Markets· ★★· bearish·

500 Billion SHIB Moved to Exchanges in 24 Hours: Recovery at Risk?

  • —Average SHIB deposits to exchanges rose 1.92% in 24 hours to about 500.12 billion tokens
  • —The 10 largest deposits totaled roughly 13.91 billion SHIB, with total deposits up 2.58%
  • —Exchange withdrawals also increased: average withdrawals up 2.22%, netflow remains negative
  • —SHIB trades near $0.000005788 after failing to hold above $0.0000060, testing its 200-day moving average
Why it matters: Rising exchange deposits can signal selling pressure, but negative netflow suggests holders are not yet rushing to sell.
#SHIB
Source: Cryptonews.net
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