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New data from a market intelligence firm reveals that holders of Shiba Inu (SHIB<\/a>) and another memecoin that has more than doubled up during the last few days are still underwater.<\/p>\n According to IntoTheBlock, a staggering 79% of holders of popular meme asset SHIB are currently seeing red<\/a> while only 17% of them are making money.<\/p>\n Furthermore, the data unveils that the overwhelming majority of Shiba Inu investors \u2013 71% \u2013 have been holding on to the digital asset for over a year while 27% of them have been holding it for between 1 and 12 months. Just 2% have held it for less than a month.<\/p>\n Moving on to Floki (FLOKI<\/a>), another dog-themed crypto asset, IntoTheBlock finds<\/a> that 65% of its holders are currently underwater while only 27% are seeing green and 8% are neutral.<\/p>\n This holds even as Floki has seen a 115% surge in price during the last couple of days. Floki is trading for $0.000037 at time of writing, a 15.5% gain during the last 24 hours. On October 20th, the crypto asset was moving for $0.0000178, less than half its current price.<\/p>\n Recently, Floki announced the launch<\/a> of TokenFi, a crypto and asset tokenization platform that aims to simplify the process of tokenizing assets and \u201ceventually become the foremost tokenization platform in the world.\u201d<\/p>\n Shiba Inu is trading for $0.000008 at time of writing, a fractional increase during the last day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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