Shiba Inu Shows Resilience: Whales Accumulate as Trading Activity Declines

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 […]

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Shiba Inu Shows Resilience: Whales Accumulate as Trading Activity Declines

  • Non-exchange SHIB whales added 6.57T coins, showing strong confidence among long-term holders despite market volatility.
  • SHIB exchange wallets saw a 5.53T coin reduction, indicating a shift to long-term storage in non-exchange wallets.
  • SHIB’s price rose by 5% in 48 hours, but trading volume dropped 54.29%, showing less market interest and bearish sentiment.

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 an indication of stability 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 SHIB Long-Term Holders Gain Confidence Amid Exchange Exodus appeared first on Coin Edition.