Shiba Inu (SHIB) has been lately making headlines with its growing technical and fundamental developments. Recently, the ownership structure of Shiba Inu has reached a crucial turning point. This occurs as a result of the percentage of long-term SHIB owners having crossed the crucial 60% mark; which suggests that the majority of network holders are serious investors.

According to the research conducted by the crypto analysis platform IntoTheBlock, long-term investors which make up the majority of Shiba Inu holders have held their SHIB tokens for at least a period of one year. According to the available data, SHIB has made extraordinary strides in this direction since the beginning of the year; the percentage of owners has increased from a meager 1% to a stunning 60% at that time.

The data further reveals the holder composition where 60% of SHIB holders have maintained their tokens for more than a year, 36% have held them for less than a year, and 4% have held them for less than a month.

(By Pratik Bhuyan)