Tag: SHIB

Shiba Inu (SHIB) Has 500 Billion Left Until Historic Threshold Is Broken

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Shiba Inu (SHIB) Has 500 Billion Left Until Historic Threshold Is Broken

The main reason for Shiba Inu’s fall is the enormous supply on exchanges, which is finally declining. A crucial on-chain milestone that could have a big impact on Shiba Inu’s market behavior is coming up. The total amount of SHIB held across trading platforms is currently close to 80 trillion tokens, according to exchange reserve data. Importance of this threshold This level has historically served as a significant structural threshold for the asset. Exchange balances are currently only marginally above that threshold, with about 500 billion SHIB remaining before the…

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102,000,000,000 SHIB in 24 Hours: Is This the End of Shiba Inu’s Market Crash?

CRYPTO WORLD
102,000,000,000 SHIB in 24 Hours

Over 102 billion SHIB left exchanges in a single day, which is one of the most significant on-chain signals we have seen during this entire sell-off. That is not a normal flow. This kind of massive negative netflow during a freefall usually indicates that large holders are removing coins from the market, which lessens the immediate pressure to sell. Brutal SHIB performance Considering SHIB’s current chart, that is important. For weeks, the price action has been brutal, with all of the major moving averages stacked above the price and pointing…

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