The number of long-term Shiba Inu holders is increasing

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According to published reports, the number of Shiba Inu long-term holders has increased in 2022, and the total Shiba Inu long-term holders will reach 19% this year.

According to data from IntoTheBlock, the number of long-term Shiba Inu holders is increasing. IntoTheBlock claims that 26% of the holders Shiba Ino They have held their tokens for more than a year. 70% of holders have held their SHIB tokens for about a year and 4% for less than a month.

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Increasing the number of long-term Shiba Inu holders

In mid-June, news site U.Today reported Shiba Inu’s long-term holdings at 19 percent. According to this report, 77% of traders have held their tokens in the medium term and 3% of them have held their tokens for less than a month.

The number of long-term Shiba Inu holders is increasing

In late December 2021, it was reported that Shiba Inu holders were mostly short- and medium-term holders. At that time, short-term holders accounted for 14% and medium-term holders for 86% of Shiba Inno’s total investors. As of December 2021, the number of Shiba Inu long-term holders was close to zero. This statistic has changed dramatically today.

Currently, there are more long-term Shiba Inu holders than short-term holders. This will likely mean that investors will shift their focus from a short-term perspective to a long-term one. The crypto market is currently in hibernation. During this heavy down cycle, most altcoins lost between 70-80% of their value.

Changing the approach of Shiba Inu holders

Investors focused on long-term holdings of digital currencies are trying to avoid the recession this year caused by the Federal Reserve’s tightening policies. Federal Reserve policies have led to the collapse of cryptocurrency hedge fund Three Arrows Capital. At the time of writing, the Shiba Ino token is trading at $0.00001229, up 6.47%.

According to WhaleStats, the number of long-term Shiba Inu holders continues to set records. There are currently more than 1,215,377 registered SHIB holder wallets. This statistic shows the interest of long-term investors in Shiba Ino cryptocurrency. Shiba Inu is also recognized as the largest asset of Ethereum’s top 100 whales.

WhaleStats analysis of the top 100 Shiba Inu holders shows a 28.29% and 33.32% increase in the average holdings and value of the SHIB token among the top Ethereum whales. In addition to the increase in the stock of whales, the trading volume of Shiba Ino has increased by 53.93%, as well as the net circulation of this cryptocurrency has also increased by 73.12%.

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Source: u.today

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