Shiba

Shiba Inu

Inu.

Coin

<ul class="news-points">
 <li>Non-exchange SHIB whales added 6.57T coins, showing strong confidence among long-term holders despite market volatility.</li>
 <li>SHIB exchange wallets saw a 5.53T coin reduction, indicating a shift to long-term storage in non-exchange wallets.</li>
 <li>SHIB’s price rose by 5% in 48 hours, but trading volume dropped 54.29%, showing less market interest and bearish sentiment.</li>
</ul>
Shiba Inu (SHIB) holders shifted a significant amount of tokens over the weekend, with non-exchange whales increasing their holdings by 6.57 trillion coins in the past month.
This movement demonstrates strong confidence among long-term holders, while the top 150 largest SHIB exchange wallets saw a reduction of 5.53 trillion coins.
The move of coins off exchanges typically suggests a decline in market volatility and less selling pressure. Therefore, the pattern of whales moving their holdings to wallets that are not exchanged may be interpreted as <a href="https://coinedition.com/shiba-inu-whales-accumulate-as-retail-investors-panic-sell/" rel="noopener noreferrer nofollow">an indication of stability</a> for Shiba Inu.
The move of coins off exchanges typically suggests a decline in market volatility and less selling pressure. Therefore, the pattern of whales moving their holdings to wallets that are not exchanged could be seen as a…
The post <a href="https://coinedition.com/shib-long-term-holders-gain-confidence-amid-exchange-exodus/" rel="noopener noreferrer nofollow">SHIB Long-Term Holders Gain Confidence Amid Exchange Exodus</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SHIB Long-Term Holders Gain Confidence Amid Exchange Exodus

Coin Edition

Alte articole publicate pe 10 iul. 2024

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