From Dec. 21, 2021 to Mar. 15, 2022 Shiba Inu added 118,695 new users to hit an all-time high of 1,199,453 token holders. However, the right hand side of the chart below shows SHIB’s three month rolling average of asset holders, graphicly depicting the shocking slide in Shiba Inu owners over the past several days.
Despite the 118,695 new users over the past three months, the project has lost the equivalent of 54% of that number in a matter of days. This topline analysis did not reveal whether the holders who left were long- or short-term investors but if this trend continues it likely won’t matter.
That’s especially true when you consider there’s been so much positive news of late for Shiba Inu including:
Conventional wisdom suggests that as interest rates increase, investors move from high-risk, speculative investments like SHIB to safer options with higher return potential. We’ll have to watch this financial flight from Shiba Inu closely, because if it continues to lose users faster than it gains them – the future could be dark. And that’s due to the Fed, more than FUD.
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Source: Cryptocurrency - investing.com
