A recent examination of altcoin holders has brought to light an interesting piece of data regarding SUSHI holders. The analysis focused on the past inflow/outflow addresses of those holding the popular token. This particular metric offers valuable insights into the profitability of addresses that are currently holding SUSHI at its current price.
On the Ethereum blockchain, it was found that out of the 100,670 addresses holding SUSHI, a significant 88.13% are currently at a loss. In contrast, 8,750 addresses, representing 7.66% of the total, are profitable, while 4,800 addresses, or 4.2%, are at break-even. The period between June 1 and June 12 witnessed noticeable shifts in the profitability of SUSHI holders on Ethereum.
Consequently, the price of SushiSwap (SUSHI) has been on a decline and is currently testing crucial support levels. The majority of investors are currently facing losses, and in order for the price to see an uptick, it will need to surpass the baseline of the Ichimoku Cloud.
