Shiba Inu Whales Just Withdrew Over 2 Trillion Tokens From Exchanges — What This Means For SHIB
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Over 2 trillion Shiba Inu (SHIB) tokens have been withdrawn from major cryptocurrency exchanges like Coinbase, Binance, and Uniswap, suggesting potential large-scale investor accumulation. While exchange withdrawals could indicate bullish sentiment, on-chain data shows more deposits than exits, creating a complex market scenario.
April 01, 2025 | 7:45 pm
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NEUTRAL IMPACT
Significant token withdrawals from exchanges could potentially reduce selling pressure and support price stability, though current on-chain data shows mixed signals.
Large token withdrawals suggest potential accumulation, but contradictory on-chain deposit data creates uncertainty about immediate price movement.
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