According to data from IntoTheBlock, close to 5,000 investors made more than 1000% profit by taking the Shiba Inu (SHIB) number while it was at an all-time low.
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While there are currently over 1000% profit wallets, it is most likely that the wallet owners sold off assets as the asset moved towards the ATH level.
If they hold the 5,000 SHIBs cited in the on-chain data, they are the ones who still prefer to hold their funds.
The lowest level of the Shiba Inu was reached on June 12, 2021.
Most Shiba Inu owners are individual investors who prefer short-term profits over long-term holdings. For this reason, more volatility in the asset is seen as likely.
At the time of writing, the Shiba Inu is trading at $0.00006955 according to Coinecko data.
