Shock the crypto community! ! ! The mystery of 653 billion Shiba Inu coins? ?

The Shiba Inu Coin (SHIB) market has been rocked by the aggressive actions of whales trying to push the price higher, providing strong support for Shiba Inu Coin, which has been in the doldrums recently.

According to the data, approximately 653 billion SHIB tokens were flowed from exchanges on August 1, which was the largest since July 19, when more than 1 trillion coins were flown out. This outflow indicates bullish market sentiment. Holders tend to hold for the long term rather than sell, resulting in a reduction in supply on exchanges, reducing selling pressure in the market, and increased demand, which may push up prices.

As of press time, the price of Shiba Inu Coin fell by 2.17% to $0.00001554. Trading activity has increased significantly recently, with 24-hour trading volume soaring 22.93% to $264.35 million, reflecting rising investor confidence in the market.

Bullish action by SHIB whales and massive outflows are positive signs that investors are confident in the long-term value of Shiba Inu Coin. As fewer coins become available on exchanges, that could push prices higher in the short term. If this trend continues, Shiba Inu Coin is expected to usher in a new upward phase.

Despite the slight price drop, investors remain optimistic about the outlook for Shiba Inu Coin. Changes in capital flows and trading volumes in the coming days will help determine whether this trend continues.

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