired the asset within the price range of $0.000011 and $0.000014, accounting for most of the investors currently facing losses. On the other hand, a significant number of Shiba Inu holders, amounting to 29.06%, purchased their SHIB tokens below the current price of $0.00001098. Additionally, 4.08% of total SHIB holdings were acquired between $0.000010 and $0.000011, leaving these holders at a breakeven point.
Analysts believe that due to the concentration of buyers within the $0.000011 to $0.000014 price range, Shiba Inu’s surge to $0.000011 could potentially result in a selling pressure as investors attempt to sell off their assets at breakeven. It is worth noting that Telegram activity surrounding Shiba Inu has seen a steep decline since 2022, further fueling investor angst.
Although these observations are speculative and should not be considered investment advice, it is important to note that while positive sentiments towards SHIB have recently diminished, there has also been a significant decrease in negative sentiments. Furthermore, the developers of Shibarium have addressed the FUD that has contributed to the recent underperformance of the asset.
Despite the challenges, Shiba Inu has shown modest gains, currently trading at $0.000010098 as it aims to reclaim the $0.000011 price level. In the past 24 hours, SHIB has experienced a 2.54% gain, making it the second highest-gaining asset among the top 20 cryptocurrencies by market cap. (Source: [thecryptobasic.com](http://bit.ly/40H0zS0))
For breaking news, analysis, and comments on Shiba Inu, Shibaswap, and Bone Token, please subscribe to our channel. We provide the latest information on Shiba Inu burn news, price analysis, stake, Shibaswap, Shibarium, and more. Stay informed and don’t miss out on the latest Shiba Inu updates.
**Disclaimer:**
The information provided in this video does not constitute investment advice, financial advice, or trading advice. It is for informational purposes only. Please consult your financial advisor before making any investment decisions.
**Keywords/tags associated with the video:** breaking crypto news, shiba inu coin, shiba inu news today, shiba inu token, shiba inu crypto, shiba inu coin prediction today, shiba inu, shib, shiba bone, bone token, buy bone, buy shiba, buy crypto, shiba news, shibaswap, shiba swap, shiba stake, bone stake, how can buy shiba, how can buy bone, how can stake shiba, how can stake bone, shiba coin, shiba token, shiba burn, shiba inu coin price prediction, crypto currency news today, crypto news today latest, crypto.
*Welcome to Breaking crypto news – 71% of Shiba Inu holders are at a loss or breakeven due to Shibarium FUD. In this video, we discuss the latest developments surrounding Shiba Inu and delve into the potential impact on its investors. Join us as we explore the reasons behind the recent market turns and what they mean for the future of SHIB. Remember to subscribe and stay tuned for the next Shiba Inu news.*
71% of Shiba Inu Holders are At Loss or Breakeven Due to Shibarium FUD
Analysts believe a massive selling pressure could be triggered when the asset reclaims $0.000011.
Click link http://bit.ly/40H0zS0 to read the original text on thecryptobasic.com
( Guides, Crypto News, Exchanges, Trading Bots, Crypto Trading Guide.)
_______________________________________________________________________
Shiba Inu’s (SHIB) recent price action leaves up to 71% of its holders at a loss or a breakeven point. Most of these investors, amounting to 66.85%, are registering losses in their holdings. This bearish turn of events has been ascribed to the latest FUD campaign targeted at Shibarium.
The Data Nerd, a blockchain-based crypto Twitter handle, called attention to today’s unfavorable development, citing data from IntoTheBlock.
Data reveals a large concentration of SHIB buyers at the price territory between $0.000011 and $0.000014, suggesting that most investors currently witnessing losses on their bags procured the asset within that price range.
Nonetheless, up to 371.9K addresses, accounting for 29.06% of Shiba Inu holders, amassed their SHIB tokens below its current price of $0.00001098. Moreover, data suggests that 52.26K addresses, representing 4.08% of total SHIB holdings, procured their tokens between $0.000010 and $0.000011, currently leaving them at a breakeven point.
As a result of the concentration of most buyers within the price range of $0.000011 to $0.000014, analysts believe Shiba Inu’s eventual surge to the $0.000011 price level could trigger a selling pressure on investors who would look to sell off their assets at breakeven.
Furthermore, the fact that Telegram activity on Shiba Inu has been on a steep decline since 2022 further adds to the angst observed among investors. There are theories that this pattern could add to the selling pressure.
Notwithstanding, these are mere speculations and should not serve as investment advice. Although positive sentiments surrounding SHIB have waned recently, there has also been a massive decline in negative sentiments. In addition, Shibarium developers have addressed the FUD that contributed to the asset’s recent underperformance.
Shiba Inu Registering Modest Gains
SHIB has struggled to reclaim the $0.000011 price territory since dropping below it on March 21. Following the release of the Shibarium documentation and the change of the Puppynet Chain ID to 719, positive sentiments surrounding SHIB have seen an uptick recently.
The asset now registers modest gains, trading for $0.000010098 as it targets $0.000011. With a 2.54% gain in the past 24 hours, Shiba Inu is the second biggest-gaining asset among the top 20 cryptocurrencies by market cap, second only to XRP, which is seeing a 6.08% gain within the time frame.
_______________________________________________________________________
Shiba Inu, Shibaswap, Bone Token, you can find breaking news, analysis, comments on cryptocurrencies on this channel, please subscribe to not miss the next Shiba Inu news.
shiba burn, shiba burn news today, shiba inu price, shiba stake, shibaswap, shibarium, shiba inu analysis
_______________________________________________________________________
Disclaimer, The information provided on this video does not constitute investment advice,
financial advice, trading advice, for informational purposes only,
you should not treat any of the video’s content as such.
Please, consult your financial advisor before making any investment decisions.
#breakingcryptonews
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 14 btc from day trading with WINFRED GERALD JACOB insights and charts.His been one step ahead of other analysis…