ICYMI: dynamics of ShibaInu holders' composition by time held is changing SHIB $SHIB SHIBArmy
has seen the addition of new owners in recent weeks, but the dynamics of its holders' composition by time held is changing. This comes as Shiba Inu is recording more"hodlers" which, according to IntoTheBlock, are the addresses that have held the asset for over one year. On the contrary, midterm holders, or so-called swing traders, have slightly decreased, while short-term spectators have largely remained constant.
Barely a week ago, U.Today reported the percentage of Shiba Inu's long-term holders as 26%, while that of midterm holders was then 70%, and only 4% held onto their tokens for less than a month at the time. as to long-term holders outnumbering short-term spectators might imply a shift in investor focus from a short-term view to a long-term one.Shiba Inu is set to mark its third consecutive positive week since mid-July.
According to IntoTheBlock data, Shiba Inu's large transactions rose by 162%, indicating that a high amount of volume was potentially bought by large players within the last 24 hours. Per WhaleStats data, Shiba Inu was ranked among the top 10 most purchased tokens by the 5,000 biggest ETH whales.
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