Shiba Inu Holders Flock to Decentralized Hedge Fund

Shiba Inu (SHIB) holders have demonstrated remarkable loyalty by maintaining their positions for over a year, with an astonishing 78% of them refusing to sell their tokens despite the cryptocurrency's stagnant price.

This 'diamond hands' phenomenon has been observed in on-chain data, where it is revealed that SHIB holders are unwilling to sell at current levels. However, this loyalty comes without any financial reward, as the daily burn rate has collapsed and there is no revenue model for meme coins like SHIB.