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June 2, 2023

More Than 75% of Shiba Inu and Floki Investors Are Sitting on Losses: Crypto Analytics Firm IntoTheBlock

By Daily Hodl Staff

A leading blockchain analytics firm says that a huge percentage of Shiba Inu (SHIB) and Floki (FLOKI) holders are underwater.

According to IntoTheBlock, 81% of SHIB holders are sitting on losses, just 16% are profitable and 3% are breaking even.

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SHIB is trading for $0.00000851 at time of writing, down 90.1% from its all-time high of $0.0000861 on October 28th, 2021.

According to the analytics firm, 78% of Floki holders are at a loss,14% are profitable and 9% are breaking even.

Floki is worth $0.0000315 at time of writing, down 90.6% from its all-time high of $0.000336 on November 4th, 2021.

Holders of the dog-themed memecoin Dogelon Mars (ELON) are slightly worse off than rival dog-themed memecoins SHIB and FLOKI.

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According to IntoTheBlock, 83% of ELON holders are at a loss on their investments, 16% are profitable and 1% are breaking even.

ELON is trading for $0.000000209 at time of writing, down 92% from its all-time high of $0.00000259 on October 30th, 2021.

Two other memecoins are doing relatively better.

According to IntoTheBlock, 48% of Dogecoin (DOGE) holders are in profit, another 48% are underwater and 4% are breaking even.

DOGE is trading for $0.0717 at time of writing, down 90.2% from its all-time high of $0.731 on May 8th, 2021.

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According to the analytics firm, 46% of Pepe (PEPE) holders are in the red, 28% are seeing profits and 26% are breaking even.

Pepe is worth $0.00000125 at time of writing, down 70.4% since its all-time high of $0.00000431 on May 5th, 2023.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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