Based on The Crypto Basic, Shiba Inu (SHIB) investors withdrew 125 billion tokens from exchanges on November 15, according to CryptoQuant data. This marked a significant drop in SHIB’s exchange reserves, which fell from 81.815 trillion to 81.693 trillion on that day. Despite the outflow, the price of SHIB continued to decline, reaching $0.0000086 on November 16. The trend suggests reduced selling pressure, though the token has seen a 10.13% drop over the past week. Meanwhile, activity on Shibarium, SHIB’s Layer-2 network, has sharply declined, with transaction volume dropping by 85.92% in recent weeks.
Shiba Inu Investors Withdraw 125B SHIB From Exchanges in a Single Day
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