{"id":148124,"date":"2021-12-23T13:27:25","date_gmt":"2021-12-23T13:27:25","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148124"},"modified":"2021-12-23T13:27:25","modified_gmt":"2021-12-23T13:27:25","slug":"despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/","title":{"rendered":"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why"},"content":{"rendered":"<p>Key Takeaways<\/p>\n<ul>\n<li>The top 1000 Ethereum whales recently saw over $200 million wiped off the value of their SHIB holdings.<\/li>\n<li>Despite the dip in the price of the meme coin, most holders still appear not willing to sell their SHIB.\u00a0<\/li>\n<li>Developments in the Shiba Inu ecosystem may be guiding the bullish sentiments.<\/li>\n<\/ul>\n<p>Whale-level investors have been on an accumulation spree of the dog-themed meme coin Shiba Inu. SHIB has maintained about 7% dominance among the top 1000 Ethereum whale wallets, topping all other tokens as they held more than $1.5 billion worth of SHIB tokens according to WhaleStats which tracks the metric.<\/p>\n<p>However, amidst the descent in the price of SHIB over the last 4 weeks where it has fallen around 6.25%, the value of the whales&#8217; holdings has dropped by more than $200 million, as has the dominance of SHIB among their holdings. At the moment, the total SHIB holding of the class of investors is worth nearly $1.5 billion and SHIB has been surpassed in dominance by the FTX token, the native token of the FTX cryptocurrency exchange ecosystem.<\/p>\n<p>In the broader market as well, data shows that a lot of SHIB holders are currently underwater in their investments. According to the blockchain intelligence platform, IntoTheBlock, around 38% of SHIB holders are &#8220;out of the money&#8221; going by the price at which they bought into the market.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/zycrypto.com\/wp-content\/uploads\/2021\/12\/ITB_shib_historical_in_out_of_the_money_2021-12-23T11_32_37.190Z-1024x683.png\"><\/p>\n<p>Despite this, market players are disinclined to sell their SHIB holdings. One key market player specifically revealed that despite currently being 35.6% in losses since buying around 30 billion SHIB tokens for circa $1.5M, they were not vending.<\/p>\n<p>This sentiment seems to be shared by a lot of other SHIB holders despite the price being down around 66.9% from its all-time high of around $0.000087 reached in October.<\/p>\n<h2><strong>Sentiments guided by other developments in the SHIB ecosystem<\/strong><\/h2>\n<p>The strong holding sentiment among SHIB investors may be a result of the amount of adoption that the meme coin is being opened up to due to the developments happening in the Shiba Inu ecosystem.<\/p>\n<p>Earlier in the month, Shiba Inu wallets reached a remarkable 1,070,000 addresses, crossing the elusive 1 million mark.&nbsp;<\/p>\n<p>Recent announcements from the Shiba Inu Core Developers (SICD) have been driving optimism for the future of SHIB. According to Eric M, a Shiba Inu Core developer, market participants should be on the lookout for Shibarium, Shiba Inu&#8217;s layer 2 scaling solution, &#8220;soon.&#8221;<\/p>\n<p>The L2 solution is billed to make transactions cheaper and faster than they already are on the Ethereum-based blockchain network. It will also play a key role in improving the user experience of Shiba Inu&#8217;s own iteration of the metaverse which is in the works according to the pseudonymous creator of the meme coin, Ryoshi.<\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The top 1000 Ethereum whales<\/p>\n","protected":false},"author":3,"featured_media":148123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Key Takeaways The top 1000 Ethereum whales\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-23T13:27:25+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/12\/Despite-Almost-40-Of-Shiba-Inu-Holders-Being-quotOut-Of-The-Moneyquot-Most-Are-Still-Reluctant-To-Sell-\u2014-Here039s-Why.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/\",\"name\":\"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-12-23T13:27:25+00:00\",\"dateModified\":\"2021-12-23T13:27:25+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/","og_locale":"en_US","og_type":"article","og_title":"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why - Pre Coin News","og_description":"Key Takeaways The top 1000 Ethereum whales","og_url":"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/","og_site_name":"Pre Coin News","article_published_time":"2021-12-23T13:27:25+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/12\/Despite-Almost-40-Of-Shiba-Inu-Holders-Being-quotOut-Of-The-Moneyquot-Most-Are-Still-Reluctant-To-Sell-\u2014-Here039s-Why.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/","url":"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/","name":"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-12-23T13:27:25+00:00","dateModified":"2021-12-23T13:27:25+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/despite-almost-40-of-shiba-inu-holders-being-out-of-the-money-most-are-still-reluctant-to-sell-heres-why\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Despite Almost 40% Of Shiba Inu Holders Being &quot;Out Of The Money&quot;, Most Are Still Reluctant To Sell \u2014 Here&#039;s Why"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/148124"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=148124"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/148124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/148123"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=148124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=148124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=148124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}