A study on altcoin holders has revealed an interesting data point regarding SUSHI holders. The historical inflow/outflow addresses of those holding SUSHI have been particularly noteworthy. This specific metric offers insights into the profitability of addresses that hold SUSHI, based on the token’s current market price.
Within the Ethereum blockchain, a total of 100,670 addresses, accounting for 88.13%, are currently holding SUSHI at a loss. Furthermore, there are 8,750 addresses, representing 7.66%, that are profitable, while 4,800 addresses, or 4.2%, are at a break-even point. Notably, between June 1 and June 12, significant changes in the profitability of SUSHI addresses on Ethereum were observed.
As a consequence, the price of SushiSwap (SUSHI) has been in decline and is now testing crucial support levels. The majority of investors find themselves at a loss, with the hope that the price will rebound requiring it to surpass the base line of the Ichimoku Cloud.
