Shiba

Token

Shiba Inu

Trillion

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The meme-based digital asset Shiba Inu has experienced a substantial withdrawal from exchanges.
Over 8 trillion SHIB tokens with an estimated value of $88 million <a href="https://twitter.com/ali_charts/status/1738766194763862074" rel="noopener noreferrer nofollow">have been moved</a> out of known exchange wallets since November.
This event marks a significant shift in token distribution and could signal changes in investor behavior toward Shiba Inu.
<h2 id="transaction-statistics-breakdown">Transaction statistics breakdown</h2>
A closer examination of transaction counts by size reveals diversified activity within the Shiba Inu trading community, according to IntoTheBlock <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=network&amp;chart=transactions" rel="noopener noreferrer nofollow">data</a>.
Transactions ranging from as little as $0.00 to $1.00 showed an increase of 25.71% over a 30-day period, while larger transactions above $1 million rose by a staggering 150%.
The highest recorded transaction volume in a single week was 15.34 trillion SHIB, amounting to $158.1 million.
This distribution shows that both retail and large-scale investors are actively engaging with Shiba Inu, reflecting a varied demographic of participation.
<h2 id="whale-movements">Whale movements</h2>
The DeFi tracking service Lookonchain has spotted a trend of accumulation by whales, including Tron founder <a href="https://u.today/tron-founder-justin-sun-withdraws-77-billion-shiba-inu-shib-following-500-billion-withdrawal-whats" rel="noopener noreferrer nofollow">Justin Sun</a> and other high net-worth individuals.
For instance, a new wallet labeled "0xa656" moved 237.87 billion <a href="https://u.today/41-of-shiba-inu-shib-holders-in-profit-as-on-chain-signals-turn-bullish" rel="noopener noreferrer nofollow">SHIB</a> from Binance, an action that mirrors growing confidence in Shiba Inu's potential.
Meanwhile, two wallets possibly owned by a single investor acquired 850 billion SHIB, investing over $7.5 million.
These investments coincide with a recent rise in the price of the meme cryptocurrency.

Shiba Inu Sees 8 Trillion Token Withdrawal

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