Data reveals Shiba Inu long-term holders control 80% of circulating supply, holding steady through recent volatility and price declines.

Shiba Inu investors are refusing to back down even as the meme coin faces another wave of market pressure. Over 80% of Shiba Inu’s circulating supply is held by long-term holders, according to data from blockchain analytics firm IntoTheBlock, demonstrating no signs of faltering despite a 16% price drop recorded in the last week.

The numbers highlight a clear divide between short-term traders and those holding for the long haul. IntoTheBlock classifies long-term holders as wallets keeping SHIB for at least 12 months, a group that has steadily increased its dominance even as prices fluctuate.

“I think what we’re seeing is a shift in how meme coins are being treated,” said one market analyst. “Shiba Inu isn’t just a quick trade anymore. It’s becoming a hold for a growing number of investors who believe in its future, regardless of short-term moves.”

While some profit-taking occurred during early 2024’s rallies, the vast majority of SHIB holders have held firm. The current supply dominance comes not from new buyers but from those who accumulated the token at least a year ago, suggesting deep-rooted confidence rather than speculative hype.

At the time of writing, Shiba Inu trades at $0.000012, down sharply from recent highs. Yet with 80% of the supply locked in long-term hands, the token’s fate may hinge less on daily price action and more on the patience of its dedicated backers.

As the crypto market navigates another volatile phase, Shiba Inu’s holders are sending a message: they’re in it for the long run.