Shiba Inu (SHIB) dey face bearish mindset as majority holders dey loss despite say long-term confidence dey grow
Shiba Inu (SHIB) dey face serious bearish pressure now, as about 65% of holders dey suffer losses and the price don drop 87% from the all-time high wey e reach for 2021, including 60% drop for the past year. Even though so, latest blockchain data from IntoTheBlock show say over 79% of SHIB total supply dey held by long-term investors—more than 1.13 million wallets don hold their tokens pass one year, controlling about 787.39 trillion SHIB, wey show say investors still get confidence. SHIB price don gain 3.92% for the last 24 hours and 16.16% for 30 days, but the value still dey almost 40% down since the start of the year. Transaction volume spike mean say whales dey move actively, maybe dem dey sell or investors interest don dey renewed, fit mean say recovery fit soon happen. Even though market dey bearish now and prices dey low for 2024, many analysts still dey optimistic, dey predict say price fit gain 500% if SHIB fit reach the old bull market highs again. For crypto traders, the high long-term holding rate mean say short-term selling pressure dey reduce, and e fit help stabilize SHIB price, ready am for future rally if market sentiment turn bullish.
Neutral
De current state for Shiba Inu (SHIB) get bearish sentiment, wit plenty holders dey suffer loss an de price don dey down well well from im all-time high. But de news still talk say plenty people dey hold long term, cause pass 79% of SHIB supply don dey held for more pass one year. Dis one show sey investors get confidence an e dey reduce sharp sell-offs wey fit make price stable. Short-term momentum still weak an de rise in transactions fit talk say more wahala dey come, but de foundation wey long-term holders don put fit help price rise again if market vibe turn bullish. So, de immediate impact na neutral: short-term bearish pressure balanced by strong long-term holder resilience.