Shiba Inu Holders Refuse to Sell—Even as Their Wallets Sob Uncontrollably 😂

by

The Shiba Inu token, that trembling stray of the crypto world, now languishes in a season as bleak as a Russian winter. Their owners—god bless their unwavering optimism—hold on with a certain tragic dignity. According to the most recent scribbles from IntoTheBlock (one suspects they stared out a frosty window as they reported it), some 59% of SHIB enthusiasts are, in the parlance of the village drunk, “out of the money.”

It means, dear reader, they purchased SHIB at prices so grand their tokens now glare at them in disappointment. Only 4% can afford a neutral grimace at break-even, while 37%—clever foxes—sit on profits, likely stroking their virtual coins with a knowing smile. Ah, remembrance of that raucous year, 2021, when fortunes were made and memes became millionaires. Now, the tokens crouch fearfully on the edge of loss.

Trading as Exciting as Watching Paint Dry

At present, SHIB hovers at $0.000013—a sum so minuscule, the token could weep for itself and still have enough decimal places left for a matryoshka doll set. The trading volume? Down by 2.61% to a meager $133.6 million, which in crypto terms is what one might call a “slow Tuesday.”

Even more poetically bleak, the total transaction volume ballooned from 1.8 trillion to 7.37 trillion tokens, which sounds impressive until you realize it’s like trading buttons at a village market—lively, but ultimately valueless. Telegram chatter has quieted by 0.38% this week; somewhere in a distant suburb, a meme coin holder sighs and logs off.

All this suggests even the most ardent SHIB acolytes are reconsidering their life choices. Yet, like Russian landowners contemplating the meaninglessness of existence, 78% of SHIB holders have clenched their tokens to their chest for more than a year. Loyalty? Delusion? Who can say! Their resolve would make a Cossack blush.

Where Have All the New Investors Gone?

Meanwhile, new investors are as rare as a sunny day in Petersburg: a mere 2% have wandered in over the past month, only to realize the samovar is empty and hope tastes like stale bread. SHIB, ever the shadow to Bitcoin‘s drama, follows its every move with a 0.84 correlation out of 1.0. If BTC stumbles, SHIB faceplants—graceful as a cow on ice.

Despite this, the truly wealthy (perhaps out of boredom, or an excess of ennui) continue to shuffle SHIB around: large transaction volume hit $184.96 million in seven days. Perhaps they enjoy the thrill, or perhaps they’re simply lost. The heart of the matter: SHIB’s fate, like a provincial estate, will depend on whether it can disentangle itself from the market’s malaise or become, at long last, something more than just another story told in the dark.

🐕💸

Read More

2025-05-07 05:58