Shiba Inu and Floki Investors Struggling Amid Volatility

Recent insights from a market intelligence source highlight that the majority of Shiba Inu (SHIB) and another meme-based cryptocurrency's investors have yet to see positive returns in the past few days.

Reportedly, around 79% of SHIB holders are experiencing losses, contrasting with only 17% who have profited.

Notably, the data also reveals that a substantial 71% of Shiba Inu investors have maintained their positions for over a year, with 27% holding for a span between 1 and 12 months. Merely 2% have held the asset for less than a month.

Regarding Floki (FLOKI), a cryptocurrency associated with canine themes, approximately 65% of its investors find themselves in a loss-making position, while 27% are witnessing gains, and 8% remain at a neutral standing.

Despite Floki’s recent surge in value by 115% over a couple of days, its current trading price sits at $0.000037, signifying a 15.5% increase within the last 24 hours. Notably, just a week ago, on October 20th, the crypto asset was valued at $0.0000178, less than half its present price.

Additionally, Floki recently announced the introduction of TokenFi, a platform focusing on crypto and asset tokenization, aiming to streamline the asset tokenization process with ambitions of becoming a leading platform in this domain.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.