Average SHIB exchange withdrawals drop 78% from peak
- —Average SHIB exchange withdrawals: 421.6 million tokens, -55.75% over the period
- —Average withdrawals are down nearly 78% from the peak
- —Net flow is positive — about 2.31 billion SHIB
- —Exchange reserves were little changed at 87.19 trillion SHIB
Why it matters: The decline in withdrawals removes supply-side support for the price, raising the risk of a test of $0.0000050 and below.
Source: U.Today