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Shiba Inu Whales Just Withdrew Over 2 Trillion Tokens From Exchanges — What This Means For SHIB

  • Over 2 trillion Shiba Inu (SHIB) tokens have been withdrawn from major cryptocurrency exchanges in the past week.
  • The withdrawals from Coinbase, Binance, and Uniswap suggest a potential accumulation by large investors.
  • Large-scale exchange withdrawals typically reduce the available supply of a token on exchanges, creating conditions for bullish price action.
  • However, on-chain data shows a contradicting trend with increased deposits, potentially signaling selling pressure.

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