<ul><li>More than 57% of Shiba Inu (SHIB) investors are currently in the red, following a substantial price drop.</li><li>A small group of 10 wallets holds over 61% of SHIB's supply, potentially impacting market shifts through their actions.</li><li>In September 2023, nearly 90% of SHIB holders were underwater, highlighting the current percentage as less concerning.</li><li>Factors such as the progress of the layer-2 blockchain Shibarium, a partnership with the Ministry of Energy and Infrastructure of the United Arab Emirates, and a significant increase in the burn rate may contribute to SHIB's potential recovery.</li></ul>

Here’s How Many Shiba Inu (SHIB) Investors Sit on Unrealized Losses

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