As cryptocurrency investors shift their focus, the number of Shiba Inu (SHIB) long-term investors is increasing. Meanwhile, the Shiba Inu team announced a new project to dispel fear and uncertainty.
The distribution of Shiba Inu investors has changed dramatically
According to data provided by IntoTheBlock, the number of long-term investors of Shiba Inu (SHIB) is increasing. According to the data, 26% of SHIB investors have been protecting their wallets for more than a year. 70 percent prefer to empty their wallets within a year. The percentage of investors holding SHIB for less than a month was 4%.
In June, only 3% of Shiba Inu investors had protected their wallets for less than a month. At the end of December 2021 they tended to be short and medium term investors with 14% and 86% respectively for each group. In this time frame, the percentage of long-term or longer-term holdings was zero.
The distribution of Shiba Inu investors has changed drastically so far. Long-term investors now outnumber short-term investors. As a result, there is a shift in investment focus from a short-term to a long-term perspective. This shift came during the crypto winter, when altcoins saw 70-80% of their current peaks erased.
Shiba Inu team announce new project
The Shiba Inu team announced “SHIB Wikipedia” to eliminate scams and misinformation about the project. The purpose of creating the “SHIB Wikipedia” is to eliminate most of the crypto space scams that damage the reputation of the Shiba Inu ecosystem. According to reports, the document will come soon. The team is also making progress on Shibarium Documentation and Woofpaper v3. In this project, SHIB will be featured on Wikipedia. Details of the projects came from a SHIBARMY community member, SHIB BPP.
As a living document of all official and/or verified SHIB information, $SHIB is currently creating a Wikipedia. It will also highlight and feature community contributors and projects. #SHIBARMY I am hoping that this will be implemented soon to help eliminate some of the scams.
— $SHIB BPP (@ShibBPP) July 29, 2022
How is SHIB doing now?
The bankruptcy of Three Arrows Capital and the Fed’s move to monetary tightening were two major factors in this year’s decline. SHIB is currently trading at $0.00001224, up 3.21% from the last 24 hours. According to WhaleStats, Shiba has set a new record, reaching more than 1,215 thousand wallets. This remains a good sign because it indicates the interest of a long-term investor. Meanwhile, the biggest HODL of the top 100 ETH whales has once again become the Shiba Inu. According to WhaleStats data, the average SHIB balance and value among the top 100 balances increased by 28.29% and 33.32%, respectively. In addition, transaction volumes increased by 53.93 percent and net flow increased by 73.12 percent.
Finally, the date for the Ethereum merge will be September 19. ETH-based tokens are gearing up for change as the network moves from mining to PoS. cryptocoin.comWe have prepared a detailed article on this subject.
