According to the cryptanalysis company Into the blockcryptocurrency Shiba Inu SHIB/USD Is experience a significant change in large transactions.

IntoTheBlock on Saturday reported that the vast majority of SHIB holders remain submerged in their investments in the asset.

Shiba Inu’s current momentum indicator for large trades is down 3.08%, which is a bearish signal.

However, 67% of Shiba Inu holders have kept their SHIB for over a year, with 30% owning the top meme token between a month and 12 months. The remaining 3% of SHIB owners have owned their Shiba Inu for less than a month.

The report adds that only 30% of SHIB holders are making money at the asset’s current price, compared to 5% who break even and 65% who are at a loss.

Also read: Shiba Inu’s burn rate increases by 2400% after Shibarium goes live

At the time of writing, Shiba Inu is trading at $0.00001052, down 5% over the past week. The cryptocurrency remains more than 87% below its all-time high of $0.00008616.

Last week nearly 25 trillion SHIB tokens worth a quarter of a billion dollars were traded left safely one of the crypto exchanges and have been stored in cold storage, according to new on-chain data.

In addition, the cryptanalysis company Santiment written down that 24.9 trillion SHIB tokens were transferred into a self-custody wallet in six separate transactions by an unknown party ether ETH/USD address.

Earlier this month, SHIB the most traded token among the best ETH whales. Blockchain tracking service Etherscan reported that a major crypto whale amassed 118,058,494,947 SHIB worth $1.34 million.

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