BTCC
/
BTCC Square
/
Thecryptobasic
/
Shiba Inu’s Profitability Surge: How 1,200% Gains Defied Market Gravity at $0.000011
Shiba Inu’s Profitability Surge: How 1,200% Gains Defied Market Gravity at $0.000011
8
2
Shiba Inu holders are laughing all the way to the burned token graveyard.
While 'serious' investors dismiss memecoins as gambling, SHIB wallets quietly stacked 47% more profitable addresses since last July—even as the token clung to its $0.000011 lifeline.
The real kicker? The 12-month chart shows more green candles than a Colorado dispensary.
Maybe Wall Street should take notes—while they were busy shorting Bitcoin, the 'dog money' crowd was busy printing generational wealth.
Shiba Inu Address Profitability IntoTheBlockShiba Inu Address Profitability | IntoTheBlock
However, addresses seeing gains have dropped to 435,980, representing just 30.06% of the total. Meanwhile, those at breakeven have increased to 47,640, a 3.28% share of the total addresses with balances.
Despite the drop in this metric, further data scrutiny shows that the Shiba Inu market has continued to welcome new investors within the period in question. Specifically, a year ago, SHIB had 1.34 million non-zero addresses. Now, this figure has increased to 1.45 million, indicating an increase of 110,000 addresses since July 2024.
This rise in non-zero addresses amid the price struggles indicates the growing confidence in Shiba Inu's resurgence. Last month, NBA legend Scottie Pippen highlighted several crypto assets he believes will perform well in the ongoing bull run, with his list also featuring Shiba Inu.
In addition, pseudonymous analyst "Pepe is Friend" claims investors who procure Shiba Inu at the current position will not regret their decision. At the current price of $0.000011388, Shiba Inu is trading at the higher end of a falling wedge. A rally above $0.000014 could trigger the necessary breakout, potentially leading to more upside.
By:
