SHIB sees influx of short-term speculators, here might be reason why ShibaArmy SHIBCommunity Shibainu $SHIB ShibaInuArena
data, Shiba Inu is seeing a slight increase in the percentage of short-term spectators, which refers to those that have held SHIB for less than a month.
According to IntoTheBlock's data on holder composition by time held, 50% of SHIB holders have"hodled" their tokens for more than a year, 46% have held within a year and 4% have held onto their tokens for less than a month.reported the percentage of short-term traders who had gotten and held their SHIB tokens for less than a month as 3%.
SHIB rallied alongside Dogecoin in late October on the news of Twitter's acquisition by Elon Musk. Taken from its Oct. 25 lows of $0.00000985, when the news of the acquisition surfaced, SHIB rallied over 54% to reach highs of $0.00001518 on Oct. 29. The price move may have attracted short-term traders who jumped in to capture profits. It might also have drawn more users to the Shiba Inu network, increasing the number of short-term holders.
At the time of writing, SHIB was trading at $0.000009579, down 3.98% in line with the general crypto market declines brought about by FTX's bankruptcy declaration. Likewise, the current declines may have attracted new holders who are buying at a discount.wants the Miami HEAT to rename its home ground to Shiba Inu Arena. In response to a user, Kusama said it would be great to see the Miami HEAT's home arena renamed to"Shibarium Arena.
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