Shiba Inu (SHIB) Faces Bearish Sentiment as Most Holders Incur Losses Despite Growing Long-Term Confidence

Shiba Inu (SHIB) is currently facing significant bearish pressure, with around 65% of holders experiencing losses and its price down 87% from its all-time high in 2021, including a 60% drop over the past year. Despite this, recent blockchain data from IntoTheBlock reveals that over 79% of SHIB’s total supply is held by long-term investors—more than 1.13 million wallets have held their tokens for over a year, controlling about 787.39 trillion SHIB, highlighting sustained investor confidence. SHIB has seen a 3.92% price gain in the last 24 hours and 16.16% over 30 days, but its value remains almost 40% lower year-to-date. Transaction volume spikes suggest active whale movement, possibly indicating sell-offs or renewed investor interest that could precede a recovery. While the current sentiment is bearish and prices are at 2024 lows, many analysts maintain an optimistic outlook, predicting a potential 500% gain if SHIB returns to previous bull market highs. For crypto traders, the substantial long-term hold rate signals reduced short-term selling pressure and could help stabilize SHIB’s price, positioning it for future rallies if market sentiment turns bullish.