Benzinga - Investors who have bought into the dog-themed memecoin Floki Inu (CRYPTO: FLOKI) could be looking at significant losses, according to on-chain data.
What Happened: The analytics platform IntoTheBlock reported that only 19% of FLOKI holders are in a profitable position at the current trading price, and 70% are making losses on their investments.
It should be noted that earlier this week FLOKI was listed on Binance.US, and its price rose over 45%. At the time of writing, FLOKI was down 2%, in the last 24 hours, trading at $0.000036.
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Investors in Shiba Inu (CRYPTO: SHIB) are also suffering with over 68% in the red, while only 28% are breaking even or making a profit, respectively, with its current price at $0.000010.
On the other hand, Dogecoin (CRYPTO: DOGE) holders seem to be faring better with 54% seeing gains, and 43% breaking even or losing money, respectively. At the moment, the leading meme coin is worth $0.080.
Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed After Arkham Intelligence Denies ‘Buggy’ Mt. Gox Alerts: Analyst Predicts Summer Surge For BTC
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