{"id":121908,"date":"2023-07-13T12:29:40","date_gmt":"2023-07-13T12:29:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/unprofitable-shiba-inu-shib-supply-crosses-dramatic-threshold-crypto-news\/"},"modified":"2023-07-13T12:29:43","modified_gmt":"2023-07-13T12:29:43","slug":"unprofitable-shiba-inu-shib-supply-crosses-dramatic-threshold-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/unprofitable-shiba-inu-shib-supply-crosses-dramatic-threshold-crypto-news\/","title":{"rendered":"Unprofitable Shiba Inu (SHIB) Supply Crosses Dramatic Threshold\n – Crypto News"},"content":{"rendered":"

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Gamza Khanzadaev<\/a><\/p>\n

Number of loss-making Shiba Inu tokens soars, surpassing critical point<\/p>\n<\/div>\n<\/div>\n

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The Shiba Inu token, known for its popularity among crypto enthusiasts, is facing a major setback as the percentage of tokens carrying losses to their holders has surpassed a critical threshold. According to crypto analytics portal IntoTheBlock<\/a>over 90% of the total SHIB supply is currently incurring losses, with an additional 2.54% on top.<\/p>\n

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Source: IntoTheBlock<\/a><\/em><\/figcaption><\/figure>\n

As of today, the number of shiba inu<\/a> tokens causing losses to their owners stands at a staggering 500 trillion, excluding the 410.3 trillion burned tokens. This accumulation of unprofitable tokens amounts to a jaw-dropping value of approximately $3.77 billion, based on the current price of the Shiba Inu token.<\/p>\n

To further highlight the severity of the situation, Shiba Inu now ranks fifth among crypto assets with a capitalization above $1 billion in terms of this unfavorable ratio. The majority of these loss-bearing shib<\/a> tokens were acquired within the price range of $0.000008 to $0.00002 per token. Notably, 290.89 trillion tokens were purchased between $0.000008 and $0.000014, while 424.07 trillion tokens were acquired between $0.000014 and $0.00002.<\/p>\n

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SHIB to USD by CoinMarketCap<\/a><\/em><\/figcaption><\/figure>\n

This emerging trend presents a significantly negative outlook for the Shiba Inu token<\/a>, It is not merely the fact that SHIB is characterized as a loss-making token, but rather the immense pressure it currently faces. Should even a fraction of owners holding unprofitable SHIB tokens decide to cut their losses and offload their holdings, it could potentially trigger a more substantial downturn for Shiba Inu.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gamza Khanzadaev Number of loss-making Shiba Inu tokens soars, surpassing critical point The Shiba Inu token, known for its popularity among crypto enthusiasts, is facing a major setback as the percentage of tokens carrying losses to their holders has surpassed a critical threshold. According to crypto analytics portal IntoTheBlockover 90% of the total SHIB supply […]<\/p>\n","protected":false},"author":2,"featured_media":121909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-121908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=121908"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121908\/revisions"}],"predecessor-version":[{"id":121910,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121908\/revisions\/121910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/121909"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=121908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=121908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=121908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}