The post Over 16% Active Shiba Inu Addresses in Profit Despite SHIB Price Drop appeared first on Coinpedia Fintech News
Shiba Inu has also been feeling the heat with the broad market downturn. Witnessing a two-digit loss over the last 24 hours, SHIB slumped 22.23% in the past week, breaking below multiple support levels to trade at $0.00002148. However, despite the SHIB collapsing to $0.000021, about 499 addresses, representing over 16% of the total active addresses, are currently witnessing gains on their Shiba Inu balances. A high count of profitable addresses may signal potential selling pressure as holders decide to realize their gains. Remarkably, active addresses in profit have continued to increase despite the price drop. This trend is likely due to a prevailing buy-the-dip campaign.