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Shiba Inu Holdings on Exchanges Drop Below 82 Trillion Tokens

CryptoQuant data shows over 700 billion SHIB moved off exchanges in recent weeks, signaling reduced sell-side liquidity.

SHIB

Summary

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Terms & Concepts
  • Shiba Inu (SHIB): A meme-inspired cryptocurrency token built on the Ethereum blockchain, often traded for speculative purposes.
  • CryptoQuant: A blockchain analytics platform that tracks on-chain data such as exchange inflows and outflows.
  • Exchange Outflow: The transfer of cryptocurrency assets from centralized exchanges to private wallets, often indicating reduced immediate selling pressure.