SHIB Activity Jumps As Whales Pull Billions Off Exchanges
Shiba Inu saw a sharp uptick in network activity as large holders moved billions of tokens away from trading platforms.
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LIVENetwork activity for Shiba Inu jumped by 15 percent recently. This spike happened while the token traded near the $0.00000442 mark.
During the price drop, about 740 large holders withdrew billions of SHIB tokens from various exchanges. When whales move coins off trading platforms, it usually means they plan to hold them for the long term rather than sell right away.
Traders and market watchers should keep an eye on exchange balances and whale wallet movements. If large amounts continue to leave exchanges, selling pressure might ease up in the near future.
Prices update live from CoinMarketCap. Market data, not financial advice.
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