SHIB has set a new record in this metric, with the percentage of those that have held onto their assets for more than a year now outnumbering short- and midterm speculators.
According to IntoTheBlock's data on holder composition by time held, 51% of SHIB holders have"hodled" their tokens for more than a year, 43% have held within a year and 6% have held onto their tokens for less than a month. Although the number of holders may not have an immediate impact on price, it does represent long-term interest in an asset.After recovering from lows of $0.00000854 on Nov. 14, SHIB sustained its rebound to reach highs of $0.0000096 on Nov. 16, when bulls ran out of steam.
At the time of publication, SHIB was changing hands at $0.000009067, down 1.67% in the last 24 hours. SHIB's daily RSI has flattened slightly below the neutral mark of 50, suggesting the possibility of range trading before the next move.SHIB large holders seem to be making a move on the markets as, in the last 24 hours, large transactions were slightly up by 16%.
On the upside, bulls must clear the $0.00001071 and $0.00001168 levels to continue trending higher. On the other hand, a fall in the markets might see SHIB targeting the $0.000085 support ahead of the $0.0000082 mark.
Suckers better hope Elon never sells or it's ftx and lunc and Luna all over again