The Numbers* 💸:
A staggering 200,607,300,000 SHIB tokens were withdrawn from exchanges or moved out of circulation in the last 24 hours, indicating a significant shift in market dynamics. This large outflow could be attributed to various factors, including¹ ²:
- *Long-term Holders*: "Diamond hands" accumulating SHIB at a discount, withdrawing tokens from exchanges to personal or cold wallets.
- *Whales or Institutional Investors*: Big players taking advantage of price weakness to buy large positions, moving tokens to private wallets or custodial accounts.
*Market Trends* 📈:
- *Price*: SHIB is trading at $0.000012-$0.000013, with a 2-3% decline in the last 24 hours, indicating selling pressure.
- *Trading Volume*: 24-hour trading volume is around $300-$350 million on major exchanges.
- *Circulating Supply*: Remains steady at ~589.2-589.5 trillion SHIB, with negligible supply inflation or new issuance.
*What's Next?* 🔮:
The recent outflow could be a sign of accumulation by long-term holders or big players. With SHIB's price prediction looking bullish, some analysts forecast a surge to $0.000081, driven by renewed retail interest and technical indicators.³
*Key Levels to Watch* 🔍:
- *Resistance*: $0.00002976
- *Support*: $0.00002267
*Market Sentiment* 💡:
The SHIB community remains optimistic, with some predicting a significant price increase in the near future. However, market volatility and external factors may impact SHIB's price performance.⁴
#SHIBArmy #ShibaInu #CryptoMarket #BullishSignals #MemeCoins
