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Shiba Inu On-Chain Sending Addresses Spike 223% in One Day

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SHIB
$0.00000761-3.45%
Shiba Inu (SHIB) saw a 223% jump in on-chain sending addresses on December 4, rising from 3,066 to 9,900 in 24 hours. On-chain data shows the surge happened during a broader market downturn, with SHIB’s price holding steady. On-chain analysis reveals 8 trillion SHIB moved out of exchanges by December 9, including a 2.2 trillion SHIB withdrawal from Coinbase. Exchange inflows grew but stayed far below outflows, pointing to token redistribution rather than selling pressure.
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