A leading blockchain analytics company says a huge percentage of Shiba Inu (SHIB) and Floki (FLOKI) holders are underwater.
According to IntoTheBlock, 81% of SHIB holders have run out to loseonly 16% is profitable and 3% break even.
SHIB is trading at $0.00000851 at the time of writing, down 90.1% from its all-time high of $0.0000861 on October 28, 2021.
According to the analytics company, 78% of Floki holders are on a loss.14% is profitable and 9% is breaking even.
Floki is worth $0.0000315 at the time of writing, down 90.6% from its all-time high of $0.000336 on November 4, 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 have a loss on their investments, 16% is profitable and 1% is break-even.
ELON is trading at $0.000000209 at the time of writing, down 92% from its all-time high of $0.00000259 on October 30, 2021.
Two other memecoins are doing relatively better.
According to IntoTheBlock, 48% of Dogecoin (DOGE) holders are making a profit, another 48% are underwater and 4% are breaking even.
DOGE is trading at $0.0717 at the time of writing, down 90.2% from its all-time high of $0.731 on May 8, 2021.
According to the analysis firm, 46% of Pepe (PEPE) holders are in the red, 28% see profit and 26% break even.
Pepe is worth $0.00000125 at the time of writing, down 70.4% since the all-time high of $0.00000431 on May 5, 2023.
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