• Crypto analytics firm IntoTheBlock says that over 75% of Shiba Inu (SHIB) and Floki (FLOKI) holders are underwater on their investments.
• Dog-themed memecoins Dogelon Mars (ELON), Dogecoin (DOGE), and Pepe (PEPE) have also seen losses, though at a smaller rate than SHIB and FLOKI.
• Dogecoin is the most profitable of the dog-themed coins, with 48% of its holders in the green.
High Loss Rates for SHIB & FLOKI
Crypto analytics firm IntoTheBlock reports that 81% of Shiba Inu (SHIB) holders are underwater, just 16% are profitable and 3% are breaking even. SHIB is trading for $0.00000851 at time of writing, down 90.1% from its all-time high of $0.0000861 on October 28th, 2021. Similarly, 78% of Floki holders are at a loss, 14% are profitable and 9% are breaking even. Floki is worth $0.0000315 at time of writing which equates to a 90.6% decline since its all-time high of $0.000336 on November 4th, 2021.
Dogelon Mars Lagging Behind
According to the analytics firm, 83% of Dogelon Mars (ELON) holders are currently in the red while 16% remain profitable and 1 % break even . ELON is trading for $0.000000209 at time of writing, down 92 % from its all-time high of $0.00000259 on October 30th , 2021 .
Dogecoin Holding Its Own
Dogecoin appears to be faring better than other dog – themed memecoins , with IntoTheBlock reporting that 48 % of DOGE holders have profits , 48 % remain underwater and 4 % break even . DOGE is trading for $ 0 . 0717at time of writing , down 90 . 2 % from its all – time highof $ 0 . 731 on May 8th , 2021 .
Pepe Struggling To Stay Afloat
According to IntoTheBlock ‘s data , 46 % Pepe ( PEPE ) holdersare in the red while 28 % remain profitableand 26 % break even . Pepe is worth$ 0 . 00000125 at timeof writing which equates toa 70 . 4 % decline sinceits all – timehighof$ 0 . 00000431 on May 5th , 2023 .
Conclusion
All fourdog – themedmemecoinshave experienced seriouslosses sincereaching theirall – timehighs butDogecoinhas held up relativelywell comparedto thosearound itwhile Pepe hasstruggledtostay afloat