June 15 (Cointime) - According to data from IntoTheBlock, 91% of Shiba Inu (SHIB) holders are currently experiencing losses on their positions. The blockchain data shows that only 7% of SHIB holders are making profits at the current price, while 2% are breaking even.

This drop in the number of traders in profit follows a steep price drop for SHIB and other altcoins over the weekend, which was triggered by lawsuits against Binance and Coinbase. Despite a mild rebound, SHIB remains significantly down from its opening price this month and its all-time high.

However, Shiba Inu-themed burger joint Welly has announced plans to expand with the launch of two new stores, which has been welcomed by SHIB's lead, Shytoshi Kusama.