- 89.40% of SHIB holders are in losses, with only 9.90% in profit.
- SHIB price falls below $0.000013, nearing the next support level at $0.000010.
- Lucie urges SHIB holders to focus on Shibarium and ShibOS upgrades amid FUD.
Shiba Inu (SHIB) has been struggling in the recent market downturn, and the token’s on-chain data paints a grim picture for investors. The meme coin, which once garnered substantial attention, now finds itself in a deep price slump, hovering around $0.00001134.
At press time, only 9.90% of SHIB holders are in profit, while the rest face heightened losses. TradingView’s daily chart shows an apparent decline as SHIB’s price falls below key support levels. It has broken through the $0.000013 threshold and is approaching the next key support at $0.000010.
Profit Breakdown: Majority of SHIB Holders are Facing Losses
Based on IntoTheBlock’s Global In/Out of the Money chart, 89.40% of SHIB addresses are currently out of the money, which means that most investors still hold positions in the loss. These holders most likely purchased SHIB at higher prices and now reside in huge unrealized losses.
SHIB’s Global In/Out of the Money (Source: IntoTheBlock)
In this case, only 9.90% of holders are in profit, having purchased SHIB at lower prices and thus seeing some profit at the current value. Yet, around 0.70% of holders find themselves at the money, meaning they are neither in profit nor at a loss. These positions represent a modest 6.85 trillion SHIB, valued at about $77.43 million.
For these holders, SHIB’s current price is close enough to their purchase price that they have yet to experience an intense gain or loss. However, this group remains a minority, and the broader picture paints a less optimistic outlook for most SHIB holders.
Out-of-the-Money Addresses: Significant Losses
On the other hand, the In/Out of the Money Around price chart reveals that 48.72 trillion SHIB (worth approximately $557.83 million) are currently out of the money, representing 69.99% of all SHIB addresses. These holders are at a loss, having purchased SHIB at higher prices, far above the current market price of $0.000011.
SHIB’s In/Out of the Money Around Price (Source: IntoTheBlock)
On the other hand, 20.76 trillion SHIB, or $237.65 million, is 29.82% of addresses in the money, thus acquiring SHIB at a low price and making a profit at the rate. The stark reality makes very clear the profit crisis of the SHIB community, where most investors are bearing heavy losses.
The Team’s Focus: Upgrades Amid Market Downturn
Even amid the ongoing market struggle, Lucie, the marketing specialist for the Shiba Inu team, is optimistic for the future. In a recent update to the community, Lucie advised fellow SHIB holders to remain grounded, awaiting the upgrade of Shibarium and ShibOS, which she believed would determine the project’s direction.
Skeptical about the market’s recent bloodbath, she counseled them to disregard the negativity surrounding it and stay positive. “I always preach: ignore the bad. Focus on the good, on progress, and on the things that will hold value over time. Let’s all stay focused on the amazing upgrades ahead — we’ve got so much going on,” Lucie said.
This comes just as the community is growing increasingly frustrated with where the market is heading, and FUD (fear, uncertainty, and doubt) is starting to pave the way for the perception of things. Lucie was confident that the Shibarium Layer 2 solution would be a top-tier platform and that the ShibOS decentralized operating system could work worldwide. New use cases and fresh sources of motivation would likely be the upgrades that will improve the Shiba Inu ecosystem.
