490 Billion SHIB Exits Exchanges: Is the Price Under Pressure?
— Coin Türk
SHIB has seen an outflow of 490 billion from exchanges, yet the price continues to remain under pressure.
Shiba Inu (SHIB) has seen 490 billion withdrawn from exchanges recently, yet this outflow has not alleviated price pressure.
- 490 billion SHIB has been withdrawn from centralized exchanges in recent days; this may indicate that investors are adopting a long-term storage strategy.
- Despite the decline in SHIB's price, the significant outflow from exchanges has not had a noticeable impact on the price.
- Analysts note that this outflow occurred ahead of a meme coin rotation and predict potential changes in market dynamics.
The amount of SHIB leaving exchanges could create potential support for the price through reduced supply; however, current price pressures persist.