A recent study on altcoin holders has unveiled a significant finding regarding SUSHI holders. By examining the past inflow and outflow addresses of SUSHI holders, valuable insights can be gained about the profitability of these addresses in relation to the current price of the token.
According to data from the Ethereum blockchain, a total of 100,670 addresses, accounting for 88.13% of the total, are currently holding SUSHI at a loss. In contrast, 8,750 addresses, representing 7.66% of the total, are experiencing profits, while 4,800 addresses, or 4.2%, are at break-even.
Between June 1 and June 12, there have been notable shifts in the profitability of SUSHI addresses on the Ethereum network. Consequently, the price of SushiSwap (SUSHI) has been on a downward trend, testing crucial support levels. The majority of investors are currently facing losses, and in order for the price to see an upturn, it will need to surpass the baseline of the Ichimoku Cloud.
