Shiba Inu address profitability has declined over the past year despite the coin maintaining a price above $0.000011 amid broader market uncertainty.
Data indicates that currently, around 966,780 addresses are at a loss on their Shiba Inu investments, marking 66.66% of total non-zero addresses.
The number of addresses at a profit has decreased to 435,980, accounting for just 30.06% of the total, while those at breakeven have increased to 47,640, representing 3.28% of the addresses with balances.
Despite the drop in address profitability, Shiba Inu has seen an increase in the total number of non-zero addresses, indicating growing confidence in the coin's future potential amid market challenges and endorsements from figures like Scottie Pippen.