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Shiba Inu’s 30% rally in the past week has led to a high MVRV ratio of 22%, signaling potential profit-taking and a price correction. The RSI is in the overbought zone Data from the analytics firm IntoTheBlock underlined that 62% of SHIB holders are still in profit, showcasing the token’s resilience amid market fluctuations. According to data from the on-chain analytics site, IntoTheBlock, about 29.9 trillion SHIB coins regained their profitability amid the price rally. The profitability involves According to IntoTheBlock’s data of all the addresses currently holding SHIB, around 713,960 addresses are currently in profit. This represents about 52.5% of the total SHIB addresses. On According to data from IntoTheBlock, only about 10% of all Shiba Inu addresses are currently in profit. That’s roughly 482,970 wallets holding a total of 102.43

How Many Shiba Inu Investors Are in Profit After the Recent Rally?

The recent Shiba Inu (SHIB) rally has sparked significant interest in investor profitability. With Shiba Inu’s 30% rally in the past week, many are wondering how many SHIB holders are now sitting on gains.

Several factors are influencing the current situation. Shiba Inu’s 30% rally in the past week has led to a high MVRV ratio of 22%, signaling potential profit-taking and a price correction. The RSI is in the overbought zone, further suggesting a possible pullback.

Pinpointing the exact number of profitable investors requires analyzing on-chain data. According to data from the on-chain analytics site, IntoTheBlock, about 29.9 trillion SHIB coins regained their profitability amid the price rally. The profitability involves changes in the average cost basis of the tokens held by various addresses.

However, overall, current profitability paints a fluctuating picture. According to IntoTheBlock’s data of all the addresses currently holding SHIB, around 713,960 addresses are currently in profit. This represents about 52.5% of the total SHIB addresses.

Yet, earlier data from the analytics firm IntoTheBlock underlined that 62% of SHIB holders are still in profit, showcasing the token’s resilience amid market fluctuations. This indicates that while some may have initially been underwater, the rally pushed them back into the green.

In contrast, some reports indicated lower profitability rates. According to data from IntoTheBlock, only about 10% of all Shiba Inu addresses are currently in profit. That’s roughly 482,970 wallets holding a total of 102.43... (unit unclear, but referencing a considerable volume).

In conclusion, the number of Shiba Inu investors in profit after the rally is dynamic and depends on the specific timeframe and data being analyzed. While recent data points towards a fluctuating 52.5% profitability (around 713,960 addresses), other reports suggest percentages ranging from 10% to 62% depending on when the snapshot was taken. Therefore, the impact of the rally is widespread, but the ultimate outcome for each investor varies based on their individual entry points and trading strategies.

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