8 Trillion Shiba Inu Coins Leave Cryptocurrency Exchanges
Shiba Inu could surge in value as the latest data from Nansen shows that 8 trillion coins were moved from cryptocurrency exchanges to self-custody wallets in the last 30 days. The development pushed SHIB’s price to a monthly high of $0.00001340 on Friday. In addition, investors accumulated the dips on the dog-themed token in hopes of Federal Reserve interest rate cuts. The 8 trillion movement of Shiba Inu coins from exchanges to self-custody wallets highlights that investors remain hopeful on the token. They did not jump ship by selling the holdings and continue to hold on to the tokens in their self-custody wallets. Despite its price stagnation this year, SHIB has barely experienced a domino effect type of sell-off. Also Read: How Many Shiba Inu Holders Are Actually in Profit & Loss Today? Source: Nansen Also, the 8 trillion Shiba Inu coins that were moved from exchanges to self-custody wallets are worth $107 million. Exchange outflows to self-custody wallets mostly lead to a bul...