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Shiba Inu (SHIB) on-chain data shows fewer than 1,000 users withdrawing tokens from exchanges
On-chain data for Shiba Inu (SHIB) indicates that only 538 withdrawal transactions were recorded recently, with fewer than 1,000 users actually moving tokens off exchanges. This suggests low confidence among holders, as exchange inflow stands at 247.06 billion SHIB against an outflow of 183.58 billion SHIB, resulting in a net inflow of 63.49 billion SHIB. The token's exchange reserve also grew by 0.07% in a day to 87.11 trillion SHIB. Analysts warn that unless withdrawals increase and buying momentum strengthens, SHIB could decline further towards $0.00000460.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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