Despite Shiba Inu’s recent price fluctuations, most investors are resilient and have held their tokens for more than a year.
Bitcoin-led relief rally has a positive impact on the prices of key assets like Shiba Inu (SHIB). Fresh data from CoinMarketCap shows that Shib’s price has increased by 5.87% to $0.00001542 over the last 24 hours.
However, Shiba Inu’s price has only risen 2.87% over this time frame, so its weekly performance is not impressive. Additionally, Shiba Inu has experienced a surge of 23.02% over the past 30 days. However, dog-themed tokens still fall by 27.1% and 37.9% over the past six months.
Nevertheless, investors’ belief in assets has not diminished, with many expecting a massive price surge in the future. The growing confidence in Shiba Inu is reflected in the number of long-term investors who currently support the token.
Addresses that have held 787T Shib for over a year
Fresh data from IntotheBlock (ITB) confirms that there are approximately 1.45 million chain-on-chain addresses that hold SHIB. Of this amount, the addresses of 1.13 million people are long-term holders who have held Shiba Inu for more than a year. Based on the duration of the holding period, ITB labeled them as “holders.”
According to the data, these 1.13 million addresses hold a total of 787.39 trillion shiv tokens, representing 79.91% of the total 985.3 trillion shiv held in the chain. This data shows that most Shiba Inu investors hold tokens in the long term.
Shiba Inu address by ownership
Although IntotheBlock suggests that 1.13 million addresses hold about 787.39 trillion Siv tokens, it is worth mentioning that this data consists of both active and inactive tokens, including Shiba Inu’s official burn address.
The official burn wallet currently holds approximately 410.74 trillion Siv tokens. These tokens have been permanently removed from the circulation, but still appear in chain data captured by blockchain analytics platforms such as IntotheBlock.
Currently, Shiba Inu still has a circular supply of around 589.25 trillion tokens.
Short-term sive holder
According to Intotheblock data, approximately 288,500 addresses hold a total of 171.59 trillion SHIV tokens for 1 to 12 months. Interestingly, ITB has categorized Shiba Inu investors in this category as “cruisers.”
Meanwhile, 25,760 addresses are short-term traders and currently holds around 26.33 trillion Sybe in less than a month.
Shiba Inu will earn an address by the time it takes place
A significant number of long-term Shiba Inu owners and their holdings signal investors’ optimism towards Shib. Despite short-term price fluctuations, these investors hold SHIB assets for a long period of time.
Their confidence is driven primarily by the outlook for Sibainu’s vast price spikes, as observed in the 2021 market cycle. Another factor that drives investor optimism in Shiba Inu is optimistic price forecasts from top experts.
In particular, most analysts like Eunice Wong expect Shib’s price to rise to around $0.0001 for this bull cycle, representing a surge of 548.5% from the current price.
Shiba Inu handles holding USD
Meanwhile, IntotheBlock also provided insight into the US dollar value of investors’ Shiba Inu portfolio. Of Shiba Inu’s on-chain on-chain addresses, 203,500 holds Shivs under $1, while 225,730 of these wallets control a Shivs portfolio of between $1 and $10.
Almost 568,000 addresses have a single wave portfolio of around $10-100. Approximately 350,900 addresses own tokens between $100 and $1,000, while 95,190 wallets hold SHIBs worth between $1,000 and $10,000.
11,310 is an address-controlled portfolio that includes SHIBs worth $10,000 and $100,000 respectively. However, the number of addresses holding more than $100,000 worth of tokens is even lower.
For example, about 1,470 addresses hold shibs between $100,000 and $1 million. Additionally, the 857 wallets each hold shiv worth between $1 million and $10 million. The 71-year-old address holds Shiba inu tokens worth more than $10 million.
Shiba Inu handles holding USD