346 Billion SHIB Later: Why Smart Money Is Moving Shiba Inu Coin Off Exchanges
The post 346 Billion SHIB Later: Why Smart Money Is Moving Shiba Inu Coin Off Exchanges appeared on BitcoinEthereumNews.com. Large transfers slow, but reserves keep falling What this means for the SHIB price Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, SHIB’s net flow on trading platforms has remained negative for a record eight consecutive days since July 3. So-called smart money, which controls up to 94.5% of the token’s supply, has reduced selling and withdrawn hundreds of billions of tokens to “cold” wallets over this period. The movement of tokens over the past 24 hours is reflected in the following metrics: ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy Massive outflow: 226.3 billion SHIB left exchange accounts for private addresses. Modest inf