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Whales Drive 80 Trillion SHIB Outflow from Exchanges, TKResearch Reports

Data from TKResearch Trading shows major SHIB holders have reduced exchange balances significantly since early December, impacting market liquidity.

SHIB

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Terms & Concepts
  • Whales: Individuals or entities holding large amounts of a cryptocurrency, capable of influencing market trends.
  • Liquidity: The ease with which an asset can be bought or sold without affecting its market price.
  • SHIB: Shiba Inu, a cryptocurrency token created as part of a meme coin project on the Ethereum blockchain.