A leading blockchain analytics firm says that a huge percentage of Shiba Inu (SHIB) and Floki (FLOKI) holders are underwater.
According to IntoTheBlock, 81% of SHIB holders are sitting on losses, just 16% are profitable and 3% are breaking even.
SHIB is trading for $0.00000851 at time of writing, down 90.1% from its all-time high of $0.0000861 on October 28th, 2021.
According to the analytics firm, 78% of Floki holders are at a loss,14% are profitable and 9% are breaking even.
Floki is worth $0.0000315 at time of writing, down 90.6% from its all-time high of $0.000336 on November 4th, 2021.
Holders of the dog-themed memecoin Dogelon Mars (ELON) are slightly worse off than rival dog-themed memecoins SHIB and FLOKI.
According to IntoTheBlock, 83% of ELON holders are at a loss on their investments, 16% are profitable and 1% are breaking even.
ELON is trading for $0.000000209 at time of writing, down 92% from its all-time high of $0.00000259 on October 30th, 2021.
Two other memecoins are doing relatively better.
According to IntoTheBlock, 48% of Dogecoin (DOGE) holders are in profit, another 48% are underwater and 4% are breaking even.
DOGE is trading for $0.0717 at time of writing, down 90.2% from its all-time high of $0.731 on May 8th, 2021.
According to the analytics firm, 46% of Pepe (PEPE) holders are in the red, 28% are seeing profits and 26% are breaking even.
Pepe is worth $0.00000125 at time of writing, down 70.4% since its all-time high of $0.00000431 on May 5th, 2023.
