Shiba Inu’s Epic Faceplant: 87% of Holders Crying in the Lost and Found! 😱🐶

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So, remember that time when Shiba Inu (SHIB) peaked at a jaw-dropping $0.0000176 on May 12? Well, surprise! It has now nosedived by 33%! Like, who asked for a rollercoaster ride? 🎢

Thanks to this shocking performance (or lack thereof), on-chain data reveals that a whopping chunk of SHIB holders are currently swimming in the deep end of unrealized losses. Imagine a pool party, only everyone forgot their bathing suits and are panicking. What on earth does this mean for our dear investors? 👀

SHIB’s Tragic Drama: 87% of Addresses Now ‘Out of the Money’ – Cue the Crying!

According to our friends at Glassnode, the SHIB Net Unrealized Profit/Loss (NUPL) metric is waving a big ‘hello’ from the capitulation zone. It’s like an exclusive club for those who thought meme coins were a good idea—oh dear! 😬

The NUPL metric is like the mood ring of the cryptocurrency world—it shows if we’re feeling rich or downright broke in relation to our beloved meme coin. Spoiler alert: it’s not looking good.

Glassnode informs us that if the NUPL is negative, we’ve officially entered the land of capitulation. Basically, that means most folks are floundering in losses. And what do people do in panic? Well, they either sell at a loss or clutch their assets like they’re the last lifeboats on the Titanic. 🚢💔

And IntoTheBlock’s Global In/Out of the Money metric just confirmed we’re swimming with sharks—over 87.34% of SHIB holders are ‘out of the money’. Talk about a party nobody wants to be at! 🍷

What does “out of the money” mean? It’s when the current market price of your beloved SHIB is like that strict teacher—lower than your average acquisition price. If anyone considers selling now, they might as well burn their wallets! 🔥

SHIB’s Capitulation: Is the Price Bottom Closer Than Everyone’s Feelings? 🤔

Historically, negative NUPL readings signal we’re near the end of the bearish cycle. Yes, the light at the end of the tunnel might not be an oncoming train this time! 🚂🏻 There are two main reasons why this could mean a glimmer of hope!

First, when everyone is down in the dumps over losses, they often hold onto their coins like they’re the last chocolate bar in a household—unmoved and unmotivated to sell. This behavior reduces selling pressure and might create a more stable price. Less drama, more pizza! 🍕

Second, capitulation tends to push out the “weak hands” (the ones who panic easily) and welcomes the bold “diamond hands” (the diehard investors who aren’t going anywhere). These brave souls might just buy during this chaos and get that bullish price reversal party started! 🎉

Will SHIB Get Its Groove Back Above $0.000012? 🍾✨

Currently, our SHIB friend is trading at $0.00001180. If the selling pressure eases up and the buyers come out of hiding, we might just break through that resistance at $0.0000198! 🎯 And who knows, we could even nudge our way up to $0.00001362 like a celebrity at a Hollywood party.

But, don’t get too excited! If the bearish vibes strengthen, we could watch SHIB tumble down to $0.00001105. Yikes! 😳

Unfortunately, we also need to mention that SHIB’s burn rate is currently plummeting like it’s in a free-fall. It’s dropped by a whopping 92%! Fewer tokens are out of circulation, making it tougher for SHIB to be the star of the show without some fresh demand. Time to send out those invites! 🚀

If the burn activity doesn’t pick up soon, we might be stuck waiting a bit longer for SHIB’s comeback. Just remember, it’s all fun and games until someone loses their coins! 🙃

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2025-07-08 00:06