In the grand tapestry of the digital currency landscape, one cannot help but marvel at the steadfastness of the Shiba Inu long-term holders, those noble souls who clutch their tokens with a fervor that would make even the most stoic of Russian peasants weep with envy.
The Unfaltering HODLers: A Study in Resilience
In a recent missive on the platform known as X, the astute minds at IntoTheBlock have illuminated the curious case of the Shiba Inu long-term holders, those who have clung to their coins for more than a year, as if they were the last remnants of a beloved family heirloom.
These long-term holders, affectionately dubbed ‘HODLers,’ stand in stark contrast to the fleeting ‘traders’—those who flit about like butterflies, purchasing their coins within the past month—and the ‘cruisers,’ who, while having surpassed the one-month threshold, have yet to attain the hallowed status of HODLer.
Statistically speaking, the longer one clutches their coins, the less likely they are to part with them. It is a curious phenomenon, akin to the way a mother holds her child—tight and unyielding, even in the face of adversity.
Yet, even the most resolute of HODLers are not impervious to the siren call of profit. Indeed, as the chart below reveals, during the euphoric price rally of the first quarter of 2024, these stalwart guardians did partake in a modicum of profit-taking, as if to say, “A little indulgence never hurt anyone!”
While a few minor sell-offs graced the end of 2024 and the dawn of 2025, the Shiba Inu long-term holders have exhibited a remarkable fortitude amidst the tempest of volatility. Indeed, their collective supply has seen a net increase in recent months, with these diamond-handed champions now commanding over 80% of the meme coin’s circulating supply. “Even in the face of adversity, many SHIB holders remain optimistic,” quips IntoTheBlock, perhaps with a hint of irony.
It is worth noting, however, that this increase in supply does not signify a flurry of buying activity. Rather, it reflects a migration of supply from the cruiser group, a slow and steady march reminiscent of a tortoise in a race against a hare. The actual buying, it seems, occurred a year prior, leaving us with a delightful time-lag that would make even the most patient of souls chuckle.
Conversely, the act of selling is instantaneous, as HODLers are swiftly relegated to the trader group the moment they dare to break their dormancy. Ah, the irony of it all!
In another enlightening post on X, IntoTheBlock has also shared the trends among Bitcoin long-term holders. The chart reveals that while these BTC diamond hands engaged in significant selling during the bull rally, they too have begun to turn the tide recently, perhaps in a bid to reclaim their former glory.
The Current State of SHIB
As I pen these words, the Shiba Inu finds itself languishing at approximately $0.000012, a decline of nearly 16% over the past week. Ah, the fickle nature of fortune!
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2025-04-04 08:29