These 5,000 SHIB holders now hold four-digit coins.
According to data provided by IntoTheBlock, nearly 5,000 traders and investors bought the Shiba Inu token near the lowest level of all time, and since then there has been more than 1,000% price increase.
Although there are some wallets that currently hold Shib with huge profits of 1,000%, most of the addresses that bought SHIB near the bottom most likely sold their assets on the way to the new peak.
5,000 owners of SHIBmentioned in the data in the chain are those who have not sold their holdings and still choose to hold instead of selling their assets.
The lowest level of SHIB of all time was reached on June 12, 2021. Altcoin traded at $ 0.00000559, but quickly recovered back to the top of the trading range with a 40% price increase.
As the token becomes increasingly popular in the crypto space, the number of short-term SHIB holders is gradually increasing in October.
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As early as September, the majority of SHIB holders held tokens for 1-12 months, while in October the number of medium-term holders decreased to 60%, having previously been 85%.
When the majority of asset holders are retailers who prefer short-term profit rather than long-term ownership, the market should expect greater volatility in the short term.
Shib and Doge remain the two most popular topics in the cryptocurrency industry. Community attention signals that retail interest is still there.
