The price of Shiba Inu is entering a recovery phase after the exit of 101 billion tokens from exchange platforms.
Shiba Inu recorded an exit of 101 billion tokens from exchange platforms in 24 hours, a sign of decreasing selling pressure. The price of SHIB is consolidating in a triangular pattern, with holders transferring their assets to private storage solutions.
In the last 24 hours, Shiba Inu has seen a massive withdrawal of tokens from exchange platforms. Blockchain data indicates that approximately 101 billion SHIB tokens were withdrawn from centralized platforms during this period. This movement reflects a notable change in the behavior of holders of this iconic cryptocurrency.
Withdrawals from exchange platforms generally signal a decrease in selling pressure. When investors transfer their tokens to private wallets, it typically indicates an intention to hold them long-term. This phenomenon sharply contrasts with keeping tokens on exchange platforms, which often precedes massive sell-offs.
The magnitude of this withdrawal marks a break from previous months. SHIB has been under constant distribution pressure since the end of 2024. This shift suggests that holders are adopting a different strategy regarding their positions.
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